earnings
confidence high
sentiment positive
materiality 0.75
nVent pre-announces Q1 sales ~$741M, adj. EPS $0.66-$0.67, up 32-34% YoY
nVent Electric plc
2024-Q1 EPS reported
$0.56
revenue$740,600,000
- Reported sales ~$741M (+7% total, +8% organic); operating income $122-124M vs $90M in Q1 2022.
- Reported EPS $0.55-$0.56 (+38-40% YoY); adjusted EPS $0.66-$0.67 (+32-34% YoY).
- Segment income (adjusted) $146-148M vs $110M in prior year.
- Acquisition of ECM Industries expected to close in Q2 2023.
- Full Q1 results and conference call scheduled for April 28, 2023.