Modine's Q3 revenue beats estimates on higher data center sales

Modine Manufacturing

04/02/2026 21:25

Overview

Thermal management firm's Q3 revenue rose 31%, beating analyst expectations

Adjusted EPS for Q3 increased 29% and beat analyst expectations

Company to spin off Performance Technologies business, combining it with Gentherm

Outlook

Modine raises fiscal 2026 net sales growth outlook to 20%-25%

Company expects fiscal 2026 adjusted EBITDA between $455 mln and $475 mln

Modine anticipates 50%-70% annual growth in data center sales for next two years

Result Drivers

DATA CENTER SALES - Modine's 78% increase in data center sales drove a 51% rise in Climate Solutions segment sales

CAPACITY EXPANSION - Ongoing capacity expansion for data center products contributed to a 31% sequential sales increase

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$805 mln
$760.42 mln (7 Analysts)
Q3 Adjusted EPS
Beat
$1.19
$0.99 (7 Analysts)
Q3 EPS
-$0.90
Q3 Adjusted EBITDA
Beat
$119.60 mln
$102.40 mln (7 Analysts)
Q3 Gross Profit
$186.10 mln
Q3 Operating Income
$89.30 mln
Q3 Pretax Profit
-$38.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 $205.00, about 2.8% above its February 3 closing price of $199.48

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nPnbJDd3ra

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)