On July 30, Modine Manufacturing rose 8.57% in regular trading, trading at $178.98/share, with turnover of $107 million.
On the news front, the company reported fiscal Q1 adjusted EPS of $1.53, beating the analyst consensus estimate of $1.29 by 18.6% and representing a 44.3% year-over-year increase. Revenue came in at $874.1 million, slightly below the $877.6 million estimate. Notably, Modine Manufacturing had declined over 15% across the three trading sessions preceding the earnings release, as investors took profits ahead of the report. The current rebound likely reflects technical recovery following the release of prior selling pressure.
For the full fiscal year, the company guided adjusted EBITDA of $650 million to $680 million, compared with the consensus estimate of $664.8 million. The company previously secured a landmark $4 billion long-term capacity agreement with a strategic data center customer to supply Airedale cooling solutions through 2029, with the customer providing a $165 million upfront payment to fund capacity expansion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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