Modine Manufacturing Co Reports Q3 2026 Earnings: Robust Growth in Climate Solutions, Strategic Transaction Announced

Modine Manufacturing Co reported Q3 2026 earnings with Performance Technologies revenue up 1% and Climate Solutions revenue growth at 51%. Climate Solutions adjusted EBITDA margin improved to 17.9% and total company sales growth increased by 31%. Adjusted EBITDA improved by 37% and adjusted EPS increased by 29% to $1.19. The company raised its fiscal '26 revenue growth outlook to 20%-25% and adjusted EBITDA outlook to $455-$475 million. However, free cash flow was negative $17 million and net debt increased by $238 million compared to the prior fiscal year.