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

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 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: ID:nPnWkWmpa

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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.)