nVent reports record Q4 sales $861M, adj. EPS $0.78; guides 2024 organic growth 3-5%

nVent Electric plc

2023-FY EPS reported $3.37 revenue$3,263,600,000

Q4 reported sales $861M (+16% YoY); organic sales +2%; full-year sales $3.3B (+12%).
Q4 adj. EPS $0.78 (+18% YoY); full-year adj. EPS $3.06 (+28%); record free cash flow $465M.
Electrical & Fastening Solutions revenue surged 49% in Q4; all segments expanded margins.
FY 2024 guidance: organic sales growth 3-5%; adj. EPS $3.17-$3.27 (incl. ~$0.11 tax headwind).
Quarterly dividend raised to $0.19/share, up 8.6% from prior $0.175.

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 fourth quarter and full year of 2023 results: revenue $861 million, EPS $1.51. Guidance initiated.

Period: the fourth quarter and full year of 2023
Revenue: $861 million
EPS: $1.51
Guidance: initiated
Result: reported results

Exact text from the filing

--- News Release nVent Announces Fourth Quarter and Full-Year 2023 Financial Results Record sales, earnings and cash flow performance • Fourth quarter reported sales of $861 million, up 16%; Organically up 2% • Fourth quarter reported EPS of $1.51, up 61%; Adjusted EPS of $0.78, up 18% • Full-year reported sales of $3.3 billion, up 12%; Organically up 3% •

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Source: SEC EDGAR

accession 0001720635-24-000006

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