Modine Q2 FY27 net earnings fall 32% to $30.3 million; Q2 net sales rise 35% to $994.4 million
Bitget2026/11/03 22:00- Modine's Q2 FY27 net earnings fell 32% to $30.3 million, including $29.5 million in spin-off-related income tax expense.
- Net sales climbed 35% to $994.4 million, driven by higher net sales in Data Centers and Commercial HVAC.
- The Performance Technologies spin-off closed October 1; management reported record orders and backlog in Data Centers.
- FY27 net sales are forecast at $3.1 billion to $3.2 billion, excluding Performance Technologies.
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