Core Insights - nVent Electric (NVT) reported revenue of $880.3 million for the quarter ended June 2024, reflecting a year-over-year increase of 9.6% [1] - The company's EPS for the quarter was $0.82, up from $0.77 in the same quarter last year [1] - Revenue fell short of the Zacks Consensus Estimate of $891.63 million, resulting in a surprise of -1.27% [1] - EPS also missed the consensus estimate of $0.83, with a surprise of -1.20% [1] Revenue Performance by Segment - Net Sales for Enclosures reached $440.80 million, slightly above the estimated $439.30 million, marking a year-over-year increase of 10.2% [3] - Net Sales for Electrical & Fastening Solutions were $299 million, below the estimated $316.84 million, but still showing a year-over-year increase of 12.1% [4] - Net Sales for Thermal Management amounted to $140.50 million, exceeding the estimated $138.40 million, with a year-over-year change of 3.1% [5] Segment Income Performance - Segment income for Enclosures was reported at $103.80 million, surpassing the average estimate of $97.63 million [6] - Segment income for Electrical & Fastening Solutions was $92.50 million, below the average estimate of $101.20 million [7] - Segment income for Thermal Management was $28 million, slightly below the estimated $29.41 million [8] Stock Performance - nVent's shares have declined by 18.4% over the past month, compared to a 6.7% decline in the Zacks S&P 500 composite [8] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [8]

NVent Electric (NVT) came out with quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.20%. A quarter ago, it was expected that this maker of electrical connection and protection products would post earnings of $0.73 per share when it actually produced earnings of $0.77, delivering a surprise of 5. ...

Core Viewpoint - The market anticipates nVent Electric (NVT) to report a year-over-year increase in earnings driven by higher revenues for the quarter ended June 2024, with actual results being crucial for stock price movement [1][6]. Revenue Expectations - Revenues are projected to reach $891.63 million, reflecting an 11% increase compared to the same quarter last year [2]. Earnings Per Share (EPS) Projections - The expected quarterly earnings are $0.82 per share, indicating a year-over-year growth of 6.5% [4]. Earnings Surprise Potential - nVent is viewed as a strong candidate for an earnings beat, with a positive Earnings ESP of +0.51%, suggesting analysts have recently become more optimistic about the company's earnings prospects [19][20]. Historical Performance - In the last reported quarter, nVent exceeded EPS estimates by 5.48%, posting earnings of $0.77 per share against an expectation of $0.73 [9]. Analyst Sentiment - The consensus EPS estimate has been revised 0.23% higher in the last 30 days, indicating a collective reassessment by covering analysts [16]. Earnings ESP Model - The Zacks Earnings ESP model indicates that a positive Earnings ESP, especially when combined with a strong Zacks Rank, significantly increases the likelihood of an earnings beat [18]. Earnings Surprise History - nVent has consistently beaten consensus EPS estimates over the last four quarters, although other factors can influence stock performance regardless of earnings results [14].

Daniel Ilundain, Partner and Co-Head of Flagship Funds of Palladium, and Scott Kirschner, a Principal, said, "We are extremely pleased with the outcome of this investment which is another excellent example of how Palladium creates value and elevates the businesses in which it invests to the next level. We wish the teams at nVent and Trachte all the best going forward." Contacts: SOURCE Palladium Equity Partners, LLC NEW YORK and OREGON, Wis., July 16, 2024 /PRNewswire/ -- Palladium Equity Partners, LLC (alo ...

F ■ Matteo Colombo The industrials sector has shifted gear and now offers some of the least attractive price/value propositions of the S&P 500 sectors. To illustrate this, Figure 1 shows a composite built using 1) each sector's share of forward EPS estimates and 2) the current sector weights of the index. As seen, the industrial sector sits at the bottom when considering these two factors. The basic materials sector, on the other hand, sits at the top - consistent with findings I made in Q3 2023 (avid reade ...

Trachte's products and services are a critical part of protecting essential controls, equipment, and infrastructure for electric utilities, data centers, and other commercial and industrial customers. Palladium, which focuses on transforming family and founder-owned businesses, acquired its majority stake in Trachte in 2020. Scott Kirschner, a Principal at Palladium Equity Partners, said, "We are extremely proud of the results achieved at Trachte over the past four years and want to thank Rafael-Diaz Granad ...

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, 2024 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 ...

(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, ...

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 ...