Modine Expects Significant Data Center Cooling Revenue Growth

Modine's Climate Solutions segment, particularly its data center cooling business, is projected to grow 50% to 70% annually over the next two years, with expectations to exceed a $2 billion revenue goal by fiscal 2028. The company is investing in capacity expansion to support this growth, with CapEx expected to be $125 million to $150 million annually.

“Based on our current targets, we anticipate 50% to 70% annual growth over the next 2 years, putting us well on track to exceed our previous $2 billion revenue goal for fiscal 2028. Within the next 12 to 24 months, we expect to replace the $1 billion of Performance Technologies revenue with revenue from the data center market alone.”

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