nVent(NVT)

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nVent(NVT) - 2022 Q3 - Quarterly Report
2022-10-28 21:03
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, 2022 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) - 2022 Q3 - Earnings Call Presentation
2022-10-28 16:00
nVent Third Quarter 2022 1 Earnings Presentation October 28, 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," "pla ...
nVent(NVT) - 2022 Q3 - Earnings Call Transcript
2022-10-28 16:00
Financial Data and Key Metrics Changes - Sales in Q3 2022 were $745 million, up 16% year-over-year or 20% organically, marking a record performance for the company [11][18] - Adjusted EPS increased by 25% year-over-year to $0.66, with segment income rising 22% to $144 million [11][20] - Free cash flow reached $126 million, up 17%, reflecting strong cash management amidst supply chain challenges [11][20] Business Line Data and Key Metrics Changes - Enclosures segment sales increased 20% organically to $388 million, with segment income up 27% to $72 million [21][23] - Electrical & Fastening segment sales grew 28% organically to $209 million, with segment income rising 26% to $61 million [24][25] - Thermal Management segment sales grew 13% organically to $148 million, with segment income up 14% to $36 million [26][27] Market Data and Key Metrics Changes - North America saw organic sales growth of 28%, while Europe experienced double-digit growth across all segments [15][18] - Developing regions, particularly China, faced a decline due to COVID-related lockdowns, impacting overall performance [15][72] Company Strategy and Development Direction - The company is focused on high growth verticals, new product launches, global expansion, and acquisitions, positioning itself well for the electrification trend [9][36] - Investments in sustainability and electrification are prioritized, with expectations that over 90% of new products will positively impact sustainability by 2025 [39][41] - The company aims to leverage its strong balance sheet for potential acquisitions that align with electrification trends [50][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong demand driven by infrastructure investments and energy transition trends [52][41] - The company anticipates an inflationary environment in 2023 but believes it can manage price/cost effectively [42][99] - There is optimism regarding the backlog and order growth, which supports expectations for Q4 and beyond [12][33] Other Important Information - The company raised its full-year sales guidance to a range of 18% to 19% organic growth, with adjusted EPS expected between $2.30 and $2.32 [31][30] - The company is actively managing working capital and expects cash flow momentum to continue into Q4 [20][28] Q&A Session Summary Question: Concerns about recent acquisition and leverage - Management confirmed a robust M&A pipeline and emphasized a disciplined approach to acquisitions, supported by a strong balance sheet [48][50] Question: Outlook for end markets in 2023 - Management expects strong performance in infrastructure and industrial sectors, with a cautious view on commercial and residential markets [51][54] Question: Fourth quarter revenue guidance and sequential sales - Management noted potential distributor destocking and FX headwinds as factors influencing Q4 guidance [61][63] Question: Impact of supply chain on free cash flow - Management indicated that higher working capital demands are affecting free cash flow guidance, but improvements in supply chain conditions are expected [73][74] Question: Labor challenges and productivity outlook - Management acknowledged labor challenges but expressed optimism about improving productivity through investments and training [84][96] Question: Performance in Europe and China - Management reported strong performance in Europe, with some challenges in China due to COVID lockdowns, but expects recovery [71][72] Question: Strength in chemicals sector - Management attributed strength in the chemicals sector to increased maintenance needs related to clean fuels and biofuels [113] Question: Commercial market activity in a higher rate environment - Management anticipates a slowdown in commercial activity but believes their diverse offerings will continue to drive growth [120][121] Question: New product introduction pace - Management confirmed a strong focus on new product introductions, with expectations to maintain or increase the pace despite potential economic slowdowns [129][130]
nVent(NVT) - 2022 Q2 - Quarterly Report
2022-07-29 20:11
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, 2022 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) - 2022 Q2 - Earnings Call Transcript
2022-07-29 18:05
nVent Electric plc (NYSE:NVT) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET Company Participants Tony Riter - Vice President, Investor Relations Beth Wozniak - Chief Executive Officer Sara Zawoyski - Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Nigel Coe - Wolfe Research Jeff Sprague - Vertical Research Jeff Hammond - KeyBanc Capital Markets Deane Dray - RBC Capital Markets Joe Ritchie - Goldman Sachs Operator Welcome to the nVent Electric Second Quarter 2022 E ...
nVent(NVT) - 2022 Q2 - Earnings Call Presentation
2022-07-29 17:40
nVent Second Quarter 2022 1 Earnings Presentation July 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) - 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 ...