Modine Posts $30 Million Fiscal Q2 Profit

The Racine, Wisconsin-based manufacturer reported adjusted earnings below analyst expectations while revenue topped forecasts.

Updated on Nov. 3, 2026 in Corporate Finance

Modine Posts $30 Million Fiscal Q2 Profit

Modine Manufacturing Co. reported a fiscal second-quarter profit of $30 million, or 56 cents per share, on revenue of $994.4 million. Adjusted earnings of $1.35 per share fell short of the average analyst estimate of $1.55, while revenue beat the $974.6 million forecast.

Why it matters

The mixed results, with revenue ahead of expectations but adjusted earnings behind, show how the company's margins are being tested even as sales hold up. Investors in the Racine-based manufacturer will be watching whether profitability recovers in the second half of the fiscal year.

Modine's quarterly revenue of $994.4 million beat the $974.6 million analyst estimate, but adjusted earnings of $1.35 per share trailed the $1.55 consensus. The filing does not detail which costs drove the gap between reported and adjusted profit.

The players

Modine Manufacturing Co.

A thermal management company headquartered in Racine, Wisconsin, known for supplying heat-transfer products for vehicles, data centers and other industrial markets.

The details

Modine reported fiscal second-quarter profit of $30 million, or 56 cents per share, with earnings adjusted for pretax expenses and non-recurring costs. The company also projected full-year revenue in the range of $3.1 billion to $3.2 billion.

Tuesday, November 3, 2026: Modine reports fiscal second-quarter earnings.

Market Landscape

Modine's revenue beat and earnings miss relative to Wall Street consensus show a company growing sales faster than it is converting them into adjusted profit. The gap points to margin pressure that competitors in the thermal management sector are also navigating.

For Racine-area residents who hold Modine shares or work for the company, the results signal that near-term profitability is under pressure even as demand holds. Investors should weigh the revenue beat against the adjusted earnings shortfall when assessing the stock.

The takeaway

Revenue strength alone does not guarantee earnings strength, so readers tracking a company should compare adjusted profit against analyst expectations as well as top-line results.