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nVent(NVT) - 2022 Q1 - Quarterly Report
2022-04-29 20:35
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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38265 (Address of principal executive offices) Registrant's telephone number, including area code: 44-20-3966-0279 Securities registered pursuant to Section 12(b) of the Act ...
nVent(NVT) - 2022 Q1 - Earnings Call Transcript
2022-04-29 19:04
nVent Electric plc (NYSE:NVT) Q1 2022 Earnings Conference Call April 29, 2022 9:30 AM ET Company Participants Tony Riter - Vice President, Investor Relations Beth Wozniak - Chief Executive Officer Sara Zawoyski - Executive Vice President and Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Joe Ritchie - Goldman Sachs Nigel Coe - Wolfe Research Deane Dray - RBC Capital Markets Jeff Hammond - KeyBanc Capital Markets Operator Good day and thank you for standing by. Welcome to the ...
nVent(NVT) - 2022 Q1 - Earnings Call Presentation
2022-04-29 17:36
nVent First Quarter 2022 1 Earnings Presentation April 29, 2022 Forward-Looking Statement and Key Definitions Caution Concerning Forward-Looking Statements This presentation contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets," "plans ...
nVent(NVT) - 2021 Q4 - Annual Report
2022-02-25 15:55
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, 2021 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) (State or other jurisdiction of incorporation or organization) Ireland 98-1391970 (I.R.S. Employer ...
nVent(NVT) - 2021 Q4 - Earnings Call Transcript
2022-02-08 17:36
Financial Data and Key Metrics Changes - In Q4 2021, sales increased by 28% year-over-year, reaching $669 million, with organic growth of 24% [9][16] - Adjusted EPS grew by 16% to $0.50, exceeding guidance [17] - Free cash flow for Q4 was $101 million, with a conversion rate of 120% [17] - For the full year, sales reached a record $2.5 billion, up 23% or 18% organically, with adjusted EPS up 31% [10][22] Business Line Data and Key Metrics Changes - Enclosures segment sales increased by 44% to $332 million, with a 35% organic growth rate [18] - Electrical and Fastening sales grew by 17% to $171 million, with segment income up 9% [20] - Thermal Management sales grew by 16% to $166 million, with segment income up 30% [21] Market Data and Key Metrics Changes - North America showed exceptional strength, particularly in enclosures, while Europe also experienced double-digit growth [10] - Developing regions, especially China, grew over 40%, driven by thermal management [10] Company Strategy and Development Direction - The company executed a strategy focused on new product development, digital transformation, and acquisitions to strengthen its portfolio [8][12] - A new strategy and business development role was announced to enhance growth platforms and technologies [13] - The company anticipates ongoing supply chain and inflationary challenges but remains confident in managing these headwinds [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand for products due to the electrification trend [14] - The outlook for 2022 includes organic sales growth of 6% to 9% and adjusted EPS between $2.10 and $2.20, reflecting expected inflation and supply chain challenges [28][29] Other Important Information - The company launched 58 new products in 2021, contributing to sales growth [11] - The balance sheet showed $50 million in cash and $493 million available on the revolver, with a net debt to adjusted EBITDA ratio of 2 times [24][25] - The company returned approximately $230 million to shareholders in 2021, including dividends and share repurchases [27] Q&A Session Summary Question: Organic revenue growth in Q4 was significantly above expectations; can you discuss the cadence? - Management noted consistent growth across all three months of the quarter, supported by strong orders [51] Question: What are the expectations for price increases in 2022? - Management indicated that price increases were already announced for 2022, with expectations for strong carryover pricing [54][55] Question: How does the company view volume growth versus price in 2022? - Management expects volume growth to be stronger in the first half of the year due to favorable comparisons [60] Question: What is the outlook for margin progression across segments in 2022? - Management anticipates margin expansion across all segments, with a focus on Enclosures [62] Question: Can you elaborate on the impact of inflation on pricing and margins? - Management expects inflation to persist, but price increases and productivity improvements are anticipated to offset these costs [56][68] Question: What is the rationale behind recent debt refinancing? - The refinancing was aimed at taking advantage of favorable market conditions and improving the maturity profile of the debt [97][98]
nVent(NVT) - 2021 Q4 - Earnings Call Presentation
2022-02-08 14:32
nVent Fourth Quarter and 1 Full-Year 2021 Earnings Presentation February 8, 2022 Forward-Looking Statement and Key Definitions Caution Concerning Forward-Looking Statements This presentation contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words ...
nVent(NVT) - 2021 Q3 - Quarterly Report
2021-10-28 21:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Table of Contents | (Exact name of Registrant as specified in its charter) | | | --- | --- | | Ireland | 98-1391970 | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification number) | | The Mille, 1000 Great West Road, 8th Floor (East), London, TW8 9DW, United Kingdom | | (Address of principal executive offices) Registrant's telephone number, including area code: 44-20-3966-0279 | Securities re ...
nVent(NVT) - 2021 Q3 - Earnings Call Transcript
2021-10-28 18:42
nVent Electric Plc (NYSE:NVT) Q3 2021 Earnings Conference Call October 28, 2021 9:30 AM ET Company Participants J.C. Weigelt - Vice President, Investor Relations Beth Wozniak - Chief Executive Officer Sara Zawoyski - Chief Financial Officer Conference Call Participants Jeff Hammond - KeyBanc Capital Markets Joe Ritchie - Goldman Sachs Deane Dray - RBC Capital Markets Julian Mitchell - Barclays Nigel Coe - Wolfe Research Operator Ladies and gentlemen, thank you for standing by and welcome to the nVent Third ...
nVent(NVT) - 2021 Q3 - Earnings Call Presentation
2021-10-28 14:40
nVent Third Quarter 2021 1 Earnings Presentation October 28, 2021 Forward-Looking Statement and Key Definitions Caution Concerning Forward-Looking Statements This presentation contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets," "pla ...
nVent(NVT) - 2021 Q2 - Quarterly Report
2021-08-03 20:52
Table of Contents 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, 2021 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 ...