Modine reports 28% revenue growth to $874M in Q1 FY2027, reaffirms full-year guidance

Filed July 29, 2026 · Period ending July 29, 2026 · ~2 min read

Key Changes

• high

  Q1 FY2027 net sales rose 28% to $874.1M, driven by Data Centers revenue more than doubling to $348.6M. Adjusted EPS increased 44% to $1.53, though adjusted EBITDA margin compressed from 14.9% to 12.2%.

  Exhibit 99.1 view on EDGAR →
• high

  Data Centers gross margin fell 960 basis points to 20.2% due to supply chain constraints limiting production. Management is securing additional suppliers and reports sequential improvements in volume and margins through the quarter.

  Exhibit 99.1 view on EDGAR →
• high

  Reaffirmed fiscal 2027 guidance for net sales growth of 20-35% and adjusted EBITDA of $650-680M. Data Centers segment expected to grow 60-80%, Commercial HVAC 5-10%, Performance Technologies flat to up 5%.

  Exhibit 99.1 view on EDGAR →