Modine Manufacturing (MOD) Q2 FY2027 earnings: revenue $994 million, up 34.6% on the year
Modine Manufacturing Co. (MOD) reported revenue of $994 million for Q2 FY2027, the quarter ended 30 September 2026, up 34.6% on the same quarter a year earlier. Net income was $30 million, down 32.4% on the year, and diluted earnings per share $0.56. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.
Revenue
$994 million
+34.6% on the year · +13.8% on the quarter
Q3 FY2025Q2 FY2027
Operating margin
9.8%
9.9% a year earlier
Q3 FY2025Q2 FY2027
Net income
$30 million
-32.4% on the year · -59.4% on the quarter
Q3 FY2025Q2 FY2027
Diluted EPS
$0.56
-32.5% on the year · -59.1% on the quarter
Q3 FY2025Q2 FY2027
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 lowered, 3 new.
Net sales grew 35 percent: Net sales were $994.4 million, against $738.9 million a year earlier, driven by Data Centers and Commercial HVAC. Six-month net sales were $1,868.5 million.
Adjusted EBITDA rose 31 percent: Adjusted EBITDA reached $136.2 million. Adjusted diluted EPS was $1.35, up $0.29 from $1.06 a year earlier.
Data Centers sales rose 95 percent: Growth came mainly from higher sales to North American hyperscale customers. Segment sales were $439.7 million.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q2 FY2027
Q1 FY2027
Q2 FY2026
On the quarter
On the year
Last 8 quarters
Operating cash flow
-98.5
41.4
1.4
Capital expenditure
42.1
46.4
31.9
-9.3%
+32.0%
Free cash flow
-141
-5.0
-30.5
Free cash flow margin
-14.1%
-0.6%
-4.1%
Cash from investing
-39.6
-46.4
-94.3
Cash from financing
194
27.1
52.6
+614.8%
+268.3%
Depreciation and amortisation
21.3
20.7
19.7
+2.9%
+8.1%
Share-based compensation
4.7
8.0
2.1
-41.2%
+123.8%
Buybacks
1.1
64.6
0.6
-98.3%
+83.3%
Diluted shares, weighted
54m
54m
54m
-0.2%
+0.2%
Shares outstanding at period end
53m
53m
53m
+0.2%
+1.0%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q2 FY2027
Q1 FY2027
Q2 FY2026
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,231
1,202
1,054
+2.4%
+16.8%
Non-controlling interest
7.8
8.3
7.6
-6.0%
+2.6%
Debt
724
528
582
+37.1%
+24.4%
Operating lease liabilities
118
115
86.7
+1.9%
+35.6%
Finance lease liabilities
1.5
1.6
2.1
-6.2%
-28.6%
Other liabilities
1,024
940
654
+8.9%
+56.6%
Total liabilities and equity
3,106
2,795
2,386
+11.1%
+30.2%
Fixed assets
560
536
457
+4.4%
+22.5%
Goodwill
290
290
291
-0.2%
-0.3%
Intangible assets
185
190
208
-2.9%
-11.0%
Cash and equivalents
151
95.3
83.8
+58.0%
+79.7%
Receivables
795
660
559
+20.5%
+42.2%
Inventory
698
609
529
+14.5%
+31.9%
Other assets
428
415
259
+3.3%
+65.4%
Total assets
3,106
2,795
2,386
+11.1%
+30.2%
Questions
What was Modine Manufacturing's revenue in Q2 FY2027?
Modine Manufacturing (MOD) reported revenue of $994 million for Q2 FY2027, the quarter ended 30 September 2026, up 34.6% on the same quarter a year earlier.
How much did Modine Manufacturing earn in Q2 FY2027?
Net income for Q2 FY2027 was $30 million, down 32.4% on the year, and diluted earnings per share $0.56.
When did Modine Manufacturing report Q2 FY2027 results?
Modine Manufacturing filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.