Modine Manufacturing reports Q3 adjusted EPS 92c, consensus 79c

Reports Q3 revenue $616.8M, consensus $613.88M. “Our Q3 results were largely in line with our expectations and a continuation of the trends outlined last quarter, with strong data center sales leading the year-over-year revenue improvement,” said Modine President and CEO, Neil D. Brinker. “The Scott Springfield acquisition continues to perform exceptionally well, accelerating our growth and providing revenue synergies with numerous cross selling opportunities. This, along with strong organic data center growth, more than offset lower volumes in other areas of the business. Overall, I am pleased with our performance as we continue to grow and deliver strong results, while successfully managing through down cycles in many of Performance Technologies’ end markets.”