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

Modine reported record quarterly order intake of $1 billion, driven by demand tied to AI data centers. The figure underscores how AI infrastructure buildout is reshaping demand for thermal management and related equipment. The order surge signals that spending on data-center capacity remains a key growth driver for suppliers exposed to AI hardware. Investors will watch whether the orders convert into revenue and how much of the demand is durable versus pull-forward.