Modine Manufacturing Company reported first quarter fiscal 2027 results for the period ended June 30, 2026. Net sales increased 28 percent to $874.1 million, driven by a 90 percent surge in Data Centers revenue and a 22 percent increase in Commercial HVAC sales. Net earnings rose 44 percent to $74.3 million, with diluted earnings per share reaching $1.37 compared to $0.95 in the prior year period. Adjusted EBITDA grew 5 percent to $106.5 million. The company reaffirmed its full-year fiscal 2027 outlook, projecting net sales growth of 20% to 35% and adjusted EBITDA between $650 million and $680 million. Modine is a diversified global leader in thermal management technology and solutions.

Modine Manufacturing Company reorganized its Climate Solutions segment into two new operating segments, Data Centers and Commercial HVAC, effective April 1, 2026. This realignment aims to optimize profit margins and capitalize on growth in the Data Centers business. Additionally, the company is proceeding with a Reverse Morris Trust transaction to spin off and combine its Performance Technologies segment with Gentherm Incorporated, which is expected to close by the end of calendar 2026. The filing provides recast unaudited historical segment financial results to reflect this new structure. Modine Manufacturing Company is an industrial manufacturer specializing in thermal management solutions.