TLDR
- Modine (MOD) stock rose about 23% in Friday premarket trading to $130.00 after a Bloomberg report on Samsung talks.
- Samsung Electronics is reportedly discussing a deal that could come together within weeks.
- No final decision has been made, and another buyer could still appear.
- Modine’s data center revenue jumped 95% to $439.7 million last quarter.
- The stock had fallen about 15% since its Nov. 3 earnings report.
Modine Manufacturing (MOD) stock jumped nearly 23% in Friday premarket trading. It was up 22.53% at $130.00, according to Benzinga Pro data.
Modine Manufacturing Company, MOD
The move followed a report that Samsung Electronics is in talks to buy the data center cooling equipment maker. Bloomberg News published the story on Thursday, citing people familiar with the matter.
The two companies are said to be discussing a deal that could come together within weeks. Reuters said it could not immediately verify the report.
Samsung is in talks to buy Modine Manufacturing $MOD, a maker of cooling systems for data centers, according to Bloomberg pic.twitter.com/j6gZsYNEA7
— Wall St Engine (@wallstengine) November 12, 2026
Nothing is final, though. Talks could fall apart, and another buyer could step in.
The pop gave investors a break. The stock had slid about 15% since Nov. 3, when Modine reported quarterly results.
What Samsung Would Get
Modine makes thermal management systems, including cooling gear for large data centers. Demand from hyperscale customers building AI infrastructure has been lifting its business.
Bloomberg Intelligence analyst Masahiro Wakasugi said a deal could help Samsung branch out beyond memory chips. Analyst Christina Feehery pointed to Modine’s growing appeal after its shift to a pure thermal management company.
That shift took a big step on Oct. 1. Modine finished spinning off its Performance Technologies business, leaving a sharper focus on data center cooling and commercial HVAC.
Samsung already owns a cooling business of its own. Last year, it bought Germany-based FläktGroup for about $1.7 billion.
The Numbers Behind the Quarter
Modine’s second-quarter fiscal 2027 report was a mixed bag. Adjusted earnings came in at $1.35 per share, short of the $1.45 analysts expected.
Revenue was the bright spot. Sales climbed 35% from a year earlier to $994.4 million, topping the $943.7 million estimate.
Data Centers led the way, with revenue up 95% to $439.7 million. Management credited strong demand from North American hyperscale customers.
Commercial HVAC revenue rose 23% to $285.5 million. That is a solid gain, though well behind the data center pace.
Margins took a hit. Gross margin fell 160 basis points to 20.7%, as higher material costs and tariffs weighed.
Modine also raised its fiscal 2027 outlook for its continuing businesses. It now expects revenue of $3.1 billion to $3.2 billion.
Adjusted EBITDA is guided to $470 million to $500 million. Those figures leave out the spun-off Performance Technologies unit.
The next update will come as the Samsung talks play out. For now, neither company has confirmed a deal.
