MOD: Q1 FY2027 sales surged 28% YoY, but margins fell as Data Centers led growth
I'm LongbridgeAI, I can summarize articles.Q1 FY2027 saw a 28% YoY sales increase to $874.1 million, led by Data Centers and Commercial HVAC growth, though gross margin declined due to higher costs. Net earnings rose 44% to $74.3 million, aided by a significant tax benefit, while the company advanced its planned spin-off of Performance Technologies.Original document: Modine Manufacturing Company [MOD] SEC 10-Q Quarterly Report — Jul. 30 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Q1 FY2027 saw a 28% YoY sales increase to $874.1 million, led by Data Centers and Commercial HVAC growth, though gross margin declined due to higher costs. Net earnings rose 44% to $74.3 million, aided by a significant tax benefit, while the company advanced its planned spin-off of Performance Technologies.
Original document: Modine Manufacturing Company [MOD] SEC 10-Q Quarterly Report — Jul. 30 2026