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Modine sees stronger results as data centers drive growth
Modine Manufacture reported strong Q2 revenue growth, led by Data Centers and Commercial HVAC, after spinning off Performance Technologies, boosting full-year outlook.
MOD news
Latest 8 stories · newest Nov 3, 2026
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Modine and Gentherm set dates for business spin-off and reverse merger
Modine will spin-off its Performance Technologies business via a Sept. 28 record date distribution scheduled for Oct. 1, while Gentherm declared a $1.90 special cash dividend contingent on the deal closing.
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Modine to rebrand as Modexus Solutions after spinoff
Modine will change its name to Modexus Solutions upon completing a spinoff of Performance Technologies and a merger with Gentherm, trading under the symbol MOD on the NYSE.
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Modine reports first-quarter fiscal 2027 results with 28% sales growth
Modine reported Q1 fiscal 2027 sales of $874.1 million, up 28% year-over-year, fueled by strong demand in Data Centers and Commercial HVAC. The company reaffirmed its Fiscal 2027 outlook despite temporary margin headwinds.
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Modine Reports Record FY2026 Results; FY2027 Guidance Shows 38-44% EBITDA Growth
Modine delivered record fourth quarter and full-year results with net sales of $3.2 billion, up 23%, and adjusted EBITDA of $471 million, up 20%, while guiding FY2027 net sales growth of 20-35% and adjusted EBITDA of $650-680 million. The company is benefiting from strong data center demand and stra…
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