earnings
confidence high
sentiment positive
materiality 0.75
nVent Q1 sales up 27% to $695M; adj EPS $0.50; raises FY guidance
nVent Electric plc
- Reported sales $695M (+27% YoY); organic sales grew 24%.
- Reported EPS $0.40 (+3%); adjusted EPS $0.50 (+16%).
- All segments grew organically: Enclosures +23%, EFS +29%, Thermal +22%.
- Raised FY22 guidance: organic growth 11-13% (prev 6-9%), adj EPS $2.14-2.22 (prev $2.10-2.20).
- Free cash flow usage $3M in Q1; dividend $0.175/share payable May 6, 2022.