Modine posts record $1B quarterly order intake on AI data center demand

The Wisconsin thermal management company crossed the billion-dollar mark in Data Centers orders and raised its fiscal 2027 outlook Modine Manufacturing just booked more than $1 billion in Data Centers orders in a single quarter. That has never happened before in the company’s history. The Racine, Wisconsin-based company (NYSE: MOD) disclosed the milestone on November 3, 2026, alongside its fiscal second-quarter 2027 results. The numbers behind the billion The record order intake came from the company’s Data Centers segment during the quarter that ended September 30, 2026. It also marked the fourth straight quarter in which Modine set a new orders record. Revenue followed the orders higher. Data Centers sales reached $439.7 million, up 95% from the same quarter a year earlier. Hyperscale customers in North America drove much of that growth. Sales in the Americas rose 132% year over year. Company-wide, net sales climbed to $994.4 million, a 35% increase over the prior year. The Data Centers segment posted an adjusted EBITDA margin of 15.4%. The gap between orders and revenue is worth pausing on. More than $1 billion in new orders landed in a quarter when the segment recognized $439.7...