MOD · PEAD ↑ 36

Modine Manufacturing reported Q4 FY2026 EPS of $1.71 on 2026-05-26, beating the $1.55 consensus by $0.16 (+10.3%).

Print-day reaction was +13.6% versus the prior close, as the stock surged from $260.52 to $295.88 on the earnings beat. The overnight gap added another +1.9%, opening at $301.60 on T+1, suggesting initial buy-side momentum held into after-hours. Over days 1–3, however, the stock drifted –0.4% from the T+1 close to T+3, softening the initial pop without fully reversing it. Cumulative abnormal return of +5.6% versus SPY.US over the three-day window places this in PEAD long territory, though drift was muted; the read holds through 2026-08-21.