Modine Manufacturing Company, a leader in thermal management technology, released its financial results for the fourth quarter and fiscal year ended March 31, 2025. The company reported a 7% increase in fourth-quarter net sales, reaching $647.2 million, compared to $603.5 million in the prior year. Net earnings for the fourth quarter rose significantly by 92% to $50.1 million, while adjusted EBITDA increased by 32% to $104.1 million. Earnings per share for the quarter rose to $0.92, marking a 92% increase from the prior year. For the full fiscal year 2025, Modine achieved record net sales of $2.6 billion, a 7% increase from the previous year. The company also reported record net earnings of $185.5 million, up 14% from the prior year, and adjusted EBITDA of $392.1 million, a 25% increase. Earnings per share for the year rose to $3.42, a 13% increase. Looking ahead, Modine provided its fiscal 2026 outlook with expected net sales growth between 2% to 10%. The company anticipates adjusted EBITDA ranging from $420 million to $450 million, indicating growth between 7% and 15%. Modine's President and CEO, Neil D. Brinker, highlighted the success of the company's 80/20 transformation strategy, which has enabled strong performance despite challenges in the vehicular markets. The transformation has particularly benefited their data center business, which has experienced above-market growth.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.