Modine Manufacturing (MOD) Tops Q2 EPS by 5c, provides outlook

Modine Manufacturing (NYSE: MOD) reported Q2 EPS of $0.97, $0.05 better than the analyst estimate of $0.92. Revenue for the quarter came in at $658 million versus the consensus estimate of $646.86 million.

Outlook

\"Our outlook for the data center business continues to improve, driven by strong organic growth and the strategic actions taken over the past year, including the acquisition of Scott Springfield,\" added Brinker. \"We are gaining share with both colocation and hyperscale customers and continue to expand our product offering and our manufacturing capacity to meet market demand. In the Performance Technologies segment, we remain focused on further advancing our 80/20 initiatives and improving our business mix, as we anticipate ongoing weakness in our vehicular markets. We are holding our current guidance ranges, as we work towards delivering another record year of revenue and earnings.\"

For earnings history and earnings-related data on Modine Manufacturing (MOD) click here.

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