Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ MODINE MANUFACTURING COMPANY (Exact name of registrant as specified in its charter) | Wisconsin | | 39-0482000 | | --- ...

Modine Manufacturing Company (NYSE:MOD) Q3 2026 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsBrian Drab - Co-Group Head of IndustrialsDavid Tarantino - Assistant VPKathy Powers - Vice President, Treasurer, Corporate Communications and Investor RelationMick Lucareli - EVP and CFONeil Brinker - CEONoah Kaye - Managing DirectorConference Call ParticipantsBrian Sponheimer - AnalystChris Moore - Senior AnalystJeff Van Sinderen - Senior AnalystMatt Summerville - Senior AnalystNeal Burk - Equity ...

Financial Data and Key Metrics Changes - Modine reported a 31% increase in total sales for Q3, driven primarily by growth in the Climate Solutions segment [17] - Adjusted EBITDA improved by 37%, with a margin increase of 70 basis points to 14.9% [18] - Adjusted earnings per share rose by 29% to $1.19, excluding a $116 million non-cash settlement loss related to the termination of the U.S. pension plan [18] Business Line Data and Key Metrics Changes - Performance Technologies revenue increased by 1% year-over-year, with adjusted EBITDA margin rising by 400 basis points to 14.8% [15] - Climate Solutions segment saw a 51% increase in revenues, with data center sales growing by 78% [8][16] - HVAC technology sales increased by 48%, driven by acquisitions and stronger heating product sales [16] Market Data and Key Metrics Changes - The Performance Technologies segment faced challenges with end markets, but commercial execution and cost recoveries led to a slight revenue increase [6] - Data center sales are projected to exceed $1 billion this fiscal year, with expectations of 50%-70% annual growth over the next two years [12][13] Company Strategy and Development Direction - The company is focusing on high-margin, high-growth businesses, including a strategic divestiture of the automotive business and a spin-off of the Performance Technologies segment [4][5] - Modine aims to become a pure-play, diversified climate solutions company, emphasizing investments in data centers and HVAC technologies [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the Climate Solutions segment, particularly in data centers, and anticipates further margin improvements [19][22] - The company raised its fiscal 2026 revenue outlook to a growth range of 20%-25%, with Climate Solutions expected to grow 40%-45% [22][23] Other Important Information - Free cash flow was negative $17 million in Q3, primarily due to inventory builds and higher capital expenditures [20] - The company expects to generate positive free cash flow in Q4 and anticipates capital expenditures to be in the range of $150 million-$180 million for the full fiscal year [21] Q&A Session Summary Question: Can you discuss the margin outlook for Climate Solutions and Performance Technologies in Q4? - Management expects Climate Solutions to achieve a margin improvement to 20%-21%, while Performance Technologies may see a temporary dip in margins due to material costs and inventory cleanup [26][29] Question: What defines the high and low end of the 50%-70% CAGR for data center growth? - The growth range is influenced by capacity expansion and demand, with confidence in achieving the higher end as capacity comes online [30][31] Question: Can you provide insights on record order intake in data centers? - The majority of growth is driven by existing customer relationships, particularly with hyperscalers, indicating strong future potential [38][39] Question: How will working capital investments impact free cash flow? - Management anticipates a return to normalized free cash flow levels as inventory and capital expenditures trend back to typical ratios [40][41] Question: What are the top priorities for data center customers regarding cooling needs? - Customers are focused on securing capacity and innovating to reduce energy and water usage, which are critical issues in the industry [71]

Modine Manufacturing Company (NYSE:MOD) Q3 2026 Earnings call February 05, 2026 11:00 AM ET Speaker11Good morning, ladies and gentlemen, and welcome to Modine's third quarter fiscal 2026 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will follow at that time. If anyone should require assistance during the conference, please press star then zero on your telephone keypad. As a reminder, this conference ...

Third Quarter Fiscal 2026 February 5, 2026 NEIL BRINKER President and Chief Executive Officer MICK LUCARELI Executive Vice President and Chief Financial Officer KATHY POWERS Vice President, Treasurer, and Investor Relations 2 Forward-Looking Statements ▪ Significant progress evolving our business portfolio by investing in high-growth, high-margin businesses and executing strategic divestitures ▪ Recently announced our plan to spin-off the Performance Technologies segment and combine with Gentherm; with Modi ...

Modine (MOD) reported $805 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 30.5%. EPS of $1.19 for the same period compares to $0.92 a year ago.The reported revenue represents a surprise of +5.9% over the Zacks Consensus Estimate of $760.14 million. With the consensus EPS estimate being $0.99, the EPS surprise was +19.96%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

分组1 - Modine reported quarterly earnings of $1.19 per share, exceeding the Zacks Consensus Estimate of $0.99 per share, and showing an increase from $0.92 per share a year ago, resulting in an earnings surprise of +19.96% [1] - The company achieved revenues of $805 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 5.90%, and up from $616.8 million year-over-year [2] - Modine has consistently outperformed consensus EPS and revenue estimates over the last four quarters, indicating strong financial performance [2] 分组2 - Modine shares have increased approximately 49.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.1% [3] - The company's earnings outlook is crucial for future stock performance, with current consensus EPS estimates at $1.50 for the coming quarter and $4.63 for the current fiscal year [7] - The Zacks Industry Rank indicates that the Automotive - Original Equipment sector is currently in the bottom 40% of over 250 Zacks industries, which may impact Modine's stock performance [8]

Financial Performance - Net sales increased by 31% to $805.0 million, compared to $616.8 million in the prior year, driven by strong demand in the Climate Solutions segment [3]. - Adjusted EBITDA increased by 37% to $119.6 million, up from $87.3 million in the prior year [7]. - Adjusted earnings per share rose by 29% to $1.19, compared to $0.92 in the prior year [8]. - In Q3 2025, net sales increased to $805.0 million, up 30.5% from $616.8 million in Q3 2024, while net sales for the nine months ended December 31, 2025, reached $2,226.7 million, a 15% increase from $1,936.3 million in the same period last year [25]. - Adjusted EBITDA for the nine months ended December 31, 2025, was $324.8 million, up from $288.0 million in the same period last year, reflecting improved operational performance [29]. - Adjusted EBITDA for Q3 fiscal 2026 was $119.6 million, with an adjusted EBITDA margin of 14.9% [32]. Segment Performance - Climate Solutions segment sales reached $544.6 million, a 51% increase from $360.8 million one year ago, with data center sales up 78% [13]. - Organic sales growth for Climate Solutions was 36% in Q3 fiscal 2026, while Performance Technologies remained flat [36]. - The company plans to raise its multi-year outlook for Data Center sales to 50% to 70% annual growth over the next two years [12]. Losses and Charges - The company reported a net loss of $46.8 million, including a $116.1 million non-cash pension termination charge [5]. - The company incurred a pension termination charge of $116.1 million in Q3 2025, impacting overall earnings significantly [29]. - A non-cash pension termination charge of $116.1 million was recognized in Q3 fiscal 2026, with a tax benefit of $13.1 million associated with this charge [30]. - The provisions of the One Big Beautiful Bill Act negatively impacted the Company's income tax expense by $0.6 million in Q3 fiscal 2026 [30]. Expenses and Debt - Selling, general and administrative expenses increased by $7.3 million to $89.3 million, primarily due to higher spending to support growth and acquisitions [6]. - Total debt as of December 31, 2025, was $615.8 million, with net debt increasing by $237.9 million to $517.1 million [11]. - Total debt as of December 31, 2025, was $615.8 million, with net debt of $517.1 million after accounting for cash and cash equivalents [34]. - For fiscal 2026, the company estimates adjusted EBITDA guidance, excluding significant cash and non-cash expenses, with interest expense projected at approximately $30 to $34 million and income tax provision at approximately $72 to $76 million [24]. Cash Flow and Investments - Cash and cash equivalents increased to $98.7 million as of December 31, 2025, from $71.6 million at the end of March 2025 [26]. - Net cash provided by operating activities for the nine months ended December 31, 2025, was $53.8 million, down from $158.5 million in the same period last year [27]. - The company invested $182.4 million in business acquisitions during the nine months ended December 31, 2025, compared to $3.4 million in the same period last year, indicating a strategic focus on growth through acquisitions [27]. - Free cash flow for the three months ended December 31, 2025, was $(17.1) million, compared to $44.7 million in the same period of 2024 [35]. Asset Growth - Total assets rose to $2,482.9 million as of December 31, 2025, compared to $1,917.6 million as of March 31, 2025, indicating strong growth in the company's asset base [26].

Ongoing execution of planned production ramp for Data Center products drives top-line growth of 51% in Climate Solutions segment; raising full-year outlook for revenue and earnings RACINE, Wis., Feb. 4, 2026 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2025. Third Quarter Highlights: Increased Fiscal 2026 Outlook: "Modine delivered another quarter of outstanding performance, ...

Earnings Expectations: Analysts anticipate an EPS of $1.02 and revenue of $763.5 million, reflecting Modine Manufacturing's strong market position.Financial Health: With a debt-to-equity ratio of 0.50, a current ratio of 2.00, and a quick ratio of 1.16, MOD showcases solid financial stability.Stock Performance and Valuation: MOD's stock has shown significant growth, with a P/E ratio of 53.56 and a PEG ratio of 1.17, indicating a growth-oriented valuation.Modine Manufacturing (NYSE: MOD) is a key player in t ...