Welcome to our dedicated page for Modine Manf news (Ticker: MOD), a resource for investors and traders seeking the latest updates and insights on Modine Manf stock.
Modine Manufacturing Co. provides thermal management technology and engineered heating, cooling and ventilation solutions for mission-critical applications. News about MOD commonly covers operating and financial results, investor conference participation, product development, and capacity additions across its Climate Solutions, Data Centers and Performance Technologies businesses.
Company updates often center on Airedale by Modine data center cooling systems, including TurboChill chiller platforms, free-cooling architectures, and liquid-cooling support for high-density computing environments. Other recurring topics include global manufacturing expansion, energy- and water-efficiency applications, emissions-reduction technologies, governance matters, and changes affecting the company’s segment portfolio.
Modine (NYSE: MOD) reported first quarter fiscal 2027 net sales of $874.1 million, up 28% year over year, driven mainly by 90% growth in Data Centers sales and 22% growth in Commercial HVAC. Net earnings rose 44% to $74.3 million, with diluted EPS up 44% to $1.37 and adjusted EPS up 44% to $1.53. Adjusted EBITDA increased 5% to $106.5 million.
Gross margin declined 340 basis points to 20.8% amid higher costs and supply chain-related inefficiencies across segments, particularly Data Centers. Operating income fell 1% to $74.8 million as SG&A rose to support growth and the pending spin-off of Performance Technologies. Net cash from operations was $41.4 million; free cash flow was a $5.0 million use due to higher Data Centers capacity investments. Net debt increased to $432.9 million. Modine reaffirmed its full-year fiscal 2027 outlook for net sales growth of +20% to 35% and adjusted EBITDA of $650–$680 million and confirmed plans to spin off and merge Performance Technologies with Gentherm in the fourth calendar quarter of 2026.
Modine (NYSE: MOD) has published its 2026 Sustainability Report, titled Purpose-Driven Engineering, highlighting environmental progress and strategic transformation. The company reports that in fiscal 2026 it reduced energy and water intensity versus a 2018 baseline and achieved its 2030 targets for both metrics years ahead of schedule. Modine also reports continued reductions in absolute Scope 1 and Scope 2 greenhouse gas emissions, the introduction of new solutions, and expanded use of AI across products and operations. The company obtained independent limited assurance on its GHG emissions data for the first time and plans to set new forward-looking sustainability targets aligned with its growing data center and commercial HVAC&R markets.
Modine (NYSE: MOD) announced it will host a conference call and webcast to discuss its first quarter fiscal 2027 financial results for the period ended June 30, 2026. The call is scheduled for Thursday, July 30, 2026, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), with results planned for release after market close on Wednesday, July 29, 2026.
President and CEO Neil D. Brinker and EVP & CFO Michael B. (Mick) Lucareli are expected to review the results. Investors can access the live webcast and slides via the investor section of Modine’s website, with replays available online and via audio dial-in through August 6, 2026, and a transcript posted on or after August 3, 2026.
Modine (NYSE: MOD) announced that Michael Mahan has joined the company as President of its newly formed Commercial HVAC (CHVAC) segment. He will lead heating, ventilation, air conditioning, and heat transfer solutions for commercial, industrial, and aerospace markets, reporting into Modine’s leadership.
Mahan brings over 20 years of experience, including serving as President of Crane Payment Innovations, senior executive roles at Schneider Electric, and leadership positions at former GE companies. He holds a mechanical engineering degree from Worcester Polytechnic Institute and an MBA from the University of Connecticut.
Modine (NYSE: MOD) reported record fourth-quarter and fiscal 2026 results driven by strong Climate Solutions and data center demand.
Q4 net sales rose 47% to $954.4 million and adjusted EBITDA grew 40% to $146.1 million. Fiscal 2026 net sales increased 23% to $3.18 billion, while a $116.1 million non-cash pension termination charge reduced GAAP earnings. The company completed three Climate Solutions acquisitions, launched its largest capacity expansion for data centers, announced a pending spin-off of Performance Technologies, secured a $4 billion long-term chiller agreement with a hyperscale customer, and issued fiscal 2027 guidance for 20%-35% net sales growth and $650-$680 million adjusted EBITDA.
Modine (NYSE: MOD) announced a landmark Long-Term Capacity Agreement with a strategic data center customer for its Airedale by Modine cooling solutions.
The LTA covers guaranteed capacity to supply more than $4 billion of products during 2027–2029 and includes a $165 million upfront cash payment to support capacity investments and related expenditures, advancing Modine's Data Centers growth strategy.
Modine (NYSE:MOD) will host its fourth quarter and fiscal 2026 earnings conference call and webcast on May 27, 2026 at 9:00 a.m. CT (10:00 a.m. ET). Financial results for the period ended March 31, 2026 are scheduled for release after market close on May 26, 2026.
The live webcast, replay, slides, audio-only replay, and transcript will be available through Modine's investor relations website and dedicated dial-in numbers.
Modine (NYSE: MOD) will participate in the Oppenheimer 21st Annual Industrial Growth Conference on May 5, 2026. Neil D. Brinker, president and CEO, and Michael B. Lucareli, EVP and CFO, will appear in a virtual fireside chat at 1:30 p.m. ET (12:30 p.m. CT).
Live webcasts are available in the Investor Relations section of Modine's website and recordings will be available for 365 days after the webcast.
Modine (NYSE: MOD) promoted Art Laszlo to President, Data Centers, effective April 1, 2026, creating a standalone Data Centers segment previously part of Climate Solutions. The company will report the two segments with first quarter fiscal 2027 results. Performance Technologies remains a separate segment until its planned spin-off later this calendar year as part of the transaction with Gentherm.
Laszlo, who joined Modine in 2022, will lead growth and profitability for the new global Data Centers business, while Eric McGinnis will continue to lead the remaining Climate Solutions segment until his planned retirement.
Modine (NYSE: MOD) joined the U.S. Department of Energy's Better Plants program on April 1, 2026, and achieved strong sustainability ratings in 2025. The company received B scores for Climate Change and Water Security from CDP and a Bronze Medal from EcoVadis, signaling coordinated climate action and a structured sustainability program. Modine said its sustainability strategy spans energy-efficient products, manufacturing practices, and support for customers' emissions reductions.