Modine splits Climate Solutions into Data Centers and Commercial HVAC segments

Filed July 24, 2026 · Period ending July 24, 2026 · ~2 min read

Key Changes

• high

  Effective April 1, 2026, Modine reorganized its Climate Solutions segment into two separate operating segments: Data Centers and Commercial HVAC. The company will report three segments going forward (adding Performance Technologies), which management believes will better support its 80/20 strategy and focused capital deployment.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• high

  Data Centers segment generated $1,108.2 million in fiscal 2026 net sales with 19.4% adjusted EBITDA margin, the highest among the three segments. Q4 sales of $401.9 million nearly doubled Q1's $183.7 million, showing strong sequential growth.

  Exhibit 99.1 view on EDGAR →
• high

  Modine reaffirmed its Reverse Morris Trust transaction with Gentherm to spin off Performance Technologies, expected to close by end of calendar 2026 pending shareholder approval. The company incurred in disposition costs during fiscal 2026 for legal, accounting, tax, and professional services.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →