Shares of Modine Manufacturing (MOD) are soaring 10.31% in pre-market trading on Thursday, building upon the impressive 7.55% gain from the previous day's regular trading session. This substantial increase comes on the heels of the company's outstanding first-quarter fiscal 2026 financial results and an optimistic full-year guidance, which have significantly boosted investor confidence.

Modine's Q1 performance exceeded analyst expectations across key metrics. 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, outperforming analyst projections of $651.04 million by 4.9% and marking a 3.2% year-over-year increase. Additionally, the adjusted EBITDA of $101.4 million beat the expected $91.3 million, further underlining the company's robust financial health.

Looking ahead, Modine's upbeat outlook for fiscal year 2026 has significantly contributed to investor enthusiasm. The company projects net sales growth between 10% and 15%, with adjusted EBITDA expected to range from $440 million to $470 million. This positive guidance, coupled with the strong Q1 results, appears to be the primary driver behind the stock's pre-market surge, as investors react favorably to Modine's demonstrated financial strength and promising growth prospects in a challenging economic landscape.