Modine Manufacturing Projects Strong Fiscal 2027 Growth Driven by Data Center Demand
Modine Manufacturing Company (MOD) has issued optimistic financial guidance for fiscal year 2027, projecting sales between $3.1 billion and $3.2 billion. The company expects adjusted EBITDA to fall within the range of $470 million to $500 million, fueled largely by massive expansion in its data center segment. Management reported significant momentum, noting that data center revenues increased 95% compared to the previous year. This surge is part of a broader trend where the segment is expected to see growth between 80% and 90%. Additionally, Modine has achieved four consecutive quarters of record orders, with recent quarterly orders exceeding $1 billion.
Tickers: $MOD