nVent Q2 2022 sales $728M (+21%), adj. EPS $0.57; raises FY guidance

nVent Electric plc

Reported sales $728M, up 21% reported and organic; revenue beat prior expectations.
Reported EPS $0.48 (+23%); adjusted EPS $0.57 (+14%), above prior outlook.
Segment income $125M (+14%); cash from ops $57M; free cash flow $48M.
FY22 guidance raised: reported sales growth 14-16% (was 11-13%), adj. EPS $2.17-$2.23 (was $2.14-$2.22).
Q3 guidance: sales up 10-12% (organic 13-15%); adj. EPS $0.58-$0.60.

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