Modine Manufacturing Company Q4 FY2026 Earnings Call
· Earnings call transcript and AI-powered summary
Key Context: Modine reported its fourth consecutive year of record revenue and adjusted EBITDA for fiscal 2026 (ended ~March 2026). The company highlighted strong momentum in data centers, three HVAC acquisitions adding $119M in incremental revenue, a $100M U.S. data center capacity expansion, and a planned spin-off of the Performance Technologies segment via merger with Gentherm. A landmark long-term agreement (LTA) was announced for >$4B in data center cooling products (calendar 2027-2029).
Financial Highlights (Q4 FY2026 vs. Prior Year)
- Total company sales: +47% (driven by Climate Solutions data center growth).
- Gross profit: +29%.
- Adjusted EBITDA: +40%, with margin improving 40 basis points sequentially from Q3; SG&A as % of sales fell 190 bps to 10.7%.
- Adjusted EPS: +53% to $1.71.
- Free cash flow: +$153M (included $165M upfront customer payment recorded as contract liability).
- Net debt: $363M (leverage 0.8x); CapEx for FY2026: $143M.
Segment Performance
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