Modine Reports Fiscal Q2 2027 Sales Growth and Raises Full-Year Guidance
Modine reported net sales of $994.4 million, up 35% year over year, and adjusted diluted EPS of $1.35, up 27%. For continuing operations, it projects fiscal 2027 net sales of $3.1 billion to $3.2 billion and adjusted EBITDA of $470 million to $500 million, following the October 1 completion of its Performance Technologies spin-off.
Modine announced its financial results for the second quarter of fiscal 2027, reporting net sales of $994.4 million, a 35% increase compared to the same period last year. The company achieved an adjusted diluted earnings per share of $1.35, representing a 27% increase year-over-year. Following the completion of the Performance Technologies spin-off on October 1, 2026, Modine updated its full-year 2027 guidance for its continuing operations, projecting net sales between $3.1 billion and $3.2 billion and an adjusted EBITDA between $470 million and $500 million.
Management noted that the revenue growth is driven by strong demand in the data center and commercial HVAC segments.