nVent(NVT)

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nVent(NVT) - 2024 Q1 - Quarterly Results
2024-05-03 10:52
News Release nVent Announces First Quarter 2024 Financial Results Record sales and strong EPS; updating full-year guidance Reconciliations of GAAP (reported) to Non-GAAP measures are in the attached financial tables. LONDON, UNITED KINGDOM – May 3, 2024 – nVent Electric plc (NYSE:NVT) ("nVent"), a global leader in electrical connection and protection solutions, today announced financial results for the first quarter of 2024 and provided guidance for the second quarter and full-year 2024. "We had a strong st ...
What Analyst Projections for Key Metrics Reveal About nVent (NVT) Q1 Earnings
Zacks Investment Research· 2024-04-30 14:20
Wall Street analysts forecast that nVent Electric (NVT) will report quarterly earnings of $0.73 per share in its upcoming release, pointing to a year-over-year increase of 9%. It is anticipated that revenues will amount to $863.68 million, exhibiting an increase of 16.6% compared to the year-ago quarter.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised ...
nVent(NVT) - 2023 Q4 - Annual Report
2024-02-20 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38265 nVent Electric plc (Exact name of Registrant as specified in its charter) Ireland 98-1391970 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...
nVent(NVT) - 2023 Q3 - Quarterly Report
2023-10-27 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38265 nVent Electric plc | (Exact name of Registrant as specified in its charter) | | | --- | --- | | Ireland | 98-1391970 | | (State or other jurisdiction of incorporat ...
nVent(NVT) - 2023 Q3 - Earnings Call Transcript
2023-10-27 17:48
Financial Data and Key Metrics Changes - The company reported record sales of $859 million, up 15% year-over-year, with adjusted EPS increasing by 27% to $0.84 [66][60][35] - Segment income rose to $202 million, a 40% increase, with a return on sales of 23.5%, up 420 basis points year-over-year [44][60] - Free cash flow for the quarter was $136 million, reflecting an 8% increase compared to the previous year [67][60] Business Line Data and Key Metrics Changes - Enclosures segment sales increased by 6% to $413 million, with organic sales up 4% [45] - Electrical & Fastening segment sales surged by 45% to $302 million, primarily due to the ECM acquisition, although organic growth declined by 4% [46] - Thermal Management segment sales decreased by 3% to $144 million, with orders up mid-teens driven by energy transition projects [47][40] Market Data and Key Metrics Changes - North America led geographic sales growth with low-single-digit increases, while Europe was flat and China experienced a decline [45][64] - The company noted that project orders in the Thermal Management segment were up double-digits, indicating strong demand in that area [17] Company Strategy and Development Direction - The company is focused on the Electrification of Everything, sustainability, and digitalization trends, which are expected to drive future demand [73][106] - The company plans to continue investing in growth through acquisitions, new products, and geographic expansion, with a strong emphasis on high-growth verticals [58][75] - Legislative funding for infrastructure is anticipated to contribute between $250 million to $500 million in sales over the next five years [50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in 2024 being a solid growth year, driven by infrastructure spending and the ramp-up of legislative funding [2][106] - The company is optimistic about the energy transition and expects to see continued demand for liquid cooling solutions driven by AI [103][106] - Management acknowledged a mixed operating environment but highlighted strong execution and the potential for margin expansion [58][60] Other Important Information - The company raised its full-year adjusted EPS guidance to a range of $3.01 to $3.03, reflecting strong year-to-date performance [49] - The ECM and TEXA acquisitions are expected to contribute approximately 9 points to sales growth for the year [52] Q&A Session Summary Question: Can you elaborate on the 2024 growth environment? - Management indicated that they expect favorable comparisons in channel adjustments and a solid backlog build, particularly in Thermal Management and Data Solutions [82][106] Question: What is the status of cost synergies from the ECM acquisition? - Management reported that they are on track to achieve $10 million to $15 million in cost synergies, with some realized earlier than expected [119][143] Question: How is the company addressing the inventory adjustments in the channel? - Management noted that some channel partners are still adjusting inventories, which has impacted sales, but they expect improvements moving into Q4 [162][108] Question: What is the outlook for the Thermal Management business in China? - Management highlighted that the Thermal Management segment saw double-digit growth in China, driven by energy transition projects [47][161] Question: How does the company view the competitive landscape for liquid cooling? - Management acknowledged increased competition but emphasized their strong product portfolio and ongoing investments to capture market share [15][106]
nVent(NVT) - 2023 Q3 - Earnings Call Presentation
2023-10-27 16:17
Q3 2023 Financial Performance - Sales reached $859 million, a 15% increase year-over-year, with organic sales up slightly[19] - Segment income increased by 40% to $202 million, resulting in a Return on Sales (ROS) of 235%, a 420 bps expansion[19] - Adjusted EPS increased by 27% to $084[19] - Free cash flow increased by 8% to $136 million[19] Segment Performance - Enclosures sales increased by 6% to $413 million, with organic sales up 4% and ROS at 217% (+320bps)[10] - Electrical & Fastening sales increased by 45% to $302 million, but organic sales decreased by 4%, with ROS at 323% (+320bps); ECM Industries contributed $98 million to sales[10] - Management Thermal sales decreased by 3% to $144 million, with organic sales also down 3% and ROS at 242% (0bps)[10] Capital Allocation and Debt - Year-to-date, the company returned approximately $103 million in cash to shareholders[4] - Net debt to adjusted EBITDA ratio is at 24X[4] - The company maintains a strong liquidity position with $600 million available on revolver[4, 12] - The company has $113 million of cash on hand at quarter-end[14] 2023 Outlook - The company updated its full-year sales guidance to an increase of 12% to 13%, with organic sales up 3% to 4%[6] - Adjusted EPS guidance was updated to $301 to $303, an increase of 25% to 26%[6] - Acquisitions are expected to add approximately 9% to sales growth[6] - Capital expenditures are projected to be between $70 million and $75 million[6]
nVent(NVT) - 2023 Q2 - Quarterly Report
2023-07-28 20:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38265 nVent Electric plc | (Exact name of Registrant as specified in its charter) | | | --- | --- | | Ireland | 98-1391970 | | (State or other jurisdiction of incorporation o ...
nVent(NVT) - 2023 Q2 - Earnings Call Transcript
2023-07-28 20:20
nVent Electric PLC (NYSE:NVT) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET Company Participants Tony Riter - Vice President of Investor Relations Beth Wozniak - Chief Executive Officer & Director Sara Zawoyski - Executive Vice President & Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Bank Deane Dray - RBC Capital Markets Jeff Hammond - KeyBanc Capital Markets Joseph Ritchie - Goldman Sachs Group Jeffrey Sprague - Vertical Research Partners Nigel Coe - Wolfe Res ...
nVent Electric (NVT) Presents At Industrials & Materials Conference - Slideshow
2023-05-18 14:52
Reported to Adjusted 2021 Reconciliation nVent Electric plc Reconciliation of GAAP to non-GAAP financial measures for the year ended December 31, 2021 excluding the effect of adjustments (Unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------|---------------|-------|----------------|---------------|-------|----------------|-------|-----------| | In millions, except per-share data | First Quarter | | Second Quarter | Thi ...
nVent(NVT) - 2023 Q1 - Quarterly Report
2023-04-28 20:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38265 nVent Electric plc | (Exact name of Registrant as specified in its charter) | | | --- | --- | | Ireland | 98-1391970 | | (State or other jurisdiction of incorporation ...