nVent Q2 sales $803M, +10%; raises FY guidance, adjusted EPS $2.85-$2.91

nVent Electric plc

2024-Q2 EPS reported $1.23 revenue$1,543,600,000

Record Q2 sales $803M (+10% YoY, +4% organic); adjusted EPS $0.77, +35%.
Raised full-year reported sales growth to 13-15% (prior 4-6%); adjusted EPS guidance $2.85-$2.91.
Segment income $181M, +45%; operating cash flow $77M, +34% from $57M prior year.
Completed acquisitions of ECM Industries and TEXA Industries; AI driving data solutions growth.
Declared $0.175 quarterly dividend payable Aug 4, 2023; board approved.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

nVent Electric plc reported second quarter of 2023 results: revenue $803 million, net income $0.67 per diluted share, EPS $0.77 per diluted share (adjusted). Guidance raised.

Period: second quarter of 2023
Revenue: $803 million
Net income: $0.67 per diluted share
EPS: $0.77 per diluted share (adjusted)
Guidance: raised
Result: reported results

Exact text from the filing

nVent Announces Second Quarter 2023 Financial Results Record sales and strong EPS; raising full-year guidance • Reported sales of $803 million up 10%, organically up 4% • Reported EPS of $0.67, up 40%; Adjusted EPS of $0.77, up 35%

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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 0001720635-23-000042

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