Modine Manufacturing Company Q1 FY2027 Earnings Call

· Earnings call transcript and AI-powered summary

Overview: Modine reported strong top-line growth driven by its Data Centers and Commercial HVAC segments, despite temporary supply chain and mix headwinds impacting margins. This is the first quarter under the new three-segment structure (Data Centers, Commercial HVAC, Performance Technologies). Personnel updates included Michael Mahan joining as President of Commercial HVAC and Arthur Laszlo resigning from the data center business (Neil Brinker stepping in interim). The company remains on track for FY2027 targets, with the Performance Technologies spin-off/merger with Gentherm expected to close by year-end.

Segment Performance (vs. Q1 FY2026 unless noted)

  • Data Centers: Revenue +90% YoY (Americas +112%, EMEA +18%) but down sequentially due to supply chain shortages of key components, a customer program delay, and delayed shipments. Adjusted EBITDA +27% YoY to a 14.8% margin (down YoY due to 150 bps warranty variance, 450-550 bps from labor/overhead inefficiencies on lower volumes, and unfavorable mix/material costs). Margin pressures described as transitional; SG&A as % of sales improved ~400 bps. Backlog hit another record with third consecutive quarter of record orders.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Good morning, ladies and gentlemen, and welcome to Modine's First Quarter Fiscal 27 Earnings Conference Call. At this time, participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will follow at that time. If anyone should require assistance during the conference, please press *0 on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host, Kathleen T. Powers, Vice President, Treasurer and Investor Relations. Kathleen T. Powers: Hello, and good morning. Welcome to our conference call to discuss Modine's First Quarter Fiscal 27 I am joined by Neil D. Brinker, our President and Chief Executive Officer and Mick Lucarelli, our Executive Vice President and Chief Financial Officer. The slides that we will be using with today's presentation are available on the Investor Relations section of our website, modine.com. On Slide 3 of that deck is our notice regarding forward looking statements. This call will contain forward looking statements as outlined in our earnings release as well as in our company's filings with the Securities and Exchange Commission. With that, I will turn the call over to Neil. Neil D. Brinker: Thank you, Kathleen, and good morning, everyone. Before covering the quarterly results, I would like to share a couple of personnel updates. As we have recently announced, Michael Mahan has joined Modine as the new president of our

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional