Modine Manufacturing (MOD) Q1 2025 Earnings Report

Modine Manufacturing Company (MOD) delivered a robust performance in Q1 2025, with revenue reaching $661.5 million, marking a 6.3% increase year-over-year (YoY). This growth can be attributed to successful acquisitions and a strong uptick in demand for data center products, particularly post the strategic acquisitions of Scott Springfield and Napps. The company reported an impressive gross profit of $164.5 million, translating into a gross margin of 24.6%, which reflects a significant expansion of 400 basis points YoY. Management has expressed optimism about the future, raising their full-year guidance for sales growth to between 6% and 11%, primarily fueled by projected data center sales growth of 80% to 90% following the acquisition.