Modine generated record Q4 net sales of $954.4 million, up 47%, with net earnings of $73.6 million, EPS $1.36, and adjusted EBITDA $146.1 million, up 40%. It projects fiscal 2027 net sales growth of 20–35% and adjusted EBITDA of $650–680 million following capacity expansions, acquisitions, and a landmark $4 billion chiller agreement.
Modine delivered record fourth-quarter net sales of $954.4 million, a 47% year-over-year gain, driven by strong demand in its Climate Solutions segment. Net earnings rose 47% to $73.6 million, EPS climbed to $1.36, and adjusted EBITDA reached $146.1 million, up 40%, despite margin pressure from expansion costs and tariffs.
For the fiscal year ended March 31, 2026, Modine achieved record net sales of $3.18 billion, a 23% increase, and adjusted EBITDA of $471.0 million, up 20%. Net earnings fell 34% to $123.3 million, and EPS declined to $2.26, reflecting a $116.1 million non-cash pension termination charge in the third quarter.
Modine forecasts fiscal 2027 net sales growth of 20–35% and adjusted EBITDA of $650–680 million, representing 38–44% upside. The company has expanded data center capacity, completed three Climate Solutions acquisitions, announced a Performance Technologies spin-off and secured a $4 billion long-term chiller agreement with a major hyperscale customer.
