Filing Flows › Modine Manufacturing (MOD) › Q3 FY26
Modine Manufacturing (MOD) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 5, 2026
Modine Manufacturing (MOD) reported revenue of $805M for the third quarter fiscal 2026 (Q3 FY26), +31% from a year earlier and +9% from the quarter before. Operating margin was 11.1%, net loss $46.8M (5.8% of revenue).
Modine Manufacturing, Q3 FY26: revenue $805M (+30% year over year), operating margin 11.1%, net loss $46.8M, operating cash flow $24.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $805M | +9% | +31% |
| Operating profit | $89.3M | +21% | — |
| Net earnings | −$46.8M | -204% | — |
| Operating cash flow | $24.7M | 18× | -59% |
What changed
Revenue was $805.0M in Q3 FY26, up 31% year over year and up 9% from the previous quarter. Data Centers was the largest line at 37% of revenue. Data Centers added $130.0M year over year (up 78%), 69% of the total change. Heavy-duty equipment declined 3%.
Gross margin was 23.1%, down 1.1 points from a year earlier. Operating profit was $89.3M, a 11.1% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 10% margin then. Operating expenses grew 7% against revenue growth of 31%. The quarter ended with a net loss of $46.8M, after a profit of $44.8M the previous quarter. Net interest and other expense of $127.8M was the main reason.
Operating cash flow was $24.7M (down 59% year over year). Non-cash charges added back $20.4M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $44.4M. Capital expenditures of $41.8M exceeded it, leaving free cash flow of −$17.1M.
Questions
What was Modine Manufacturing's revenue in the third quarter fiscal 2026?
Modine Manufacturing (MOD) reported revenue of $805M for the third quarter fiscal 2026 (Q3 FY26), +31% from a year earlier and +9% from the quarter before.
Was Modine Manufacturing profitable in the third quarter fiscal 2026?
Operating profit was $89.3M (11.1% of revenue) and net loss $46.8M.