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/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $738.90 mln | $698.32 mln (6 Analysts) |
Q2 Adjusted EPS | Beat | $1.06 | $1 (6 Analysts) |
Q2 EPS | $0.83 | ||
Q2 Net Income | $44.80 mln | ||
Q2 Adjusted EBITDA | Beat | $103.80 mln | $100.02 mln (6 Analysts) |
Q2 Gross Profit | $164.90 mln | ||
Q2 Operating Income | $73.50 mln | ||
Q2 Pretax Profit | $63.70 mln |
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.)