Filing Flows › Modine Manufacturing (MOD) › Q2 FY27
Modine Manufacturing (MOD) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 4, 2026
Modine Manufacturing (MOD) reported revenue of $994M for the second quarter fiscal 2027 (Q2 FY27), +35% from a year earlier and +14% from the quarter before. Operating margin was 9.8%, net earnings $30.3M (3.0% of revenue).
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.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $994M | +14% | +35% |
| Gross profit | $205M | +13% | +25% |
| Operating profit | $97.8M | +31% | +33% |
| Net earnings | $30.3M | -59% | -32% |
| Operating cash flow | −$98.5M | -338% | -7136% |
What changed
Revenue was $994.4M in Q2 FY27, up 35% year over year and up 14% from the previous quarter. Data Centers was the largest line at 44% of revenue. Data Centers added $213.3M year over year (up 95%), 83% of the total change.
Gross margin was 20.7%, down 1.7 points from Q2 FY26. Operating profit was $97.8M, a 9.8% margin (down 0.1 points year over year). Of the extra revenue versus Q2 FY26, 10% reached operating profit, below the 10% margin then. Operating expenses grew 18% against revenue growth of 35%. The fastest-growing cost line was SG&A (+24%). Net earnings were $30.0M, down 32% year over year. The effective tax rate was 65.6%.
Operating cash flow was −$98.5M. Non-cash charges added back $21.3M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items used $154.8M. Capital expenditures of $42.1M exceeded it, leaving free cash flow of −$140.6M.
Questions
What was Modine Manufacturing's revenue in the second quarter fiscal 2027?
Modine Manufacturing (MOD) reported revenue of $994M for the second quarter fiscal 2027 (Q2 FY27), +35% from a year earlier and +14% from the quarter before.
Was Modine Manufacturing profitable in the second quarter fiscal 2027?
Operating profit was $97.8M (9.8% of revenue) and net earnings $30.3M.