Filing Flows › Modine Manufacturing (MOD) › Q1 FY26
Modine Manufacturing (MOD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jul 31, 2025
Modine Manufacturing (MOD) reported revenue of $683M for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and +6% from the quarter before. Operating margin was 11.1%, net earnings $51.7M (7.6% of revenue).
Modine Manufacturing, Q1 FY26: revenue $683M (+3% year over year), operating margin 11.1%, net earnings $51.7M, operating cash flow $27.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $683M | +6% | +3% |
| Gross profit | $165M | -0.4% | +2% |
| Operating profit | $75.7M | +2% | +2% |
| Net earnings | $51.7M | +3% | +8% |
| Operating cash flow | $27.7M | -49% | -32% |
| Free cash flow | $200K | — | -99% |
What changed
Revenue was $682.8M in Q1 FY26, up 3% year over year and up 6% from the previous quarter. Data Centers was the largest line at 27% of revenue. Data Centers added $24.3M year over year (up 15%), 114% of the total change. On-highway applications declined 8%.
Gross margin was 24.2%, down 0.4 points from a year earlier. Operating profit was $75.7M, a 11.1% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 11% margin then. Operating expenses grew 2% against revenue growth of 3%. Net earnings were $51.2M, up 8% year over year. The effective tax rate was 21.3%.
Operating cash flow was $27.7M (down 32% year over year), 54% of net earnings. Non-cash charges added back $19.0M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items used $48.3M. After expenditures for property, plant and equipment ($27.5M), free cash flow as the company reports it was $200K.
Questions
What was Modine Manufacturing's revenue in the first quarter fiscal 2026?
Modine Manufacturing (MOD) reported revenue of $683M for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and +6% from the quarter before.
Was Modine Manufacturing profitable in the first quarter fiscal 2026?
Operating profit was $75.7M (11.1% of revenue) and net earnings $51.7M.