Neil Burke

Neil Burke asked if the implied annual data center revenue exiting the year at $1.6 billion is correct and what capacity utilization that assumes. He also inquired about the trending of the data center pipeline and whether Modine has more visibility on future orders and revenues compared to six to twelve months ago.

Answer

Mick Lucareli, EVP and CFO, Modine Manufacturing Company, confirmed that Q4 implied sales of over $400 million would result in an annualized run rate of $1.6 billion. Neil Brinker, CEO, Modine Manufacturing Company, stated that capacity is in line with goals, efficiency is improving, and they are comfortable returning to the 20% margin range with added capacity. He also noted that visibility on the data center pipeline is constantly increasing, now extending up to five years, with the order funnel significantly swelling.