📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Modine Manufacturing Company designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally. It offers heat transfer products, including round tube plate fin construction; gas-fired, hydronic, electric, and oil fired unit heaters; roof-mounted direct- and indirect-fired makeup air units, duct furnaces, infrared units, and perimeter heating products; single packaged unit ventilators, modular chillers, air handler and condensing units, and ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers. The company also provides data center products that consists of IT cooling solutions, including chillers, dry coolers, precision air handling units, computer room air conditioning, computer room air handler units, fan walls, rear-door heat exchangers, coolant distribution units, and immersion solutions, as well as sells replacement parts, maintenance service and control solutions for existing equipment and new building management controls and systems. In addition, it offers powertrain cooling products, such as radiators, condensers, engine cooling modules, charge air coolers, fan shrouds, and surge tanks; cooling module generator sets; aluminum and stainless steel engine oil coolers, exhaust gas recirculation coolers, liquid charge air coolers, transmission and retarder oil coolers, chillers, and condensers; battery thermal management systems, electronics cooling packages, battery chillers, battery cooling plates, coolers and casings for electronics cooling, and coolers for electric axles; and coatings products and application services. The company was incorporated in 1916 and is headquartered in Racine, Wisconsin.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding MOD

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	340.7K	$73.8M	0.09%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q1 2026

Confident Specific

Management used phrases like 'solid start', 'extraordinary demand', and 'lofty goal but achievable', and provided specific growth percentages (45% data center growth) and a $2 billion target. The raised guidance and detailed capacity investments underscore strong conviction.

Q2 2026

Confident Specific

Management leads with specific numbers like 'more than 60% revenue growth in data centers' and 'over $2 billion in fiscal 2028', while candidly acknowledging temporary margin erosion from launch costs and hiring 1,200 employees. The tone is forward-looking and assertive, backed by detailed capacity expansion plans.

Q3 2026

Confident Specific

Management repeatedly used phrases like 'record order intake', 'on track to deliver on that goal', 'raising the revenue and earnings outlook', and 'remain confident' to project strong conviction in data center growth and the strategic spin-off. Specific numbers (78% data center growth, 20%+ Climate Solutions margin target) anchored their optimism.

Q4 2026 latest

Confident Specific

Management used strong language like 'record-breaking,' 'outstanding,' 'tremendous accomplishments,' and 'game changer' for the 3MW chiller. They provided specific figures (e.g., 73% data center growth, $4bn LTA) and addressed challenges transparently (weather lost 20 shifts, supply chain shortages) with clear mitigation plans, projecting 40%+ EBITDA growth.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is materially strengthened after this call. The $4 billion LTA provides unprecedented revenue visibility and validates management's capacity expansion strategy. The acceleration of data center growth guidance to 60-80% (vs prior 50-70%) signals surging demand, and the continued margin improvement trajectory supports the path to higher profitability. The spin-off of Performance Technologies removes a cyclical drag, leaving a pure-play Climate Solutions company with higher growth and margins. Key watch items: execution on supply chain shortages in Q1, tariff recovery timing, and ability to secure additional LTAs without diluting margins. The fiscal 2027 guidance of 40%+ EBITDA growth reinforces confidence in the long-term 50-70% data center CAGR.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Modine posts record revenue and EBITDA; data center revenue grows 73% to $1.1B

Revenue & Profitability

Fourth-quarter total sales increased 47% year-over-year. Adjusted EBITDA rose 40% in the quarter, and adjusted earnings per share increased 53% to $1.71. Free cash flow was positive $153 million in Q4. Full-year capital expenditures totaled $143 million. Net debt stood at $363 million, with a leverage ratio of 0.8x.

Outlook

Management sees no signs of slowdown in data center demand, with hyperscalers investing heavily in North America. For fiscal 2027, total company sales are expected to grow 20%-35%, data center sales 60%-80%, commercial HVAC 5%-10%, and Performance Technologies flat to up 5%. Adjusted EBITDA is forecasted at $650-$680 million, representing more than 40% growth and at least 100-200 basis points of margin improvement. Free cash flow is expected to be 4%-6% of sales.

Growth Drivers

Data center revenue grew 73% to $1.1 billion in fiscal 2026, and is expected to accelerate 60%-80% in fiscal 2027, driven by capacity expansion and the new LTA. Heat Transfer Solutions (coils) grew 19% in Q4, supported by data center and heat pump customers. HVAC Technologies revenue rose 51% in Q4, fueled by recent acquisitions. The commercial HVAC business is expected to rebound in fiscal 2027 after a down year.

Balance Sheet & CapEx

In fiscal 2026, Modine invested $143 million in capital expenditures, including a $100 million expansion for U.S. data center capacity. The company received a $165 million upfront customer payment under the LTA to support capacity expansion. Management expects higher free cash flow in fiscal 2027 and indicated that annual CapEx will be sufficient to continue growing data center capacity beyond the LTA.

Margins

Climate Solutions fourth-quarter adjusted EBITDA margin improved sequentially from Q3 but was down year-over-year due to weather-related overtime and supply chain costs. Performance Technologies full-year EBITDA margin improved 30 basis points to 13.8%, though Q4 was lower. For fiscal 2027, management expects margin improvement across all three segments, with total company adjusted EBITDA margin increasing at least 100-200 basis points. Margins are expected to improve sequentially through the year, with favorable year-over-year comparisons starting in Q2.

Key Risks

Risks include component shortages that impacted Q4 production schedules and will temporarily affect Q1 plans, though no full-year impact is expected. Severe weather cost about 50-100 basis points in the Climate Solutions segment's gross margin. Tariffs (e.g., Section 232 aluminum tariffs) pose a headwind, though Modine expects to recover most impacts through pricing and surcharges with a 3-6 month lag. Integration of acquisitions and the spin-off execution also carry risk.

Generated by AI · Q4 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q1 2027 Q1 2027 2026-07-30

First quarter saw 28% sales growth, led by Data Centers (up 90%) and Commercial HVAC (up 22%), despite margin pressures from supply chain issues. Guidance remains strong, with 20%-35% sales growth and over 40% adjusted EBITDA growth expected for fiscal 2027.

Q4 2026 Q4 2026 2026-05-27

Delivered record revenue and adjusted EBITDA for the fourth consecutive year, driven by explosive data center growth, strategic acquisitions, and a $4B long-term agreement. Fiscal 2027 guidance calls for 20%-35% sales growth and over 40% EBITDA growth.

Q3 2026 Q3 2026 2026-02-05

Q3 saw 31% sales growth and 37% higher adjusted EBITDA, led by Climate Solutions and record data center demand. The Performance Technologies spin-off accelerates focus on high-margin businesses, with raised guidance for sales and earnings in fiscal 2026.

Q2 2026 Q2 2026 2025-10-29

Second quarter sales rose 12% year-over-year, led by 24% growth in Climate Solutions and strong data center demand. Margins were temporarily pressured by rapid capacity expansion, but sequential improvement is expected, with full-year sales and data center growth outlooks raised.

Q1 2026 Q1 2026 2025-07-31

Raised fiscal 2026 outlook on strong data center and HVAC growth, with major capacity investments and three acquisitions fueling double-digit sales and earnings gains. Performance Technologies remains challenged, but cost controls and portfolio optimization continue.

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