Overview

* Modine fiscal Q1 rev rises 3% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EBITDA for fiscal Q1 beats consensus, driven by Climate Solutions

* Co raises fiscal 2026 guidance, expects 10%-15% net sales growth

Outlook

* Modine raises fiscal 2026 net sales growth guidance to 10%-15%

* Company expects fiscal 2026 adjusted EBITDA of $440 mln to $470 mln

* Modine anticipates $2 bln in data center revenues by fiscal 2028

* Company sees positive impact from North American capacity expansion in H2 of 2025

Result Drivers

* CLIMATE SOLUTIONS - Higher sales driven by data center and organic and inorganic growth in the HVAC Technologies product group

* PERFORMANCE TECHNOLOGIES - Sales decline due to market weakness

* MATERIAL COSTS - Co actively managing higher material costs in Performance Technologies segment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $682.80 $651 mln

Revenue mln (6

Analysts

)

Q1 EPS $0.95

Q1 Net $51.70

Income mln

Q1 Beat $101.40 $91.30

Adjusted mln mln (6

EBITDA Analysts

)

Q1 Gross $165.40

Profit mln

Q1 $75.70

Operatin mln

g Income

Q1 $65.70

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

* Wall Street's median 12-month price target for Modine Manufacturing Co ( MOD ) is $127.50, about 12.2% above its July 29 closing price of $111.95

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)