Filing Flows › Modine Manufacturing (MOD) › Q1 FY27
Modine Manufacturing (MOD) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jul 30, 2026
Modine Manufacturing (MOD) reported revenue of $874M for the first quarter fiscal 2027 (Q1 FY27), +28% from a year earlier and -8% from the quarter before. Operating margin was 8.6%, net earnings $74.3M (8.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $874M | -8% | +28% |
| Gross profit | $182M | -15% | +10% |
| Operating profit | $74.8M | -28% | -1% |
| Net earnings | $74.3M | +1% | +44% |
| Operating cash flow | $41.4M | -79% | +49% |
What changed
Revenue was $874.1M in Q1 FY27, up 28% year over year and down 8% from the previous quarter. Data Center Cooling Solutions was the largest line at 40% of revenue. Data Center Cooling Solutions added $164.8M year over year (up 90%), 86% of the total change. On-highway applications declined 5%.
Gross margin was 20.8%, down 3.4 points from Q1 FY26. Operating profit was $74.8M, a 8.6% margin (down 2.5 points year over year). Operating profit fell $900K even though revenue rose $191.3M versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 20% against revenue growth of 28%. The fastest-growing cost line was SG&A (+22%). Net earnings were $73.9M, up 44% year over year. The effective tax rate was -8.3%.
Operating cash flow was $41.4M (up 49% year over year), 56% of net earnings. Non-cash charges added back $20.7M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items used $61.6M. Capital expenditures of $46.4M exceeded it, leaving free cash flow of −$5.0M.
Questions
What was Modine Manufacturing's revenue in the first quarter fiscal 2027?
Modine Manufacturing (MOD) reported revenue of $874M for the first quarter fiscal 2027 (Q1 FY27), +28% from a year earlier and -8% from the quarter before.
Was Modine Manufacturing profitable in the first quarter fiscal 2027?
Operating profit was $74.8M (8.6% of revenue) and net earnings $74.3M.