Modine publishes Q2 fiscal 2027 earnings call transcript
MOD•Modine forecasts fiscal 2027 sales of $3.1 billion-$3.2 billion and adjusted EBITDA of $470 million-$500 million, excluding Performance Technologies. Data center sales are projected to grow 80%-90%, and a new hyperscaler award covers more than $400 million of custom air handling units through calendar 2027.
1. Fiscal 2027 outlook
Modine forecast fiscal 2027 sales of $3.1 billion-$3.2 billion and adjusted EBITDA of $470 million-$500 million, excluding Performance Technologies. The November 4 earnings call featured CEO Neil Brinker, CFO Mick Lucareli and Vice President Kathy Powers.
2. Data center business
Modine projected data center sales growth of 80%-90%, said quarterly orders exceeded $1 billion for the first time, and reported a new hyperscaler program award covering more than $400 million of custom air handling units through calendar 2027. Management targets data center margins of at least 20% in the fourth quarter, driven by higher volumes and material cost recoveries.
