nVent Q3 2024 continuing ops sales $782M, adj EPS $0.63; Thermal biz held as discontinued

nVent Electric plc

2024-Q3 EPS reported $1.91 revenue$2,253,900,000

Reported sales from continuing ops $782M (+9% total, +1% organic); Thermal Management reported as discontinued.
Reported EPS from continuing ops $0.47 (-4% YoY); adjusted EPS $0.63 (-3% YoY).
Cash from continuing ops $158M (+29%); free cash flow $143M (+33%).
Trachte acquisition off to strong start; Thermal sale expected to close by early 2025.
Full-year 2024 guidance updated to reflect continuing operations; management cites strong quarter.

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