Modine — Second Quarter Fiscal 2027 Earnings Summary

Modine reported second-quarter fiscal 2027 net sales of $994.4 million, a 35 percent increase driven by strong growth in its Data Centers and Commercial HVAC segments. The company completed the spin-off of its Performance Technologies business on October 1, 2026, which resulted in a $29.5 million income tax expense and a decrease in reported net earnings to $30.3 million. Adjusted EBITDA rose 31 percent to $136.2 million, while adjusted earnings per share increased to $1.35. Modine has updated its full-year fiscal 2027 outlook to reflect higher expectations for its core business, projecting net sales between $3.1 billion and $3.2 billion and adjusted EBITDA between $470 million and $500 million.