earnings
confidence high
sentiment positive
materiality 0.75
nVent reports record Q2 sales of $880M; raises full-year reported sales guidance
nVent Electric plc
2024-Q2 EPS reported
$1.28
revenue$1,754,900,000
- Revenue $880M, up 10% YoY; organic growth 4%.
- Reported EPS $0.66, down 1%; adjusted EPS $0.82, up 6%.
- Operating cash flow $131M (+69%); free cash flow $112M (+81%).
- Updated FY guidance: reported sales growth 11-13%, adjusted EPS $3.23-3.29.
- Announced sale of Thermal Management business and closed Trachte acquisition.