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Modine Manufacturing’s Strong Q2 Boosted by Acquisitions
Company Announcements

Modine Manufacturing’s Strong Q2 Boosted by Acquisitions

Modine Manufacturing ( (MOD) ) has realeased its Q2 earnings. Here is a breakdown of the information Modine Manufacturing presented to its investors.

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Modine Manufacturing is a global leader in thermal management solutions that focuses on improving air quality and conserving resources. The company operates in the Climate Solutions and Performance Technologies segments, providing innovative solutions for cleaner, healthier environments worldwide.

For the second quarter of fiscal 2025, Modine reported strong financial results driven by strategic acquisitions and sustained growth in the data center market. The company achieved a 6% increase in net sales to $658 million compared to the previous year, with adjusted EBITDA rising 23% to $99.8 million.

Key financial highlights include a 15% increase in operating income to $75.3 million and a 9% rise in adjusted earnings per share to $0.97. The Climate Solutions segment saw a 27% increase in sales, largely due to the acquisition of Scott Springfield Manufacturing, while the Performance Technologies segment experienced a decline in sales due to market-related factors affecting automotive and commercial vehicle customers.

Despite a decrease in free cash flow and net cash provided by operating activities compared to the prior year, Modine’s focus on strategic growth and operational efficiency has positioned it well for future success. The company continues to expand its data center business and improve its product offerings and manufacturing capabilities.

Looking ahead, Modine remains optimistic about its growth prospects, particularly in the data center sector. The company plans to maintain its guidance ranges and aims to achieve another record year of revenue and earnings, supported by strategic initiatives and an enhanced business mix.

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