Highest-materiality recent filing
nVent shareholders elect nine directors and approve all six proposals at 2026 AGM
All nine director nominees elected with >98% votes for (excluding broker non-votes); Danita Ostling highest support at 99.9%.
nVent Q1 sales $1.2B (+53%), EPS $0.86; raises full-year guidance
Record Q1 sales of $1.2B, up 53% (organic +34%); backlog rose to $2.6B.
nVent amends credit agreement and indenture to add Hoffman Schroff as primary borrower and guarantor
Hoffman Schroff Holdings becomes primary borrower under $875M credit facility, cross-guarantees with nVent Finance.
Q4 reported EPS $0.71 (up 810% YoY), adjusted EPS $0.90 (up 53%); revenue $1.1B, up 42%.
nVent reports record Q3 sales of $1.1B, raises full-year EPS and sales guidance
Record Q3 sales $1.1B, up 35% reported, 16% organic; record orders and backlog.
nVent Q2 sales $963M (+30% YoY, +9% organic), adj. EPS $0.86 (+28%), raises FY guidance
Reported sales $963M (+30% YoY); organic sales +9% excluding acquisitions and FX.
nVent Electric EVP General Counsel Jon Lammers to retire effective April 1, 2026
Jon D. Lammers, Executive Vice President, General Counsel and Secretary, notified nVent of his retirement.
nVent Electric appoints Diane Leopold to board of directors, expanding to ten members
Board size increased from nine to ten directors with appointment of Diane Leopold.
nVent Electric enters $875M senior unsecured credit facilities, repays prior debt
Five-year $275M term loan and $600M revolving credit facility; matures June 30, 2030.
nVent shareholders elect all nine director nominees; all seven proposals pass at AGM
All nine director nominees elected, including Beth Wozniak (133.7M for) and Jerry Burris (139.9M for).
nVent Q1 sales up 11%, adjusted EPS $0.67 (+10%); raises full-year guidance
Reported sales $809M (+11% YoY); organic sales +2%; reported EPS $0.52 (+2%); adjusted EPS $0.67 (+10%).
nVent appoints Gary Corona as CFO effective March 31, 2025
Gary Corona appointed EVP and CFO effective March 31, 2025; previously Medtronic interim CFO.
nVent Q4 adjusted EPS $0.59 (+7% YoY); FY25 guides 4-6% organic growth, adj. EPS $2.98-3.08
Q4 reported sales $752M (+9% reported, -1% organic); reported EPS $(0.10), adjusted EPS $0.59 (+7%).
nVent completes sale of Thermal Management business to Brookfield for ~$1.7B cash
Sale closed January 30, 2025; nVent received approx. $1.7 billion in cash, subject to post-closing adjustments.
nVent Q3 2024 continuing ops sales $782M, adj EPS $0.63; Thermal biz held as discontinued
Reported sales from continuing ops $782M (+9% total, +1% organic); Thermal Management reported as discontinued.
nVent to sell Thermal Management business to Brookfield affiliate for $1.7B
nVent Electric agrees to sell its Thermal Management business to BCP Acquisitions LLC (Brookfield) for $1.7B in cash.
nVent reports record Q2 sales of $880M; raises full-year reported sales guidance
Revenue $880M, up 10% YoY; organic growth 4%.
nVent secures $500M term loan for planned $695M acquisition of Trachte
nVent Finance entered $500M two-year senior unsecured term loan to fund portion of $695M acquisition of Trachte.
nVent shareholders elect all nine director nominees and approve all six proposals at 2024 AGM
All nine director nominees elected; Herbert K. Parker received the lowest support at 93.6% of votes cast.
nVent Electric President of Enclosures Joseph Ruzynski resigns, CFO takes interim role
Joseph A. Ruzynski resigns as President of Enclosures, effective May 31, 2024, to pursue another opportunity.
nVent Q1 revenue $875M (+18%), adj EPS $0.77 (+15%); raises FY adj EPS guidance
Reported sales of $875M, up 18% YoY; organic sales up 5%; record quarterly sales.
Sara E. Zawoyski, the Company’s Executive Vice President, Chief Financial Officer and Interim President of Systems Protection (formerly Enclosures), will continue in this role until the Effective Date, at which time she will become President of Systems Protection and cease to be Chief Financial Officer.
On March 11, 2025, nVent Electric plc (the “Company”) announced the appointment of Gary Corona as the Company’s Executive Vice President and Chief Financial Officer effective March 31, 2025
Sara E. Zawoyski, the Company’s Executive Vice President and Chief Financial Officer, will serve as the Company’s interim President of Enclosures upon the effectiveness of Mr. Ruzynski’s resignation until a successor is appointed and will continue to serve as the Company’s Chief Financial Officer.
On May 3, 2024, Joseph A. Ruzynski, President of Enclosures, of nVent Electric plc (the “Company”), informed the Company of his decision to resign from his position, which resignation is expected to be effective May 31, 2024, to pursue another employment opportunity.
Max materiality 0.90 · Median 0.75 · Most common event earnings