Modine CEO says providing broader ranges for FY26 guidance to reflect tariffs

“We are pleased to present our outlook for fiscal 2026, which would result in our fourth consecutive year of record results,” added CEO Neil Brinker. “We expect another strong year in the Climate Solutions segment, supported by our current order book for data center products and significant funnel of future opportunities. The expansions of our technology offerings and manufacturing capacity are contributing to our above-market organic growth rates. In the Performance Technologies segment, we are taking additional measures to reduce costs as our vehicular end-markets remain challenged. We believe that these actions will lead to enhanced focus while we continue to improve our margin profile.” Brinker continued, “There is a great deal of market uncertainty due to the unknown impact of tariffs on individual businesses and on the economy as a whole. While it is nearly impossible to fully assess this impact on Modine (MOD) today, we are taking actions to mitigate supply chain and other potential risks related to the global tariff situation. The current trade environment is also making it more difficult to assess the impact on our customers, including their supply chains and end-market demand. As a result, we are providing broader ranges for our financial outlook, which reflect our current best estimates for net tariff impacts, foreign exchange rates, and the overall economic environment. We will provide updates each quarter, based on this very dynamic situation, and adjust if necessary.”