Overview
Thermal management firm's Q3 revenue rose 31%, beating analyst expectations
Adjusted EPS for Q3 increased 29% and beat analyst expectations
Company to spin off Performance Technologies business, combining it with Gentherm
Outlook
Modine raises fiscal 2026 net sales growth outlook to 20%-25%
Company expects fiscal 2026 adjusted EBITDA between $455 mln and $475 mln
Modine anticipates 50%-70% annual growth in data center sales for next two years
Result Drivers
DATA CENTER SALES - Modine's 78% increase in data center sales drove a 51% rise in Climate Solutions segment sales
CAPACITY EXPANSION - Ongoing capacity expansion for data center products contributed to a 31% sequential sales increase
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $805 mln | $760.42 mln (7 Analysts) |
Q3 Adjusted EPS | Beat | $1.19 | $0.99 (7 Analysts) |
Q3 EPS | -$0.90 | ||
Q3 Adjusted EBITDA | Beat | $119.60 mln | $102.40 mln (7 Analysts) |
Q3 Gross Profit | $186.10 mln | ||
Q3 Operating Income | $89.30 mln | ||
Q3 Pretax Profit | -$38.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 $205.00, about 2.8% above its February 3 closing price of $199.48
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 27 three months ago
Press Release: ID:nPnbJDd3ra
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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