Modine Q1 revenue rises on data centers, commercial HVAC strength
MOD•Key financial metrics
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q1 Revenue | Slight Miss* | $874.10 mln | $877.57 mln (8 Analysts) |
| Q1 Adjusted EPS | Beat | $1.53 | $1.29 (7 Analysts) |
| Q1 EPS | $1.37 | ||
| Q1 Net Income | $74.30 mln | ||
| Q1 Adjusted EBITDA | Miss | $106.50 mln | $121.62 mln (9 Analysts) |
| Q1 Gross Profit | $182 mln | ||
| Q1 Operating Income | $74.80 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Outlook and corporate actions
Modine reaffirmed fiscal 2027 net sales growth of 20% to 35% and said it expects fiscal 2027 adjusted EBITDA of $650 mln to $680 mln.
The company also said its Performance Technologies spin-off and merger is planned to close in Q4 2026.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy," with 10 "strong buy" or "buy" recommendations, no "hold" ratings, and no "sell" or "strong sell" ratings.
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."
Wall Street's median 12-month price target for Modine Manufacturing Co is $341.00, about 63.9% above its July 28 closing price of $208.06.
The stock recently traded at 23 times the next 12-month earnings versus a P/E of 29 three months ago.
