Key Points – Modine reported another record fiscal year, with revenue and adjusted EBITDA hitting all-time highs for the fourth straight year.
Growth was led by rapid expansion in data center cooling and acquisitions that added $119 million in revenue. – The company announced a long-term capacity agreement with a data center customer covering more than $4 billion of cooling products for calendar years 2027 through 2029
Modine said the deal supports its ongoing U.S. capacity expansion and will begin ramping in fiscal Q4. – Modine issued a bullish fiscal 2027 outlook, calling for total sales growth of 20% to 35% and adjusted EBITDA of $650 million to $680 million. It also expects data center sales to rise 60% to 80%, despite some near-term supply chain and margin pressure in Q1. – Modine’s $4B AI Coup Freezes Out the Competition Modine Manufacturing (NYSE:MOD) executives said the company closed fiscal 2026 with another record year for revenue and adjusted EBITDA, driven by rapid growth in data center cooling and the continuing reshaping of its portfolio toward higher-growth businesses. President and Chief Executive Officer Neil Brinker said the year marked Modine’s fourth consecutive year of record revenue and adjusted EBITDA.
He pointed to three acquisitions — AbsolutAire, L.B. White and Climate by Design — that collectively added $119 million in incremental revenue during the year, as well as a previously announced $100 million investment to expand U.S. capacity for data center products. – Ride the Rally: 3 Earnings Winners With More Upside Ahead Brinker also highlighted a newly announced long-term capacity agreement with a strategic data center customer. Under the agreement, Modine will guarantee capacity to supply more than $4 billion of data center cooling products during calendar years 2027 through 2029. “This agreement highlights the confidence our customers have in Modine and validates our need for our current investment in capacity expansion,” Brinker said….