Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Modine Manufacturing Company (MOD)
NYSE:MOD
Holding MOD?
Track your performance easily
Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.79Last Year’s EPS
$0.74Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -9.43%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a positive sentiment, showcasing significant growth, particularly in the data center business and successful product launches. Expansion plans and robust financial performance further emphasized the company's strength. However, challenges in Performance Technologies and heat transfer product sales were noted.Company Guidance
During Modine's Q2 2025 earnings call, the company outlined its strategic and financial guidance, highlighting several key metrics and projections. Modine introduced new three-year financial targets, expecting compound annual revenue growth of 10% to 13% from the fiscal '24 base and adjusted EBITDA margins in the range of 16% to 18% by fiscal '27. The company also reported a 47% improvement in adjusted EBITDA for the Climate Solutions segment, with margins above 21% and data center sales growing by 102% year-over-year. Modine's total company sales increased by 6%, with a gross margin improvement of 340 basis points to 25.2%, and adjusted EBITDA rising by 23% to a margin of 15.2%. For fiscal '25, the company maintained its outlook for adjusted EBITDA in the range of $375 million to $395 million, and adjusted EPS in the range of $3.65 to $3.95, with a projected effective tax rate of 26% to 28%. Additionally, Modine expects free cash flow for the year to be in line with or above the prior fiscal year.Outstanding Growth in Data Center Business
The Climate Solutions segment experienced a 102% growth in data center sales, with revenues more than doubling compared to the prior year. This growth was driven by both organic growth and the Scott Springfield acquisition.
Successful Product Launches
Official launch of the 1-megawatt cooling distribution unit (CDU) for high-density cooling applications, with strong interest from colocation and hyperscaler customers. First shipments expected in the fourth fiscal quarter.
Strong Financial Performance
Climate Solutions posted a 47% improvement in adjusted EBITDA and a margin above 21%. The company achieved a gross margin improvement of 340 basis points to 25.2%.
Positive Free Cash Flow
Generated $44 million of free cash flow in the second quarter, with year-to-date free cash flow of $58 million, on track with the full year outlook.
Global Expansion
Expansion of production capacity in the UK, Calgary, and a new facility in Chennai, India, to support data center products and GenSet production.
---
MOD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MOD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $130.31 | $120.89 | -7.23% |
| Jul 30, 2024 | $98.92 | $117.66 | +18.94% |
| May 21, 2024 | $101.47 | $96.75 | -4.65% |
| Jan 30, 2024 | $66.78 | $69.09 | +3.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Modine Manufacturing Company (MOD) report earnings?
Modine Manufacturing Company (MOD) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Modine Manufacturing Company (MOD) earnings time?
Modine Manufacturing Company (MOD) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MOD EPS forecast?
MOD EPS forecast for the fiscal quarter 2025 (Q3) is $0.79.
---