(0.31) 3.06 (1) Income tax adjustments in the fourth quater include $157.5 million resulting from favorable discrete items, primarily related to the initial recognition of tax basis i intangible assets in foreign jurisdictions and the related valuation allowance, and the tax benefit of statutory losses at a foreign holding company. Q1 '24 Earnings Presentation 16 Reported to Adjusted 2022 Reconciliation nVent Electric plc Reconciliation of GAAP to non-GAAP financial measures for the year ending December 31, ...

nVent Electric plc (NYSE:NVT) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Tony Riter - VP, IR Beth Wozniak - Chairman and CEO Sara Zawoyski - EVP and CFO Conference Call Participants Deane Dray - RBC Capital Markets Julian Mitchell - Barclays Nigel Coe - Wolfe Research Joseph Ritchie - Goldman Sachs Jeffrey Hammond - KeyBanc Capital Markets Jeffrey Sprague - Vertical Research Partners Nicole DeBlase - Deutsche Bank Vladimir Bystricky - Citigroup Brian Drab - William Blair Op ...

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 ...

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 ...

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 Electric plc (NYSE:NVT) Q4 2023 Earnings Conference Call February 6, 2024 10:00 AM ET Company Participants Tony Riter - Vice President of Investor Relations Beth Wozniak - Chairman and Chief Executive Officer Sara Zawoyski - Executive Vice President and Chief Financial Officer Conference Call Participants Joseph Ritchie - Goldman Sachs Group, Inc. Nigel Coe - Wolfe Research, LLC Julian Mitchell - Barclays Bank PLC Deane Dray - RBC Capital Markets Jeffrey Sprague - Vertical Research Partners, LLC Jeffr ...

nvènt Growth/ FY '23 Acq. FY '22 Price FX Net Prod. 0.0% 4.0% 0.1% (0.1%) Segment Income ($M) $71* $524 $46 $151 $3 $(3) ─ Inflation YoY + Productivity ─ Investments ROS ROS 18.0% - Price added 5 points to growth - All segments expanded ROS ▪ Other items Q4 '23 Earnings Presentation *Non-cash amortization *Due to rounding, totals may not foot Q4 '23 Earnings Presentation Healthy balance sheet and liquidity position $500 @ 2028 $300 @ 2031 $500 @ 2033 2026-2028 Capital Allocation Update Q4 '23 Earnings Prese ...

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 ...

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]

Key Messages Another quarter of impressive ROS expansion and robust free cash flow Updating full-year guidance Key Definitions and Notes | --- | --- | --- | --- | |-------------------------------------------------------------------|--------------------------------------------------------|---------------------------------------------------------|----------------------------------------------------------| | Manage Leverage | Reinvest in the Business | M&A | Return Cash to Shareholders | | ▪ Net debt to adjust ...