nVent(US:NVT)2025-05-02 10:47Financial Performance - Reported sales in Q1 2025 totaled $809 million, representing an 11% increase year-over-year, with organic sales growth of 2%[4] - Earnings per diluted share (EPS) from continuing operations were $0.52, up 2%, while adjusted EPS was $0.67, reflecting a 10% increase[5] - Operating income for Q1 2025 was $130 million, down 1% from $132 million in Q1 2024, but adjusted operating income increased by 4% to $162 million[6] - The company reported a net income from continuing operations of $87 million for Q1 2025, compared to $85 million in Q1 2024[21] - Net income from continuing operations for Q1 2025 was $87.0 million, slightly up from $85.2 million in Q1 2024, reflecting a growth of 2.1%[25] - Total net sales for Q1 2025 reached $809.3 million, an increase of 10.5% compared to $732.1 million in Q1 2024[28] - Adjusted operating income for Q1 2025 was $162.2 million, up from $155.9 million in Q1 2024, indicating a growth of 4.0%[28] - The company’s total reportable segment income for Q1 2025 was $189.3 million, compared to $180.0 million in Q1 2024, indicating a growth of 5.0%[28] Cash Flow and Investments - Net cash provided by operating activities was $64 million, a 31% increase compared to $49 million in Q1 2024, with free cash flow of $44 million, up 32%[7] - Cash and cash equivalents at the end of Q1 2025 were $1,343.0 million, significantly higher than $201.4 million at the end of Q1 2024[25] - The company reported net cash provided by operating activities of continuing operations at $63.9 million for Q1 2025, compared to $48.6 million in Q1 2024, a growth of 31.7%[25] - The net cash provided by investing activities for Q1 2025 was $1,567.4 million, a significant increase from $(15.8) million in Q1 2024[25] - Free cash flow for Q1 2025 was reported at $44.4 million, up from $33.6 million in Q1 2024[40] Guidance and Projections - The company raised its full-year 2025 sales guidance to a growth range of 19% to 21%, up from the previous guidance of 8% to 10%[12] - Full-year 2025 adjusted EPS is now expected to be between $3.03 and $3.13, an increase from the prior guidance of $2.98 to $3.08[12] - The second quarter 2025 is projected to see reported sales growth of 22% to 24% and organic sales growth of 4% to 6%[13] - For Q2 2025, nVent forecasts organic net sales growth between 4% to 6%, with total net sales growth projected at 22% to 24%[38] - The full year 2025 organic net sales growth is expected to be between 5% to 7%, with total net sales growth estimated at 19% to 21%[38] Segment Performance - The return on sales for the Systems Protection segment was 20.5% in Q1 2025, down from 21.6% in Q1 2024[28] - The Systems Protection segment experienced a total net sales growth of 15.5% in Q1 2025, driven by a 16.2% contribution from acquisitions[37] - The Electrical Connections segment achieved an organic net sales growth of 3.9% in Q1 2025[37] - nVent reported a Q1 2025 organic net sales growth of 1.6%, with total net sales growth at 10.5% due to acquisitions[37] Acquisitions and Strategic Moves - The acquisition of Avail Electrical Products Group is expected to strengthen the company's position in high-growth infrastructure sectors, including power utilities and data centers[4] - nVent's total net sales growth for the year is influenced by a projected 14% contribution from acquisitions[38] Capital Expenditures - Capital expenditures for Q1 2025 were $21.1 million, up from $15.3 million in Q1 2024, reflecting an increase of 37.9%[25] - Capital expenditures for Q1 2025 amounted to $21.1 million, compared to $15.3 million in Q1 2024[40] Currency Impact - Currency effects negatively impacted organic net sales growth by 0.9% in Q1 2025[37] Dividends - Cash dividends of $0.20 per share were approved, payable on May 9, 2025[14]