Modine raises 2027 revenue outlook after strong Data Centers and HVAC growth post spin-off

Modine reported a 35% sales increase to $994.4M in Q2 2027, driven by 95% growth in Data Centers and 23% in Commercial HVAC segments. Despite a 32% drop in net earnings due to tax expenses from its Performance Technologies spin-off, adjusted EBITDA rose 31%. The company completed the spin-off on October 1 and now expects 50-55% revenue growth and adjusted EBITDA of $470-500M for fiscal 2027, excluding Performance Technologies. Modine is securing supply chains and expanding in data center cooling, aiming for sustainable long-term growth.

Modine Manufacturing Company shares surged 12.70% to USD 139.00 as of Nov 04, 2026 04:12 WIB on Pluang, reflecting strong market interest despite the company's recent spin-off and earnings challenges. The stock trades with a market cap of $6.56 billion and a 52-week low of $110.73, while all current Pluang order activity is selling. This trading pattern highlights cautious investor sentiment even as Modine projects significant revenue growth for fiscal 2027.