Modine Q1 revenue beats estimates, raises annual rev guidance

Modine Manufacturing

30/07/2025 21:29

Overview

Modine fiscal Q1 rev rises 3% yr/yr, beating analyst expectations, per LSEG data

Adjusted EBITDA for fiscal Q1 beats consensus, driven by Climate Solutions

Co raises fiscal 2026 guidance, expects 10%-15% net sales growth

Outlook

Modine raises fiscal 2026 net sales growth guidance to 10%-15%

Company expects fiscal 2026 adjusted EBITDA of $440 mln to $470 mln

Modine anticipates $2 bln in data center revenues by fiscal 2028

Company sees positive impact from North American capacity expansion in H2 of 2025

Result Drivers

CLIMATE SOLUTIONS - Higher sales driven by data center and organic and inorganic growth in the HVAC Technologies product group

PERFORMANCE TECHNOLOGIES - Sales decline due to market weakness

MATERIAL COSTS - Co actively managing higher material costs in Performance Technologies segment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$682.80 mln
$651 mln (6 Analysts)
Q1 EPS
$0.95
Q1 Net Income
$51.70 mln
Q1 Adjusted EBITDA
Beat
$101.40 mln
$91.30 mln (6 Analysts)
Q1 Gross Profit
$165.40 mln
Q1 Operating Income
$75.70 mln
Q1 Pretax Profit
$65.70 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 $127.50, about 12.2% above its July 29 closing price of $111.95

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nPn8YYyd4a

(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.)