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Modine Manufacturing (MOD) guidance and outlook
Modine Manufacturing (MOD) raised some and lowered other parts of its guidance on Nov 3, 2026: Revenue +50% to +55% for FY2027; EBITDA $470M–$500M for FY2027; EBITDA +50% for FY2027; Revenue $3.1B–$3.2B for FY2027. Modine Manufacturing's 10-Q filed Nov 4, 2026 makes 13 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2027 | +50% to +55% | raised |
| EBITDA | FY2027 | $470M–$500M | lowered |
| EBITDA | FY2027 | +50% | raised |
| Revenue | FY2027 | $3.1B–$3.2B | new |
| EBITDA | FY2027 | $470M–$500M | lowered |
| Interest expense | FY2027 | $26.0M–$30.0M | new |
| Depreciation & amortization | FY2027 | $56.0M–$61.0M | lowered |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- We estimate that additional costs directly related to the transaction during the second half of fiscal 2027 will total $20.0 million to $25.0 million.
- In the third quarter of fiscal 2027, we will derecognize SpinCo’s net assets against shareholders’ equity.
- As a result of this distribution, no gain or loss will be recognized in our consolidated statement of operations.
- We will report the Performance Technologies business as a discontinued operation starting with the third quarter of fiscal 2027.
- We recently announced that, subject to shareholder approval and the completion of other regulatory steps, we intend to change the name of our company to Modexus Solutions, Inc.
- Our common stock will continue to trade on the New York Stock Exchange under our current ticker symbol, “MOD.” As part of the spin-off transaction, Gentherm acquired the Modine brand, domains, and trademarks and the Performance Technologies business will continue to go to market as Modine.
- We will continue using the Modine brand in certain businesses (the Heat Transfer Solutions and HVAC Technologies businesses within our Commercial HVAC segment) under a license with Gentherm.
- We expect to sell the facility by the end of calendar 2026.
- We expect that income tax detriments related to non-deductible compensation during the remainder of fiscal 2027 will be higher than the comparable prior-year period and will largely offset the income tax benefits related to stock-based compensation awards recorded during the first quarter of fiscal 2027.
- As a result, we do not expect the tax benefits related to stock-based compensation will significantly impact our full-year fiscal 2027 effective tax rate.
- We expect the sale of this facility will close by the end of calendar 2026.
- We believe our sources of liquidity will provide sufficient cash flow to adequately cover our funding needs on both a short-term and long-term basis.
Modine Manufacturing's latest quarter
Modine Manufacturing, Q2 FY27: revenue $994M (+35% year over year), operating margin 9.8%, net earnings $30.3M, operating cash flow −$98.5M. The chart follows the revenue to costs, profit and cash.
Questions
Did Modine Manufacturing raise or lower its guidance?
Modine Manufacturing (MOD) raised some and lowered other parts of its guidance on Nov 3, 2026: Revenue +50% to +55% for FY2027; EBITDA $470M–$500M for FY2027; EBITDA +50% for FY2027; Revenue $3.1B–$3.2B for FY2027.
What does Modine Manufacturing expect?
We estimate that additional costs directly related to the transaction during the second half of fiscal 2027 will total $20.0 million to $25.0 million. In the third quarter of fiscal 2027, we will derecognize SpinCo’s net assets against shareholders’ equity. As a result of this distribution, no gain or loss will be recognized in our consolidated statement of operations.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.