Modine sales up 35% on data centers; FY27 guidance raised excluding spin-off
Modine's fiscal Q2 2027 sales rose 35% to $994.4 million on data centers and commercial HVAC; full-year guidance raised, excluding the spun-off unit.
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what happened
According to TradingView, Modine Manufacturing grew its sales 35% in the second quarter of fiscal 2027, to $994.4 million. The main contribution came from its data center and commercial HVAC businesses.
Adjusted EBITDA rose 31%. The company raised its fiscal 2027 outlook, but the new forecast no longer includes Performance Technologies, which was separated into its own company in October.
why it matters
For markets, the key signal is demand for cooling systems used in data centers as infrastructure for artificial intelligence keeps expanding. The Performance Technologies spin-off changes the revenue mix, so comparing the new forecast with earlier periods requires adjusting for that factor.
market impact
Modine shares and data center cooling makers: strong demand supports the company's stock
tags
instruments
sources
- MOD: Data Centers-led growth lifted sales 35%; FY27 guidance excludes the spun-off business — TradingView, 3 November 2026 at 21:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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