Filing Flows › Modine Manufacturing (MOD) › Q1 FY27 › vs Q1 FY26
Modine Manufacturing (MOD) Q1 FY27 vs Q1 FY26 (year over year)
Modine Manufacturing's revenue rose $191M (+28%) from $683M in Q1 FY26 to $874M in Q1 FY27. The biggest changes: Data Center Cooling Solutions +$165M (+90%); HVAC Technologies +$23.5M (+45%); Heat Transfer Solutions +$10.7M (+7%). Gross margin 20.8% against 24.2% (-3.4 pts).
Modine Manufacturing, Q1 FY27: revenue $874M (+28% year over year), operating margin 8.6%, net earnings $74.3M, operating cash flow $41.4M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 20.8% | 24.2% | -3.4 pts |
| Operating margin | 8.6% | 11.1% | -2.5 pts |
| Net margin | 8.5% | 7.6% | +0.9 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Data Center Cooling Solutions | $348M | $184M | $165M | +90% |
| Heat Transfer Solutions | $172M | $162M | $10.7M | +7% |
| On-highway applications | $170M | $179M | −$9.0M | -5% |
| Heavy-duty equipment | $108M | $106M | $1.3M | +1% |
| HVAC Technologies | $75.4M | $51.9M | $23.5M | +45% |
| Revenue | $874M | $683M | $191M | +28% |
| Gross profit | $182M | $165M | $16.6M | +10% |
| Cost of revenue | $692M | $517M | $175M | +34% |
| Operating profit | $74.8M | $75.7M | −$900K | -1% |
| Operating expenses | $107M | $89.7M | $17.5M | +20% |
| Pre-tax earnings | $68.6M | $65.7M | $2.9M | +4% |
| Other expense, net | $6.2M | $10.0M | −$3.8M | -38% |
| SG&A | $103M | $84.9M | $18.4M | +22% |
| Other operating costs | $3.9M | $4.8M | −$900K | -19% |
| Income tax benefit | $5.7M | −$14.0M | $19.7M | — |
| Net earnings | $74.3M | $51.7M | $22.6M | +44% |
| Depreciation & amortization | $20.7M | $19.0M | $1.7M | +9% |
| Share-based compensation | $8.0M | $5.3M | $2.7M | +51% |
| Working capital & other | $61.6M | $48.3M | $13.3M | +28% |
| Operating cash flow | $41.4M | $27.7M | $13.7M | +49% |
| Capital expenditures | $46.4M | $27.5M | $18.9M | +69% |
| Negative free cash flow (OCF − capex) | $5.0M | −$200K | $5.2M | — |
Questions
How much did Modine Manufacturing's revenue grow year over year in Q1 FY27?
Modine Manufacturing's revenue rose $191M (+28%) from $683M in Q1 FY26 to $874M in Q1 FY27.
What drove Modine Manufacturing's revenue change in Q1 FY27?
Data Center Cooling Solutions +$165M (+90%); HVAC Technologies +$23.5M (+45%); Heat Transfer Solutions +$10.7M (+7%).