Modine Books Record $1 Billion in Quarterly Data Center Orders

Modine Manufacturing booked more than $1 billion in Data Centers orders in its fiscal second quarter, setting a fourth consecutive quarterly record as demand for cooling equipment grew with AI-focused data center expansion. The quarter ended Sept. 30, and Modine disclosed the results Nov. 3. Data Centers sales rose 95% year over year to $439.7 million, with higher sales to hyperscale customers in North America driving much of the increase. Sales in the Americas grew 132% year over year, and the segment posted an adjusted EBITDA margin of 15.4%.

Source: TokenPost