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AI brief of an SEC Form 8-K · MODINE MANUFACTURING CO (MOD)

Modine Q2 net sales rise 35% to $994.4 million; GAAP EPS falls 33% on $29.5 million tax charge

Mixed Impact 4 of 5 earnings Written later

Modine reported fiscal second-quarter 2027 net sales of $994.4 million, up 35%, led by Data Centers sales growth of 95%. GAAP earnings per share fell 33% to $0.56 because of a $29.5 million income tax expense tied to legal entity restructuring for the spin-off of Performance Technologies, which was completed on October 1, 2026. Modine also updated its fiscal 2027 outlook to net sales of $3.1 to $3.2 billion and adjusted EBITDA of $470 to $500 million for the continuing business, while net debt rose to $573.7 million.

Key points

  • Net sales were $994.4 million, up 35% from $738.9 million; Data Centers sales were $439.7 million, up 95%.
  • GAAP EPS was $0.56 versus $0.83 a year earlier; adjusted EPS was $1.35 versus $1.06.
  • Fiscal 2027 outlook: net sales of $3.1 to $3.2 billion and adjusted EBITDA of $470 to $500 million, excluding Performance Technologies.
  • Net debt was $573.7 million at September 30, 2026, up $210.9 million from the end of fiscal 2026; an Analyst and Investor Day is set for November 18.

The filing

CompanyMODINE MANUFACTURING CO (MOD)
Form8-K, current report
Filed with the SECNov 3, 2026, 4:25 PM ET
Accession number0001104659-26-122032

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.