MOD: Data Centers-led growth lifted sales 35%; FY27 guidance excludes the spun-off business

Modine reported that second-quarter sales rose 35% to $994.4M, led by Data Centers and Commercial HVAC, while adjusted EBITDA, a measure of operating earnings, grew 31%. The company raised its fiscal-year guidance, which excludes Performance Technologies after its October spin-off.

Published: 2026-11-04T08:00:00+00:00

Updated: 2026-11-09T02:47:24.028+00:00

What happened

Modine said fiscal second-quarter sales rose 35% to $994.4 million, led by 95% growth in its Data Center business. It raised its fiscal 2027 outlook for the business it will keep after the Performance Technologies spin-off, completed October 1, 2026.

Global impact / market context

The outlook points to strong expected growth, but higher costs and supplier constraints may limit how much of that growth becomes profit. The spin-off-related tax charge also reduced reported earnings, so the outlook excludes the separated business.

What to watch

Check whether Data Center sales continue to grow; this business led the reported sales increase.
Check whether higher costs and supplier constraints ease; they pressured margins and could affect growth capacity.
Check future results and guidance for the continuing business; the fiscal 2027 outlook excludes Performance Technologies after the spin-off.

Affected assets

Modine Manufacturing Company

Evidence

Infoway News — MOD: Record Data Center demand drives >50% FY27 adjusted EBITDA growth guidance despite cost pressures 2026-11-04T19:00:15+00:00
Infoway News — MOD: Data-center-led growth lifted sales, while cost pressures and the completed spin reshaped earnings and focus 2026-11-04T17:34:16+00:00
Infoway News — Key facts: Q2 Sales Rise; Outlook Up; Spin-Off; Target Cut, Buys Held 2026-11-04T08:00:00+00:00
Infoway News — MOD: Data Centers-led growth lifted sales 35%; FY27 guidance excludes the spun-off business 2026-11-03T21:33:05+00:00
Infoway News — MOD: Data Centers-led growth lifted outlook, while spin-off taxes depressed reported earnings 2026-11-03T21:26:49+00:00
Incident timeline — MOD: Record Data Center demand drives >50% FY27 adjusted EBITDA growth guidance despite cost pressures
Incident timeline — MOD: Data-center-led growth lifted sales, while cost pressures and the completed spin reshaped earnings and focus
Incident timeline — Key facts: Q2 Sales Rise; Outlook Up; Spin-Off; Target Cut, Buys Held
Incident timeline — MOD: Data Centers-led growth lifted sales 35%; FY27 guidance excludes the spun-off business
Incident timeline — MOD: Data Centers-led growth lifted outlook, while spin-off taxes depressed reported earnings