nVent Q3 sales up 16% to $745M, beats guidance; raises full-year EPS outlook

nVent Electric plc

Reported sales $745M (+16% YoY); organic sales +20%. GAAP EPS $0.55, adjusted EPS $0.66, both up 25%.
Segment income $144M (+22%); operating income $121M (+23%). All three segments expanded margins YoY.
Full-year guidance raised: reported sales growth 16-17% (prior 14-16%), adj. EPS $2.30-$2.32 (prior $2.17-$2.23).
Free cash flow $126M (+17%); cash from operations $136M (+18%). Dividend maintained at $0.175/share.
Enclosures sales $388M (+16%), EFS $209M (+24%), Thermal Mgmt $148M (+7%). All segments beat.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

nVent Electric plc reported full year 2022 results: EPS $1.91 to $1.93. Guidance raised.

Period: full year 2022
EPS: $1.91 to $1.93
Guidance: raised
Result: guidance update

Exact text from the filing

The company now expects full-year 2022 EPS of $1.91 to $1.93 on a GAAP basis and adjusted EPS of $2.30 to $2.32, versus prior guidance of $1.80 to $1.86 on a GAAP basis and adjusted EPS of $2.17 to $2.23.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

nVent Electric plc reported the third quarter of 2022 results: revenue $745 million, EPS $0.55.

Period: the third quarter of 2022
Revenue: $745 million
EPS: $0.55
Result: reported results

Exact text from the filing

Reported sales of $745 million, up 16%; Organically up 20% • Reported EPS of $0.55, up 25%; Adjusted EPS of $0.66, up 25%

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

nVent Electric plc reported fourth quarter of 2022 results: EPS $0.47 to $0.49. Guidance initiated.

Period: fourth quarter of 2022
EPS: $0.47 to $0.49
Guidance: initiated
Result: guidance update

Exact text from the filing

The company estimates reported sales for the fourth quarter of 2022 to be up 4% to 6%, which represents an increase of 9% to 11% on an organic basis. The company estimates fourth quarter 2022 EPS on a GAAP basis of $0.47 to $0.49 and adjusted EPS of $0.56 to $0.58.

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

nVent Electric plc filing history →

Source: SEC EDGAR

accession 0001720635-22-000050

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