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EarningsQ1 2027 Earnings Report
MOD Q1 2027 EPS Results
Actual EPS$1.48
Consensus EPS$1.25
Beat/MissBeat by +$0.23
One Year Ago EPS$1.02
MOD Q1 2027 Revenue Results
Actual Revenue$874.10M
Expected Revenue$878.69M
Beat/MissMissed by -$4.59M
YoY Revenue Growth+28.02%
Earnings Announcement Details
QuarterQ1 2027
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MOD Upcoming Earnings
Modine's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
MOD Q1 2027 Earnings Call
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Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized very strong top-line growth—particularly in data centers (90% YoY) and commercial HVAC (22% YoY)—record order intake, an ambitious full-year outlook, and progress on the PT separation. However, Q1 margins and free cash flow were pressured primarily by abrupt supply chain shortages, ramp inefficiencies, temporary mix effects and integration costs. Management consistently described these headwinds as transitory and provided specific recovery expectations (notably margin step-ups each quarter and strong data center earnings growth). Given the magnitude of the growth metrics, clear recovery plans, and an unchanged, constructive full-year outlook, positives materially outweigh the temporary challenges.Company Guidance
Data Center Revenue Surge
Data center segment revenues increased 90% year-over-year; Americas sales up 112% and EMEA sales up 18%. Management reported a third consecutive quarter of record order intake and a significantly higher backlog, and noted a >80% 3-year revenue CAGR for the segment.
Data Center Profitability Momentum
Adjusted EBITDA for the data center segment grew 27% year-over-year with an adjusted EBITDA margin of 14.8% in Q1. Management expects data center sales to grow 60%–80% for fiscal 2027 and segment earnings growth in excess of 85% this year, with margins recovering to ~19%–20% in Q2 and stepping up through Q3 and Q4.
Company Revenue and Adjusted EBITDA Growth
Total company sales increased 28% year-over-year driven by data centers and commercial HVAC. Adjusted EBITDA grew 5% year-over-year, representing a $5.1 million increase versus prior year.
Commercial HVAC Strong Quarter
Commercial HVAC revenues grew 22% year-over-year. HVAC Technologies sales rose $24 million (45%), with $20 million contributed by last year’s acquisition; Heat Transfer Solutions sales improved 7% ($11 million). Adjusted EBITDA for the segment increased 7%.
Ambitious Full-Year Outlook
Fiscal 2027 guidance unchanged: company sales growth 20%–35%; data center 60%–80%; commercial HVAC 5%–10%; Performance Technologies flat to +5%. Company adjusted EBITDA guidance of $650M–$680M (implying >40% growth) and an expected 100–200 bps of margin improvement.
EPS and Tax Benefit
Adjusted EPS was $1.53, up 44% year-over-year; this included a favorable income tax benefit related to stock-based compensation during the quarter (management expects this benefit to largely reverse in later quarters).
Progress on Performance Technologies Separation
Performance Technologies (PT) spin-off and merger with Gentherm advanced: Gentherm completed S-4 submission, the company filed for an IRS determination letter for Reverse Morris Trust tax treatment, IT separation and legal entity reorganization work underway; transaction still expected to close before year-end subject to approvals.
Balance Sheet and Leverage
Net debt $433 million (up $70M from prior fiscal year end); leverage ratio 0.9 and management expects leverage to decline by year-end. Free cash flow outlook for fiscal 2027 is 4%–6% of sales.
MOD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed