Modine Manufacturing Company Q4 FY2026 Earnings Release

Modine Manufacturing Company reported strong fourth quarter and full-year fiscal 2026 results, marking the fourth consecutive year of record financial performance. The company announced record quarterly net sales of $954.4 million, a 47% increase year-over-year, and record quarterly adjusted EBITDA of $146.1 million, a 40% increase. For the full fiscal year, net sales reached a record $3.2 billion, up 23% from the prior year, and adjusted EBITDA was a record $471.0 million, up 20%. The company highlighted significant growth in its Climate Solutions segment, particularly in data center products, and announced a landmark $4 billion long-term agreement for chiller sales. Modine also advanced its strategic transformation by completing three acquisitions and announcing the planned spin-off of its Performance Technologies business. The company provided a positive outlook for fiscal year 2027, projecting net sales growth of 20% to 35% and adjusted EBITDA between $650 million and $680 million.