---
title: "Modine Manufacturing | 8-K: FY2027 Q1 Revenue Misses Estimate at USD 874.1 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294262875.md"
datetime: "2026-07-29T21:09:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294262875.md)
  - [en](https://longbridge.com/en/news/294262875.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294262875.md)
---

# Modine Manufacturing | 8-K: FY2027 Q1 Revenue Misses Estimate at USD 874.1 M

Revenue: As of FY2027 Q1, the actual value is USD 874.1 M, missing the estimate of USD 878.69 M.

EPS: As of FY2027 Q1, the actual value is USD 1.37, beating the estimate of USD 1.1747.

EBIT: As of FY2027 Q1, the actual value is USD 75 M.

### Overall Company Financial Review

#### Net Sales

Modine Manufacturing Company reported net sales of $874.1 million for Q1 FY27, an increase from $682.8 million in Q1 FY26.

#### Gross Profit

Gross profit for Q1 FY27 was $182.0 million, up from $165.4 million in Q1 FY26. Gross profit as a percentage of net sales was 20.8% in Q1 FY27, compared to 24.2% in Q1 FY26.

#### SG&A Expenses

SG&A expenses were $103.3 million in Q1 FY27, compared to $84.9 million in Q1 FY26. As a percentage of net sales, SG&A expenses were 11.8% in Q1 FY27, down from 12.4% in Q1 FY26.

#### Operating Income

Operating income was $74.8 million in Q1 FY27, a slight decrease from $75.7 million in Q1 FY26. Operating income as a percentage of net sales was 8.6% in Q1 FY27, down from 11.1% in Q1 FY26.

#### Adjusted EBITDA

Adjusted EBITDA increased to $106.5 million in Q1 FY27 from $101.4 million in Q1 FY26. Adjusted EBITDA as a percentage of net sales was 12.2% in Q1 FY27, compared to 14.9% in Q1 FY26.

### Segment Performance (Q1 FY27 vs. Q1 FY26)

#### Data Centers Segment

Net sales for the Data Centers segment increased 112% to $348.6 million in Q1 FY27 from $183.7 million in Q1 FY26. Adjusted EBITDA for this segment grew 27% to $51.7 million in Q1 FY27 from $40.6 million in Q1 FY26. Adjusted EBITDA margin was 14.8% in Q1 FY27, down from 22.1% in Q1 FY26.

#### Commercial HVAC Segment

Net sales for the Commercial HVAC segment increased 22% to $261.6 million in Q1 FY27 from $214.2 million in Q1 FY26. Adjusted EBITDA for this segment was $41.6 million in Q1 FY27, up from $38.8 million in Q1 FY26. Adjusted EBITDA margin was 15.9% in Q1 FY27, down from 18.1% in Q1 FY26.

#### Performance Technologies Segment

Net sales for the Performance Technologies segment slightly decreased by 5% to $277.8 million in Q1 FY27 from $285.5 million in Q1 FY26. Adjusted EBITDA for this segment was $36.2 million in Q1 FY27, down from $37.5 million in Q1 FY26. Adjusted EBITDA margin was 13.0% in Q1 FY27, a slight decrease from 13.1% in Q1 FY26.

### Cash Flow and Metrics (Q1 FY27)

#### Free Cash Flow

Free cash flow was - $5 million for Q1 FY27.

#### Net Debt and Leverage Ratio

Net debt as of June 30 was $433 million, with a leverage ratio of 0.9x.

#### Capital Expenditures

Capital expenditures for Q1 FY27 were $46 million.

### Fiscal 2027 Outlook

Modine Manufacturing Company reaffirms its revenue and earnings outlook for fiscal year 2027, anticipating net sales growth of 20% to 35%, reaching $3.82 billion to $4.29 billion. Adjusted EBITDA is projected to grow 38% to 44%, totaling $650 million to $680 million, with all three segments expected to contribute to margin increases. The company forecasts free cash flow to be 4% to 6% as a percentage of net sales, with capital expenditures estimated between $150 million and $200 million.

### Related Stocks

- [MOD.US](https://longbridge.com/en/quote/MOD.US.md)

## Related News & Research

- [Modine Manufacturing (NYSE:MOD) Issues Earnings Results](https://longbridge.com/en/news/294267593.md)
- [Modine Q1 revenue rises on data centers, commercial HVAC strength](https://longbridge.com/en/news/294258790.md)
- [Modine Publishes 2026 Sustainability Report | MOD Stock News](https://longbridge.com/en/news/294119057.md)
- [MOD: Strong sales and earnings growth driven by Data Centers, with outlook reaffirmed for fiscal 2027](https://longbridge.com/en/news/294263871.md)
- [MOD: Data Center and Commercial HVAC segments drove 28% sales growth, with robust outlook maintained](https://longbridge.com/en/news/294396109.md)