Modine Manufacturing Company · NYSE:MOD
Modine Manufacturing — Q4 2026 Earnings Presentation
19 slides from Modine Manufacturing's earnings presentation, May 27, 2026
Slide 1: Fourth Quarter Fiscal 2026
Fourth Quarter Fiscal 2026 May 27, 2026
Slide 2: Presenters
NEIL BRINKER President and Chief Executive Officer MICK LUCARELI Executive Vice President and Chief Financial Officer KATHY POWERS Vice President, Treasurer, and Investor Relations 2
Slide 3: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements, including information about future financial performance and market conditions, accompanied by phrases such as “believes,” “estimates,” “expects,” “plans,” “anticipates,” “intends,” “projects,” and other similar “forward-looking” stat
Slide 4: Opening Comments
Opening Comments (In millions) Net Sales ▪ Fourth consecutive record year of revenue and adjusted EBITDA, $3,181.1 including strong fourth quarter performance $2,583.5 ▪ Significantly advanced our strategic transformation, accelerating the evolution of our portfolio to become a higher margin and hig
Slide 5: Climate Solutions
Climate Solutions (In millions) Net Sales ▪ Delivered 43% revenue growth in FY26, organic growth of 32%, including a 73% increase in Data $2,062.3 Centers ▪ Data Centers revenue exceeded $400 million in Q4, despite losing 20 shifts due to severe weather $1,440.8 ▪ Ended the year with second consecut
Slide 6: Performance Technologies
Performance Technologies (In millions) Net Sales ▪ Making excellent progress on preparing for the planned spin-off and merger with $1,163.5 $1,131.8 Gentherm; expect to close the transaction before the end of the calendar year ▪ Adjusted EBITDA margin increased 30 bps to 13.8% in fiscal 2026 – Margi
Slide 7: Climate Solutions
Climate Solutions (In millions) Net Sales $665.9 158% Data Centers ▪ Strong annual and sequential growth driven by capacity expansion in North America 51% HVAC Technologies $356.3 ▪ Acquisitions contributed $38M, slightly offset by lower heating and indoor air quality product sales 19% Heat Transfer
Slide 8: Performance Technologies
Performance Technologies (In millions) Net Sales -5% Heavy-Duty Equipment $294.8 $294.0 ▪ Primarily driven by lower GenSet revenue (0%) 4% On-Highway Applications ▪ Higher sales to automotive and commercial vehicle customers Q4 FY25 Q4 FY26 Adjusted EBITDA & EBITDA Margin* ▪ Slightly lower revenue;
Slide 9: Financial Review
Financial Review (In millions) Net Sales Adjusted EBITDA & (In millions) Q4 FY26 Q4FY25 $954.4 EBITDA Margin* $146.1 Net Sales $954.4 $647.2 Gross Profit 214.7 166.0 $647.2 $104.1 % of net sales 22.5% 25.7% 16.1% 15.3% SG&A expenses 101.7 81.5 % of net sales 10.7% 12.6% Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY
Slide 10: Cash Flow and Metrics
Cash Flow and Metrics Cash Flow and Metrics FY26 Free Cash Flow $105 million Net Debt (as of March 31) $363 million Leverage Ratio (as of March 31) 0.8x Capital Expenditures $143 million Modine Maintains Strong Balance Sheet & Liquidity ▪ $153 million of free cash flow in the quarter; driven by a da
Slide 11: Fiscal 2027 Outlook
Fiscal 2027 Outlook Metrics Guidance Comments FY27 Segment Sales Outlook Net Sales +20% to +35% $3.82B to $4.29B Data Centers +60% to +80% Adjusted EBITDA* $650M to $680M +38% to +44% Commercial HVAC +5% to +10% Performance Technologies Flat to +5% Introducing our Revenue and Earnings Outlook ▪ Begi
Slide 12: Appendix
MODINE Appendix
Slide 13: GAAP Income Statement
GAAP Income Statement Modine Manufacturing Company Consolidated statements of operations (unaudited) (In millions, except per share amounts) Net sales Cost of sales Gross profit Selling, general & administrative expenses Operating income Interest expense Pension termination charge Other income (expe
Slide 14: Non-GAAP Reconciliations
Non-GAAP Reconciliations* * See the footnotes on slide 15 for additional information regarding these adjustments. 14
Slide 15: Non-GAAP Reconciliations
Non-GAAP Reconciliations 15
Slide 16: Non-GAAP Reconciliations
Non-GAAP Reconciliations (a) See the adjusted financial results on slide 14 and related footnotes on slide 15 for additional information regarding these adjustments. 16
Slide 17: Non-GAAP Reconciliations
Non-GAAP Reconciliations 17
Slide 18: Non-GAAP Reconciliations
Non-GAAP Reconciliations 18
Slide 19: Forward-Looking Non-GAAP Financial Measures
Forward-Looking Non-GAAP Financial Measures The Company’s fiscal 2027 guidance includes adjusted EBITDA and free cash flow, which are non-GAAP financial measures. The fiscal 2027 guidance for adjusted EBITDA includes the Company’s estimates for interest expense of approximately $15 to $18 million, a
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