nVent Electric Q4 Earnings Call Highlights

CFO Gary Corona reported fourth-quarter sales of $1.067 billion, up 42% year over year. Organic sales grew 24%, which Corona said was “well ahead of our guidance,” driven by stronger-than-expected data center sales. Acquisitions contributed $126 million, or 17 points of growth, and foreign exchange was roughly a 1-point tailwind.Wozniak said the fourth quarter marked the second consecutive quarter with sales above $1 billion and that both sales and EPS exceeded guidance. She also emphasized strong order and ...