earnings
confidence high
sentiment positive
materiality 0.90
nVent Q2 sales up 34%, adj EPS $0.50 (+72% YoY); raises FY guidance
nVent Electric plc
- Q2 reported sales $601M, +34% YoY; organic +29%; all segments above 2019 levels.
- Reported EPS $0.39 (+160%), adjusted EPS $0.50 (+72%); segment income $110M (+61%).
- Raised FY2021 guidance: sales growth 15-18% (prev 8-11%), adj EPS $1.84-$1.90 (prev $1.67-$1.75).
- Q3 guidance: sales +16-20% (organic +10-13%), adj EPS $0.45-$0.48.
- Cash from ops $93M; FCF $85M; dividend $0.175/share payable Aug 6.