Modine reported a strong Q4 2026 with record net sales of $954.4 million, up 47% year-over-year, driven by growth in its Climate Solutions segment, especially data center products. Despite a net earnings decline for the full year due to a non-cash pension charge, adjusted EBITDA and adjusted earnings per share reached record highs. The company plans significant capacity expansion and expects 20-35% net sales growth and 38-44% adjusted EBITDA growth in fiscal 2027, signaling continued momentum in its high-growth data center business.
Modine Manufacturing Company anticipates a 34.8% rise in Q2 earnings per share to $1.51 and revenue of $920.67 million, driven by a major $4 billion long-term contract to supply cooling solutions to a data center from 2027 to 2029. The company has al...
Modine has secured a Long-Term Capacity Agreement worth over $4 billion to supply its Airedale data center cooling products from 2027 to 2029. The deal includes a $165 million upfront payment to support capacity investments, reinforcing Modine's lead...
This week, investors focus on key economic data including Core PCE inflation and GDP figures, which will influence Federal Reserve rate expectations and Treasury yields. Fed officials' speeches may further sway market views on monetary policy. Earnin...
