nVent Q3 sales $859M (+15% YoY), adj. EPS $0.84 (+27%); raises adj. EPS guidance

nVent Electric plc

2024-Q3 EPS reported $1.86 revenue$2,402,400,000

Reported sales $859M, up 15% YoY; organic sales flat. Reported EPS $0.63 (+15%), adjusted EPS $0.84 (+27%).
Segment income $202M (+40%), operating income $156M (+30%); adjusted ROS expanded 420bps to 23.5%.
Free cash flow $136M (+8%), cash from ops $145M (+7%).
Raises full-year adj. EPS guidance to $3.01-$3.03 from $2.85-$2.91; narrows reported sales growth to 12-13% from 13-15%.
Q4 guidance: reported sales +15-17% (organic +1-3%), adj. EPS $0.73-$0.75.

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 0.9

nVent Electric plc reported the third quarter of 2023 results: revenue $859 million, EPS $0.63. Guidance reaffirmed.

Period: the third quarter of 2023
Revenue: $859 million
EPS: $0.63
Guidance: reaffirmed
Result: reported results

Exact text from the filing

nVent Announces Third Quarter 2023 Financial Results Record sales and strong EPS; updating full-year guidance • Reported sales of $859 million up 15%, organic up slightly • Reported EPS of $0.63, up 15%; Adjusted EPS of $0.84, up 27%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

nVent Electric plc updated its full-year 2023 guidance (raised).

Period: full-year 2023
Guidance: raised
Result: guidance update

Exact text from the filing

The company now expects full-year 2023 EPS of $2.46 to $2.48 on a GAAP basis and adjusted EPS of $3.01 to $3.03, versus prior guidance of $2.30 to $2.36 on a GAAP basis and adjusted EPS of $2.85 to $2.91.

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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 0001720635-23-000055

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