MOD
Modine Manufacturing
Q1 2026 Report
Modine Manufacturing Company (MOD) Q1 2026 Earnings Report: Optimism Amidst Strategic Growth...
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Executive Summary
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.
Key Performance Indicators
Revenue
661.50M
QoQ: 9.61% | YoY:6.28%
Gross Profit
164.50M
24.87% margin
QoQ: 21.58% | YoY:28.62%
Operating Income
79.80M
QoQ: 33.67% | YoY:20.00%
Net Income
47.30M
QoQ: 83.33% | YoY:5.58%
EPS
0.90
QoQ: 83.67% | YoY:4.65%
Revenue Trend
Margin Analysis
Key Insights
### Key Financial Metrics 1. **Revenue**: $661.5 million (YoY increase of 6.3%) 2. **Gross Profit**: $164.5 million (Gross Margin: 24.6%, increased by 400 bps YoY) 3. **Operating Income**: $79.8 million (Operating Margin: 12%, increased 33.7% QoQ) 4. **Net Income**: $47.3 million (Net Margin: 7.1%, YoY increase of 5.6%) 5. **Adjusted EBITDA**: $96.7 million (15.3% margin, a 240 bps improvement YoY) 6. **EPS**: $1.04 (up 22% YoY) 7. **Debt/Equity Ratio**: 0.671, indicating a moderate level of deb...