Modine Q1 Revenue Jumps 28% on Data Center Boom, EPS Beats by 19%
MOD sits 73% above its 52-week low of $107.27 on elevated volume (3.2× avg).
Summary
Modine's fiscal Q1 revenue surged 28% to $874.1M, driven by a 90% jump in Data Centers segment sales to hyperscale customers and a 22% increase in Commercial HVAC. Adjusted EPS of $1.53 handily beat the $1.29 consensus, though revenue slightly missed estimates and adjusted EBITDA of $106.5M came in below the $121.6M expectation due to supply chain inefficiencies and higher material costs in the data center business. The company reaffirmed its full-year outlook for 20-35% sales growth and $650-680M in adjusted EBITDA, signaling confidence despite near-term margin pressure. This follows the $4B data center cooling contract announced in May and the planned spin-off of Performance Technologies, which is on track to close in Q4 2026. The strong top-line momentum in high-growth segments and maintained guidance should reinforce the bull case, though traders will watch whether supply chain headwinds persist into Q2.
At the time of this announcement, MOD was trading at $185.10 on NYSE in the Manufacturing sector, with a market capitalization of approximately $9.5B. The 52-week trading range was $107.27 to $323.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.