MOD Earnings Prediction
The chart below shows how MOD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MOD sees a +4.15% change in stock price 10 days leading up to the earnings, and a +12.54% change 10 days following the report. On the earnings day itself, the stock moves by -0.79%. This data can give you a slight idea of what to expect for the next quarter's release.
MOD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
561.40M
0.25%
-9.52%
Gross Margin
22.68%
30.12%
4.18%
Operating Margin
10.56%
49.36%
-1.03%
Net Margin
8.03%
82.09%
6.22%
EPS
0.83
80.43%
-4.60%
No Data Available
MOD Earnings Analysis
Modine Manufacturing Co Corporation (MOD.N) Earnings Conference Call
Positive
Climate Solutions Revenue Surge: Revenues in the Climate Solutions segment more than doubled compared to the prior year, with a 102% increase in data center sales, driven by strong demand from North American hyperscale and colocation customers.
Climate Solutions EBITDA Growth: Adjusted EBITDA for the Climate Solutions segment improved by 47%, achieving a margin above 21%, reflecting strong earnings conversion and effective 80/20 initiatives.
EBITDA Growth and Margin Improvement: Modine's overall adjusted EBITDA increased by 23% or $19 million, with an adjusted EBITDA margin of 15.2%, marking the 11th consecutive quarter of year-over-year margin improvement.
Free Cash Flow Performance: The company generated $44 million in free cash flow during the second quarter, improving year-to-date free cash flow to $58 million, which is on track with the full-year outlook.
Data Center Sales Surge: Modine expects data center sales to grow by 100% to 110% for the fiscal year, significantly increasing the revenue forecast for this product group due to strong performance and a growing order book.
Negative
Decline in Heat Transfer Sales: Heat transfer product sales were down 13% or $16 million with lower sales to European heat pump and commercial and residential HVAC customers.
Revenue Decline Analysis: Performance Technologies revenue was down in the quarter, driven by prior year automotive divestitures along with lower sales to automotive, commercial vehicle, and off-highway customers, with organic sales decreasing 5% excluding a negative $22 million impact from divestitures.
Liquid Cooled Sales Decline: Liquid cooled application sales decreased 22% or $27 million due to the prior year divestiture along with lower end market demand across auto, commercial vehicle, and off-highway markets.
Decline in Air-Cooled Sales: Air-cooled application sales were lower by 10% or $18 million also driven by the divestitures and lower market demand from agriculture and construction equipment and commercial vehicle customers.
Q3 EBITDA Outlook: The company expects Q3 adjusted EBITDA to be sequentially lower than Q2, based on normal seasonal trends, along with some ongoing weakness in vehicular markets.
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MOD Earning Call Sentiment
Modine Manufacturing Company (MOD) Q3 2024 Earnings Conference Call Transcript
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MOD.N
-1.85%Positive
The earnings call presents a mixed picture. While there are positive aspects like strong Climate Solutions revenue and improved gross margins, there are also concerns about economic sensitivity, divestitures impacting sales, and declines in key customer segments. The Q&A highlighted uncertainties, particularly in the heat pump market and Advanced Solutions. Despite strong financial metrics, the lack of clear guidance on certain issues tempers the overall sentiment, leading to a neutral rating.
