What is Modine Manufacturing's latest dividend and current dividend yield?

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What were the key takeaways from Modine Manufacturing’s earnings call?

What is the revenue and EPS growth rate for Modine Manufacturing year over year?

What factors drove the changes in Modine Manufacturing's revenue and profit?

What does Modine Manufacturing do and what are its main business segments?

Did Modine Manufacturing beat or miss consensus estimates last quarter?

- **Data Center Growth Acceleration**: FY26 data center revenue expected to grow +60%, with $2+ billion target by FY28. 5 new U.S. chiller lines coming online in Q4.
- **Margin Recovery Path**: Q3 margin improvement (down 225bps) leading to normalized Q4 margins. Incremental margins ~30% once at scale.
- **Climate Solutions Expansion**: 24% segment growth driven by 3 acquisitions and modular data center launches. 1,200 new hires for production ramp-up.
- **Performance Tech Resilience**: -4% revenue but +3% EBITDA despite market weakness, with 14.7% margin and $7M SG&A savings.
- **Global Capacity Buildout**: New facilities in India, U.K., and Middle East to support APAC, Europe, and hyperscale customer demand.

**【CEO Summary Section】**
- **Data Center Expansion Acceleration**: Launched 2 chiller lines in Grenada, Mississippi, with 5 lines planned by end of fiscal year. Franklin, Wisconsin, and Dallas, Texas, facilities are on track for Q4 production ramp-up. 
- **Climate Solutions Growth**: 24% revenue increase driven by 42% data center sales growth and 3 acquisitions (AbsolutAire, L.B. White, Climate by Design). Organic sales up 15%.
- **Challenges and Investments**: Hired 1,200 employees for data center expansion, causing temporary margin erosion. Q3 margin improvement expected, with significant revenue jump in Q4.
- **Long-Term Vision**: Targeting over $2 billion in data center revenue by FY28, with modular data centers and liquid cooling solutions as growth drivers.

**【CFO Financial Commentary】**
- **Revenue and Profitability**: Total company sales up 12% to $1.2 billion. Climate Solutions segment revenue grew 24%, while Performance Technologies (PT) revenue declined 4% but EBITDA margin improved 90bps to 14.7%.
- **Margin Dynamics**: Climate Solutions EBITDA margin contracted due to $10-12 million in incremental costs for capacity expansion. PT margin improvement driven by cost reductions and operational efficiency.
- **Cash Flow and Leverage**: Free cash flow negative $30 million in Q2 due to inventory builds and CapEx. Leverage ratio at 1.2, expected to decline by year-end. 
- **FY26 Outlook**: Raised revenue guidance to 15-20% growth, with Climate Solutions up 35-40% (data center +60%). Adjusted EBITDA target $440-470 million.

**【Q&A Highlights】**
- **Margin Normalization**: Sequential margin improvement expected in Q3 (down 225-250bps due to launch costs) and Q4 (normalized levels). Incremental margins for data center products ~30% once at scale.
- **Customer Demand**: Over 60% data center revenue growth in FY26, with hyperscalers and neocloud providers driving demand. Modular data centers and liquid cooling solutions gaining traction.
- **PT Segment**: Flat to -7% revenue outlook for FY26, with focus on cost control and margin improvement despite weak end markets. Divestiture process ongoing but no updates provided.
- **Global Expansion**: New facilities in India and U.K. to support APAC and European growth. Middle East projects being serviced through existing capacity.


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