nVent Q1 revenue $875M (+18%), adj EPS $0.77 (+15%); raises FY adj EPS guidance

nVent Electric plc

2024-Q1 EPS reported $0.62 revenue$874,600,000

Reported sales of $875M, up 18% YoY; organic sales up 5%; record quarterly sales.
Reported EPS $0.62 (+11%); adjusted EPS $0.77 (+15%); segment income $192M (+30%).
Cash from operations $90M (+30%); free cash flow $74M (+41%).
FY 2024 adjusted EPS guidance raised to $3.22-$3.30 from $3.17-$3.27; Q2 adj EPS $0.81-$0.83.
Enclosures sales +13% (organic +11%); Electrical & Fastening +42% (organic -3%); Thermal -1%.

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 first quarter of 2024 results: revenue $875 million, EPS $0.62. Guidance raised.

Period: first quarter of 2024
Revenue: $875 million
EPS: $0.62
Guidance: raised
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- News Release nVent Announces First Quarter 2024 Financial Results Record sales and strong EPS; updating full-year guidance • Reported sales of $875 million up 18%, organically up 5% • Reported EPS of $0.62, up 11%; Adjusted EPS of $0.77, up 15% • Cas h Flows from Operations of $90 million, up 30%; Free Cash Flow of $74 million, up

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Source: SEC EDGAR

accession 0001720635-24-000019

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