Modine (MOD) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Modine reported revenue of $658 million for the quarter ended September 2024, reflecting a 6% increase year-over-year and surpassing the Zacks Consensus Estimate of $644.74 million by 2.06% [1] - The company's EPS for the quarter was $0.97, up from $0.89 in the same quarter last year, exceeding the consensus EPS estimate of $0.93 by 4.30% [1] Financial Performance Metrics - Net Sales in Climate Solutions reached $366.40 million, exceeding the average estimate of $346.16 million from two analysts [3] - Net Sales for Corporate and eliminations were reported at -$5.90 million, slightly below the average estimate of -$4.80 million [3] - Net Sales in Performance Technologies amounted to $297.50 million, slightly below the average estimate of $298.39 million [3] - Adjusted EBITDA for Climate Solutions was $78.80 million, significantly above the average estimate of $66.70 million [3] - Adjusted EBITDA for Corporate and eliminations was reported at -$20 million, worse than the average estimate of -$13.35 million [3] - Adjusted EBITDA in Performance Technologies was $41 million, slightly above the average estimate of $40.85 million [3] Stock Performance - Modine's shares have returned -1.3% over the past month, contrasting with the Zacks S&P 500 composite's +1.7% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [4]