MODINE MANUFACTURING COMODEarnings & Financial Report
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
Revenue
$738.9M
Gross Profit
$164.9M
Operating Profit
$73.5M
Net Profit
$44.4M
Gross Margin
22.3%
Operating Margin
9.9%
Net Margin
6.0%
YoY Growth
12.3%
EPS
$0.83
Financial Flow
MODINE MANUFACTURING CO Q2 2026 Financial Summary
MODINE MANUFACTURING CO reported revenue of $738.9M (up 12.3% YoY) for Q2 2026, with a net profit of $44.4M (down 3.7% YoY) (6.0% margin). Cost of goods sold was $574.0M, operating expenses totaled $91.4M.
Key Financial Metrics
| Total Revenue | $738.9M |
|---|---|
| Net Profit | $44.4M |
| Gross Margin | 22.3% |
| Operating Margin | 9.9% |
| Report Period | Q2 2026 |
Revenue Breakdown
MODINE MANUFACTURING CO Q2 2026 revenue of $738.9M breaks down across 7 segments, led by Performance Technologies at $286.3M (38.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Performance Technologies | $286.3M | 38.7% |
| Liquid Cooled | $182.6M | 24.7% |
| Heat Transfer Solutions | $141.2M | 19.1% |
| Air Cooled | $102.2M | 13.8% |
| Lb White | $15.9M | 2.2% |
| Climate By Design | $7.3M | 1.0% |
| Absolutaire | $4.9M | 0.7% |
MODINE MANUFACTURING CO Revenue by Segment — Quarterly Trend
MODINE MANUFACTURING CO revenue by segment across the last 4 reported quarters, showing how each business line (such as Performance Technologies and Liquid Cooled) has evolved quarter over quarter.
| Segment | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 |
|---|---|---|---|---|
| Performance Technologies | $266.0M | $286.3M | — | — |
| Liquid Cooled | — | $182.6M | $179.2M | $110.1M |
| Heat Transfer Solutions | — | $141.2M | $143.2M | — |
| Air Cooled | $92.4M | $102.2M | $106.3M | $151.3M |
| Lb White | $25.6M | $15.9M | — | — |
MODINE MANUFACTURING CO Annual Revenue by Year
MODINE MANUFACTURING CO annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.6B |
| 2024 | $2.4B |
| 2023 | $2.3B |
| 2022 | $2.1B |
MODINE MANUFACTURING CO Quarterly Revenue & Net Profit History
MODINE MANUFACTURING CO results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2026 | $805.0M | +30.5% | $-47.4M | -5.9% |
| Q2 2026 | $738.9M | +12.3% | $44.4M | 6.0% |
| Q1 2026 | $682.8M | +3.2% | $51.2M | 7.5% |
| Q4 2025 | $647.2M | +7.2% | $49.6M | 7.7% |
| Q3 2025 | $616.8M | +9.9% | $41.0M | 6.6% |
| Q2 2025 | $658.0M | +6.0% | $46.1M | 7.0% |
| Q1 2025 | $661.5M | +6.3% | $47.3M | 7.2% |
| Q4 2024 | $603.5M | -2.4% | $25.8M | 4.3% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $603.5M | $661.5M | $658.0M | $616.8M | $647.2M | $682.8M | $738.9M | $805.0M |
| YoY Growth | -2.4% | 6.3% | 6.0% | 9.9% | 7.2% | 3.2% | 12.3% | 30.5% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.85B | $1.87B | $1.92B | $1.83B | $1.92B | $2.23B | $2.39B | $2.48B |
| Liabilities | $1.10B | $1.07B | $1.05B | $966.6M | $999.4M | $1.21B | $1.32B | $1.35B |
| Equity | $747.6M | $788.4M | $858.8M | $855.1M | $910.2M | $1.01B | $1.05B | $1.12B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $39.6M | $40.5M | $57.3M | $60.7M | $54.8M | $27.7M | $1.4M | $24.7M |