MOD
Modine Manufacturing
Q1 2026 Report
Modine Manufacturing Company (MOD) Q1 2026 Earnings Report: Optimism Amidst Strategic Growth...
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Executive Summary
In Q4 2024, Modine Manufacturing Company (MOD) delivered a robust performance underscoring its ongoing transformation and strategic growth initiatives within the Consumer Cyclical sector, particularly in the Automotive Parts industry. The company reported revenues of $603.5 million, reflecting a slight year-over-year decline of 2.4% but a quarter-over-quarter increase of 7.5%. Noteworthy is the adjusted EBITDA margin, which improved significantly to 13.1%, demonstrating operational efficiency and effective cost management strategies. Management's commitment to the '80/20' principle—focusing on high-margin products and markets—has led to a substantial adjusted EBITDA growth of 48% year-over-year, reinforcing a shift towards sustainable profitability.
Modine's acquisition of Scott Springfield and other strategic investments have expanded its presence in the data center cooling market, showcasing a growth in sales by 69% compared to the prior year, positioning the company well against competitors amidst evolving market demands. Management highlighted the importance of innovation and strategic partnerships in maintaining a competitive edge.
Key Performance Indicators
Revenue
603.50M
QoQ: 7.50% | YoY:-2.36%
Gross Profit
135.30M
22.42% margin
QoQ: 6.28% | YoY:20.59%
Operating Income
59.70M
QoQ: -3.24% | YoY:23.09%
Net Income
25.80M
QoQ: -41.89% | YoY:-71.30%
EPS
0.49
QoQ: -42.35% | YoY:-71.68%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $603.5 million (YoY: -2.4%, QoQ: +7.5%)
- **Gross Profit:** $135.3 million (Gross margin: 22.4%, YoY: +20.6%)
- **Operating Income:** $59.7 million (Operating margin: 9.9%, YoY: +23.1%)
- **Net Income:** $25.8 million (Net margin: 4.3%, YoY: -71.3%)
- **Adjusted EBITDA:** $76.2 million, adjusted EBITDA margin: 13.1% (YoY: +20%)