Shares of Modine Manufacturing (MOD) continued their upward trajectory, surging 10.28% in pre-market trading on Thursday. This significant increase follows the company's impressive 7.55% gain during Wednesday's regular trading session, as investors react to Modine's strong first-quarter fiscal 2026 results and optimistic full-year outlook released after Tuesday's market close.

Modine's Q1 performance exceeded analyst expectations across the board. The company reported adjusted earnings per share of $1.06, surpassing the consensus estimate of $0.92 by 15.2%. Revenue for the quarter reached $682.8 million, beating analyst projections of $651.04 million by 4.9% and marking a 3.2% year-over-year increase. Additionally, Modine's adjusted EBITDA of $101.4 million outperformed the expected $91.3 million, further demonstrating the company's robust financial health.

Adding fuel to investor enthusiasm, Modine provided an upbeat outlook for fiscal year 2026. The company anticipates net sales growth between 10% and 15%, with adjusted EBITDA projected to range from $440 million to $470 million. This positive guidance, combined with the strong Q1 results, appears to be driving the continued stock price surge as market participants respond to Modine's demonstrated financial strength and promising growth prospects in a challenging economic environment.