Is Modine's Climate Solutions Pivot a Margin Game Changer?

Key Takeaways Modine plans to separate Performance Technologies through a Reverse Morris Trust with Gentherm.Climate Solutions sales rose 51% to $544.6 million, with adjusted EBITDA margin reaching 17.9%.Modine expects Climate Solutions margins at 20-21% in Q4'26 and 20-23% in fiscal 2027.Modine Manufacturing (MOD) is undergoing a shift that could significantly improve its margin profile. The company is moving away from lower-margin, cyclical businesses and repositioning itself as a focused climate solution ...