Modine Manufacturing Company filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting second-quarter net sales of $994.4 million and six-month net earnings attributable to Modine of $103.9 million.

Key Highlights

  • Quarterly net sales of $994.4 million for the three months ended September 30, 2026, compared with $738.9 million in the same period a year earlier, according to the filing.
  • Quarterly net earnings attributable to Modine of $30.0 million for the three months ended September 30, 2026, versus $44.4 million in the prior-year quarter, as reported.
  • Six-month diluted EPS of $1.93 for the period ended September 30, 2026, compared with $1.78 for the same period in fiscal 2026, per the filing.
  • Total assets of $3,105.7 million as of September 30, 2026, up from $2,674.6 million at March 31, 2026, according to the consolidated balance sheet.
  • Long-term debt increased to $677.4 million at September 30, 2026, from $384.9 million at March 31, 2026, as disclosed in the filing.
  • Treasury stock purchases of $65.7 million during the six months ended September 30, 2026, compared with $5.7 million in the prior-year period, per the cash flow statement.
  • 53,196,918 common shares outstanding as of October 30, 2026, as stated on the filing's cover page.

Modine Manufacturing Second-Quarter and Six-Month Financial Results, September 30, 2026

According to the Form 10-Q filed by Modine Manufacturing Company (NYSE:MOD) for the quarterly period ended September 30, 2026, net sales for the three months ended September 30, 2026 were $994.4 million, compared with $738.9 million for the same quarter in the prior fiscal year. Gross profit for the quarter was reported at $205.4 million, against $164.9 million a year earlier. Operating income for the three-month period was $97.8 million, up from $73.5 million in the prior-year period. The filing noted a provision for income taxes of $57.7 million for the quarter, compared with $18.9 million in the prior-year quarter, which weighed on net earnings attributable to Modine, bringing it to $30.0 million versus $44.4 million a year earlier.

For the six months ended September 30, 2026, the filing reported net sales of $1,868.5 million and net earnings attributable to Modine of $103.9 million, compared with $1,421.7 million and $95.6 million, respectively, in the prior-year six-month period. Basic earnings per share attributable to Modine shareholders for the six-month period were $1.95, and diluted earnings per share were $1.93, as disclosed in the consolidated statements of operations. The filing also reported restructuring expenses of $3.0 million for the quarter and $6.9 million for the six-month period.

The consolidated balance sheet as of September 30, 2026 showed total assets of $3,105.7 million and total equity of $1,238.6 million. Cash and cash equivalents stood at $150.6 million, up from $73.5 million at March 31, 2026. The condensed consolidated statements of cash flows disclosed that operating activities used $57.1 million of cash during the six-month period, while investing activities used $86.0 million, primarily reflecting $88.5 million in capital expenditures. Financing activities provided $220.8 million, driven by net borrowings of debt. Treasury stock purchases totaled $65.7 million during the period, as reported in the filing.

What Was Disclosed

Modine Manufacturing Company filed its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing consolidated financial statements including income, balance sheet, and cash flow data, along with share count and capital structure information for the second quarter of its fiscal year.