Modine reports Q3 adjuste EPS $1.06, consensus $1.01

Reports Q3 revenue $738.9M, consensus $698.43M. “This quarter’s strong organic growth reflects the continued momentum of the Climate Solutions segment, which is aligned with our strategy to expand manufacturing capacity in response to accelerating demand for data center solutions,” said Modine (MOD) President and CEO, Neil D. Brinker. “As we prepare to bring this additional capacity online, we are encountering temporary operating inefficiencies. However, these expansions are critical to meeting customer needs and fueling long-term growth. We remain on track to begin production in the second half of the fiscal year, positioning us to capitalize on recent investments and further drive revenue and margin improvement.”