Overview

* Modine fiscal Q2 revenue grows 12%, beating analyst expectations

* Adjusted EPS for fiscal Q2 beats consensus, increasing 9% from prior year

* Company raises full-year revenue guidance, driven by Climate Solutions segment growth

Outlook

* Modine raises fiscal 2026 net sales growth forecast to 15-20%

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

* Modine expects data center revenue to grow over 60% year-over-year

Result Drivers

* CLIMATE SOLUTIONS - Strong demand from data center customers and acquisitions drove segment growth

* CAPACITY EXPANSION - Temporary operating inefficiencies due to capacity expansion for data center products

* REVENUE GUIDANCE RAISED - Co raises full-year revenue guidance due to strong Climate Solutions performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $738.90 $698.32

Revenue mln mln (6

Analysts

)

Q2 Beat $1.06 $1 (6

Adjusted Analysts

EPS )

Q2 EPS $0.83

Q2 Net $44.80

Income mln

Q2 Beat $103.80 $100.02

Adjusted mln mln (6

EBITDA Analysts

)

Q2 Gross $164.90

Profit mln

Q2 $73.50

Operatin mln

g Income

Q2 $63.70

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 $177.50, about 8.2% above its October 27 closing price of $163.02

* The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

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(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.)