Modine Manufacturing reaffirms FY25 guidance

“We are reaffirming our previously announced guidance for FY25, which would result in our third consecutive year of record results,” added Brinker. “Our outlook for the data center business remains strong, driven by both organic growth and the Scott Springfield acquisition. The investments we’ve made to expand our technology offerings, accelerate new product development, and add manufacturing capacity are all contributing to above-market growth. In the Performance Technologies segment, we have taken aggressive cost actions as vehicular end-markets remain challenged. We continue to believe that this, along with our 80/20 focus, will allow us to drive higher margins and earnings.”