NYSE$MOD

Modine Manufacturing Company · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Second quarter fiscal 2025 results were reported, driven by strategic acquisitions and organic data center growth.

Modine reported a 6% increase in net sales to $658.0 million compared to the prior year, with organic sales increasing by 1%. Operating income increased by 15% to $75.3 million, and adjusted earnings per share increased by 9% to $0.97. The strong performance was attributed to continued momentum in key end markets, particularly data centers, and the impact of the Scott Springfield acquisition.

  • Net sales increased 6 percent from the prior year to $658.0 million.
  • Operating income increased 15 percent from the prior year to $75.3 million.
  • Adjusted EBITDA increased $18.6 million, or 23 percent, from the prior year to $99.8 million.
  • Adjusted earnings per share of $0.97 increased $0.08, or 9 percent, from the prior year.

Headline financials

Total Revenue

$658M

Previous: $621M+6.0%
EPS

$0.86

Previous: $0.89-3.4%
Gross Margin

25.2%

Previous: 21.8%+15.6%
SG&A Expenses

$85.8M

No prior period
Adjusted EBITDA

$99.8M

Previous: $81.2M+22.9%
Adjusted EBITDA Margin

15.2%

No prior period
Capital Expenditures

-$40.3M

Previous: -$26.2M-53.8%
Free Cash Flow

$57.5M

Previous: $84.6M-32.0%
Net Income

$46.1M

Previous: $46.5M-0.9%
Operating Income

$75.3M

Previous: $65.7M+14.6%
Gross Profit

$166M

Previous: $135M+22.6%
Cash & Equivalents

$78.6M

Previous: $120M-34.6%
Total Assets

$1.92B

Previous: $1.61B+19.3%
Stock-Based Comp

$5.6M

Previous: $3.1M+80.6%

Revenue & EPS history

Modine · Revenue · Quarterly

$658M

Q2 2025+6%vs Q2 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Modine · $960M total across 2 segments · Q4 2026

  • Climate Solutions
    $666M
  • Performance Technologies
    $294M

Forward guidance

Modine anticipates ongoing weakness in vehicular markets and is holding its current guidance ranges, as the company works towards delivering another record year of revenue and earnings.

Tailwinds

  • Data center business outlook continues to improve.
  • Strong organic growth in data center business.
  • Strategic actions taken over the past year, including the acquisition of Scott Springfield, are driving improvements.
  • Gaining share with both colocation and hyperscale customers.
  • Expanding product offering and manufacturing capacity to meet market demand.

Headwinds

  • Anticipates ongoing weakness in vehicular markets.
  • Focusing on further advancing 80/20 initiatives.
  • Improving business mix in Performance Technologies segment.
  • Holding current guidance ranges.
  • Working towards delivering another record year of revenue and earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+2.8%

Avg return

Earnings day

+4.9%

Avg return

5 days after

+6.5%

Avg return

30 days after

63%

40 / 64 earnings

Positive

+41.1%

Q2 2021

Best reaction

-39.9%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026+2.9%+10.1%-6.1%
Q2 2026-4.3%-5.6%+0.1%
Q1 2026+18.7%+23.7%+19.8%
Q4 2025-11.4%-14.9%-8.4%
Q3 2025+7.3%+0.3%-18.0%
Q2 2025-7.8%-14.8%+1.8%
Q1 2025+15.0%-3.4%+13.3%
Q4 2024-5.5%+1.3%-8.3%
Q3 2024+4.7%+6.9%+35.9%
Q2 2024+2.2%+3.1%+31.1%
Q1 2024+13.6%+16.1%+28.6%
Q4 2023+18.3%+32.9%+53.0%
Q3 2023-5.1%-1.0%+11.1%
Q2 2023+3.7%+14.0%+16.7%
Q1 2023+9.8%+18.3%+11.8%
Q4 2022+26.6%+31.4%+29.6%
Q3 2022+14.2%+8.2%-0.3%
Q2 2022-0.7%-0.2%-4.8%
Q1 2022-17.2%-15.5%-26.9%
Q4 2021+0.9%+8.4%+1.0%
Q3 2021+2.7%+7.4%+11.5%
Q2 2021+41.1%+51.8%+77.7%
Q1 2021+19.6%+20.7%+18.7%
Q4 2020-1.7%+0.6%-9.0%
Q3 2020+23.8%+9.8%-14.0%
Q2 2020-39.9%-34.5%-39.3%
Q1 2020-26.4%-21.4%-26.9%
Q4 2019+3.5%+8.0%+5.0%
Q3 2019+9.0%+6.7%+7.4%
Q2 2019+11.2%+17.5%+12.9%
Q1 2019+0.3%+1.4%-3.4%
Q4 2018+4.9%-2.2%+3.3%
Q3 2018+0.4%+4.7%-4.1%
Q2 2018+10.4%+13.8%+10.9%
Q1 2018+3.1%+5.8%-0.6%
Q4 2017+20.9%+19.7%+27.6%
Q3 2017-10.0%-13.0%-14.5%
Q2 2017-12.3%-15.1%+21.0%
Q1 2017-0.7%+2.7%+14.6%
Q4 2016-2.6%-6.8%-18.5%
Q3 2016+16.3%
Q2 2016+1.7%
Q1 2016-2.2%
Q4 2015-6.5%
Q3 2015-0.4%
Q2 2015+3.1%
Q1 2015-2.6%
Q4 2014-3.4%
Q3 2014+11.1%
Q2 2014+1.9%
Q1 2014+25.6%
Q4 2013+8.5%
Q3 2013+2.0%
Q2 2013+0.1%
Q1 2013+0.3%
Q4 2010+6.4%
Q4 2012-11.6%
Q3 2012+1.1%
Q3 2011+1.1%
Q2 2012+5.1%
Q4 2011-5.7%
Q1 2011-5.7%
Q1 2012-5.7%
Q2 2011-5.7%

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