earnings
confidence high
sentiment positive
materiality 0.75
nVent Q3 sales up 26% to $643M, raises full-year guidance
nVent Electric plc
- Organic sales growth 20%; adjusted EPS $0.53 vs $0.45 prior year.
- Full-year organic sales growth guidance raised to 14-15% (prior 10-13%).
- Adjusted EPS guidance raised to $1.91-$1.94 from $1.84-$1.90.
- Segment income $118M (18.4% ROS); free cash flow $108M.
- Quarterly dividend of $0.175 per share payable Nov 5, 2021.