Modine shares tumble as data center expansion costs weigh on margins By Investing.com
Update: 2025-10-29
Description
Modine Manufacturing surpasses Wall Street expectations with Q2 earnings, but investors worry about margin decline due to expanded data center capacity. Despite this, the company's data center business is booming, with sales jumping 42% and a projected 60% year-over-year growth. Modine raises its fiscal year 2026 outlook and remains confident in its long-term strategy for data center expansion.
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