Financial Performance (Q1 2025) - GAAP Revenues were $219.5 million[9] - GAAP Gross Margin was 8.0%[10] - GAAP Net Loss was $(98.5) million[10, 11] - Non-GAAP Net Loss was $(66.1) million[9, 10] - Cash provided by operating activities was $33.8 million[10] - Cash, Deposits and Investments, Net of Debt was $113.2 million[10] Market Trends and Growth - Global population is projected to increase by 22% (+1.7 billion) from 2022-2050[17, 18] - Urbanization is expected to increase from 55% to 80% between 2020 and 2050[19] - Electric Vehicle penetration is projected to increase from 1% to 86% between 2020 and 2050[19] - There is a 68% increase in energy sector investment technologies from 2015-2022, totaling $62 billion in 2022[31]

Financial Data and Key Metrics Changes - Sales increased by 112% organically, driven by the infrastructure vertical, with new products contributing over two points to sales growth [9] - Adjusted operating income grew by 4% year over year, with a return on sales of 20% [9] - Adjusted EPS increased by 10%, and free cash flow grew by 32% [9][15] Business Line Data and Key Metrics Changes - Systems Protection segment sales increased by 16%, driven by the Track D acquisition, while organic sales were flat [16] - Electrical Connections segment sales rose by 3%, with organic sales up by 4% [18] - Infrastructure sales grew in the mid-teens, with strength in Data Solutions and Power Utilities [10][16] Market Data and Key Metrics Changes - The Americas experienced low single-digit sales decline, while Europe was flat and Asia Pacific grew in the high teens [10][16] - Organic orders were up in the mid-teens, with strong double-digit growth in Data Solutions [11][68] Company Strategy and Development Direction - The company is focused on portfolio transformation, having divested the Thermal Management business and acquired the AVAIL Electrical Products Group [8][28] - The infrastructure vertical is expected to account for over 40% of sales, with Data Solutions and Power Utilities each contributing approximately 20% [29][30] - The company is prioritizing growth through new products, acquisitions, and capacity expansion [11][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong sales growth in the second half of the year, particularly in infrastructure and data solutions [11][24] - The company is taking steps to mitigate tariff impacts through pricing, productivity, and supply chain actions [11][25] - Overall, management is optimistic about the company's positioning in the electrification, sustainability, and digitalization trends [35] Other Important Information - The company ended the quarter with over $1.3 billion in cash and repaid $390 million of term loans [21] - A quarterly dividend increase of 5% was announced, with significant capital returned to shareholders through share repurchases [23] Q&A Session Summary Question: Comments on the data solutions business and order pace - Management noted strong double-digit growth in data solutions, with a growing backlog providing visibility into the second half [41][42] Question: Contribution and synergies from recent acquisitions - Management confirmed that the AVAIL acquisition will contribute a nickel to EPS and highlighted potential cost synergies from both AVAIL and Track D [52][46] Question: Organic sales outlook and confidence in second half acceleration - Management indicated strong orders and backlog in data solutions and power utilities, expecting growth to accelerate in the second half [57][58] Question: Impact of tariffs on margins - Management expects first half margins to be impacted by tariffs, with a positive flip in the second half as pricing and productivity measures take effect [61][62] Question: Clarification on tariff impacts and pricing strategies - Management stated that the tariff impact is primarily from steel and aluminum, and they are actively managing pricing through various strategies [92][105] Question: Insights on the power utility segment - Management highlighted that power utilities now represent about 20% of sales, with strong growth expected from recent acquisitions [95][96]

Financial Data and Key Metrics Changes - The company reported a strong first quarter with sales up 112% organically, driven by the infrastructure vertical [11] - Adjusted EPS grew 10% to $0.67, and free cash flow increased by 32% to $44 million [17] - The company raised its full-year sales guidance to 19% to 21% growth and adjusted EPS guidance to $3.30 to $3.13, reflecting strong performance in Data Solutions and Power Utilities [25][26] Business Line Data and Key Metrics Changes - Systems Protection segment sales increased by 16%, driven by the Track D acquisition, while organic sales were flat [18] - Electrical Connections segment sales grew by 3%, with organic sales up 4% [20] - Infrastructure vertical sales grew in the mid-teens, while Commercial Resi declined low single digits [12] Market Data and Key Metrics Changes - Organic orders were up mid-teens, with strong double-digit growth in Data Solutions [13] - The Americas saw low single-digit growth, while Europe was flat and Asia Pacific grew in the high teens [12] - The infrastructure vertical is expected to account for over 40% of sales, with Data Solutions and Power Utilities each contributing approximately 20% [30] Company Strategy and Development Direction - The company is focused on portfolio transformation, having divested the Thermal Management business and acquired the AVAIL Electrical Products Group [10][29] - The strategy emphasizes growth in electrical infrastructure, data solutions, and power utilities, aligning with trends in electrification and sustainability [30][31] - The company plans to invest in R&D and capital expenditures to support growth and supply chain resiliency [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand for electrical infrastructure products, anticipating a 50% increase in electricity demand by 2050 [32] - The company is taking steps to mitigate tariff impacts through pricing, productivity, and supply chain actions [13][26] - Management remains optimistic about the second half of the year, expecting strong growth driven by backlog and order strength [60] Other Important Information - The company has a strong balance sheet with over $1.3 billion in cash and $600 million available on its revolver [22] - The company repurchased approximately $250 million in shares year-to-date, exceeding its plan [24] - The recent sustainability report highlighted the company's commitment to reducing CO2 emissions and improving employee satisfaction [34] Q&A Session Summary Question: Can you provide more details on the data solutions business and order demand? - Management indicated strong double-digit growth in data solutions, with a growing backlog providing visibility into the second half of the year [40] Question: What are the contributions and synergies from the recent acquisitions? - The AVAIL acquisition is expected to contribute a nickel to EPS, with strong growth and cost synergies anticipated [51][52] Question: How confident is the company in the second half organic sales growth? - Management expressed confidence in strong orders and backlog, particularly in data solutions and power utilities, which are expected to drive growth [58][60] Question: What is the impact of tariffs on margins and pricing? - Management noted that tariffs are expected to impact margins in the first half, but pricing and productivity measures are anticipated to offset these impacts in the second half [61][62] Question: Can you clarify the order growth and its organic nature? - Management confirmed that organic orders were up mid-teens, with strong contributions from data solutions and infrastructure [68] Question: What is the outlook for the commercial residential segment? - Management revised expectations for commercial residential to flattish growth due to tariff impacts and market uncertainty [90]

Executive Appointments - Critical Metals Corp has appointed Sergey Savchenko as Chief Financial Officer, George Karageorge as Chief Technical Officer, Thomas McNamara as Director of Corporate Development & Investor Relations, and John Thomas as General Counsel, effective immediately [1][2][10] - Sergey Savchenko brings over 24 years of experience in accounting and finance, having been involved in the company's Nasdaq listing [2][3] - George Karageorge has over 30 years of experience in mining and engineering, responsible for technical reporting and project development [4][6] - Thomas McNamara has more than two decades of experience in metals and mining portfolio management, overseeing corporate development strategies and investor relations [8][9] - John Thomas has over 30 years of legal experience, previously serving as VP and General Counsel for Medtronic's operations in Greater China [10][11] Strategic Initiatives - The company has signed a binding agreement with European Lithium and Rimbal to lock up the majority shareholders' current holdings for 180 days, demonstrating shareholder confidence [15][16] - Critical Metals Corp issued 5,000,000 ordinary shares to Rimbal as part of the acquisition of the Tanbreez project, with plans to invest $10 million in exploration to acquire an additional 50.5% equity interest [12][14] - The company is focused on advancing its flagship Tanbreez project in Greenland and the Wolfsberg Lithium Project in Austria, both of which are strategically positioned to meet the growing demand for critical minerals [18][19] Market Positioning - Critical Metals Corp is positioned to capitalize on the strong demand for critical minerals in the West, supported by geopolitical factors [3] - The Tanbreez project is one of the world's largest rare earth deposits, expected to have year-round shipping access via deep water fjords [18] - The Wolfsberg Lithium Project is the first fully permitted mine in Europe, strategically located to support the European market for lithium products [19][20]

Craig Arnold, Paulo Ruiz & Olivier Leonetti | May 2, 2025 First Quarter 2025 Earnings Release © 2025 Eaton. All rights reserved. 1 Forward-looking statements and non-GAAP financial information This presentation or the comments we make on our call today contain forward-looking statements concerning, among other matters, full year and second quarter 2025 adjusted earnings per share, organic revenue growth and segment operating margins; full year 2025 cash flow, capital expenditures, end markets, and anticipat ...

nVent First Quarter 2025 Earnings Presentation May 2, 2025 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," "believes," "expects," "intends," "will," "like ...

Financial Data and Key Metrics Changes - The company's first quarter 2025 revenues were $834 million, an increase of $18 million or 2.2% compared to the same period last year [10] - Net income for the first quarter was $23 million, compared to $19 million for the same period last year, with net income per diluted share increasing by 29% to $1.45 [15] - EBITDA for the first quarter was $50 million, up from $40 million in the same period last year [15] - Operating cash flow was $83 million, significantly higher than $8 million for the same period last year [16] - Free cash flow was $70 million, compared to negative free cash flow of $18 million for the same period last year [16] Business Segment Data and Key Metrics Changes - Transmission and Distribution (T&D) revenues were $462 million, a decrease of 5.8% year-over-year, with transmission revenues at $270 million and distribution revenues at $192 million [10] - Commercial and Industrial (C&I) revenues were $372 million, an increase of 14.4% year-over-year, driven by fixed price contracts and T&E contracts [11] - T&D operating income margin improved to 7.8% from 6.1% year-over-year, while C&I operating income margin increased to 4.7% from 3.5% [12] Market Data and Key Metrics Changes - Total backlog as of March 31, 2025, was $2.64 billion, a 9% increase from the previous year, with T&D segment backlog at $873 million and C&I segment backlog at $1.77 billion [15] - The utility market is seeing significant investments, with new transmission projects approved amounting to $5.9 billion and additional plans of $6.7 billion [18][19] Company Strategy and Development Direction - The company aims to remain a strong partner by executing projects with superior quality and strategically pursuing new opportunities [8] - There is a commitment to operational consistency and long-term growth, with a focus on maintaining strong customer relationships [8][26] - The company is monitoring and pursuing project opportunities related to electrical infrastructure expansion in the U.S. and Canada [19] Management's Comments on Operating Environment and Future Outlook - Management noted that there have been no significant pullbacks from clients despite discussions around tariffs and inflation [30] - The company remains optimistic about the market, expecting continued growth in core segments, particularly in data centers and clean energy [23][24] - Management emphasized the importance of balancing organic growth, acquisitions, and share repurchase strategies [31][39] Other Important Information - The effective tax rate for the first quarter was 28.9%, up from 18% in the same period last year, primarily due to the absence of stock compensation excess tax benefits [14] - The company has a strong funded debt to EBITDA leverage ratio of 0.68 times as of March 31, 2025, indicating a solid financial position [17] Q&A Session Summary Question: How is the backlog and pipeline of opportunities on the C&I side? - Management reported active conversations with clients and no signs of pullback, indicating a positive outlook for the market [30] Question: What are the capital allocation priorities for the rest of the year? - The focus remains on supporting organic growth and being positioned for potential acquisitions, with no new share repurchase program announced at this time [31][32] Question: Can you confirm the margin targets for the year? - Management expects to maintain margins in the mid-range of their target of 7% to 10.5% [42] Question: How are tariffs impacting the cost profile, particularly on the C&I side? - Management acknowledged potential impacts from tariffs but emphasized that they are monitoring the situation closely [66] Question: What is the outlook for revenue growth in the T&D segment? - Management anticipates higher single-digit growth for the core T&D segment, excluding solar projects, which are expected to be a headwind [57][58]

Financial Data and Key Metrics Changes - The company's first quarter 2025 revenues were $834 million, an increase of $18 million or 2.2% compared to the same period last year [10] - Net income for the first quarter was $23 million, compared to $19 million for the same period last year, with net income per diluted share increasing by 29% to $1.45 [15] - EBITDA for the first quarter was $50 million, up from $40 million year-over-year [15] - Operating cash flow was $83 million, significantly higher than $8 million for the same period last year [16] - Free cash flow was $70 million, compared to negative free cash flow of $18 million for the same period last year [16] Business Segment Data and Key Metrics Changes - Transmission and Distribution (T&D) revenues were $462 million, a decrease of 5.8% year-over-year, with transmission revenues at $270 million and distribution revenues at $192 million [10] - Commercial and Industrial (C&I) revenues were $372 million, an increase of 14.4% year-over-year, driven by fixed price contracts and T&E contracts [11] - T&D operating income margin improved to 7.8% from 6.1% year-over-year, while C&I operating income margin increased to 4.7% from 3.5% [12] Market Data and Key Metrics Changes - Total backlog as of March 31, 2025, was $2.64 billion, a 9% increase from the previous year, with T&D segment backlog at $873 million and C&I segment backlog at $1.77 billion [15] - The utility market is seeing significant investments, with new transmission projects approved amounting to $5.9 billion and additional plans of $6.7 billion [18][19] Company Strategy and Development Direction - The company aims to remain a strong partner while executing projects with superior quality, focusing on operational consistency and long-term growth [8][9] - There is a commitment to strategically pursue new opportunities in response to growing electrification demand [8] - The company plans to continue investing in the safety and development of its teams, which are seen as critical to success [26] Management's Comments on Operating Environment and Future Outlook - Management noted that conversations with clients remain active, with no significant pullback observed despite discussions around tariffs and inflation [31] - The company expects to maintain a mid-range margin profile for the year, targeting 7% to 10.5% [43] - Management remains optimistic about growth opportunities in core markets, particularly in data centers and clean energy [23][24] Other Important Information - The company has a strong funded debt to EBITDA leverage ratio of 0.68 times as of March 31, 2025, indicating a solid financial position [17] - The company has exhausted its current share repurchase program, with no new program announced at this time, focusing instead on organic growth and potential acquisitions [32][33] Q&A Session Summary Question: Inquiry about C&I backlog and pipeline of opportunities - Management indicated active conversations with clients and no observed pullback in the market, maintaining a positive outlook [31] Question: Capital allocation priorities and share repurchase plans - The company prioritizes growth and is open to share repurchase if market conditions allow, but no new program is currently in place [32][33] Question: Impact of tariffs on cost profile and margins - Management acknowledged potential impacts from tariffs but emphasized that current contracts have stronger language to mitigate risks [67][68] Question: Future revenue growth expectations - Management expects higher single-digit growth for the core T&D segment, excluding solar, with a focus on maintaining margin profiles [57][58] Question: Details on a sizable transmission project in Virginia - The project is classified as midsized, with revenue expected to be recognized by the end of the year or early next year [66]

Financial Data and Key Metrics Changes - The company's first quarter 2025 revenues were $834 million, an increase of $18 million or 2.2% compared to the same period last year [8] - First quarter net income was $23 million, compared to $19 million for the same period last year, with net income per diluted share increasing 29% to $1.45 from $1.12 [14] - EBITDA for the first quarter was $50 million, up from $40 million year-over-year [14] - Operating cash flow was $83 million, significantly higher than $8 million for the same period last year [15] - Free cash flow was $70 million, compared to negative free cash flow of $18 million for the same period last year [15] Business Line Data and Key Metrics Changes - Transmission and Distribution (T&D) revenues were $462 million, a decrease of 5.8% year-over-year, with transmission revenues at $270 million and distribution revenues at $192 million [9] - Commercial and Industrial (C&I) revenues were $372 million, an increase of 14.4% year-over-year, driven by fixed price contracts and T&E contracts [10] - T&D operating income margin improved to 7.8% from 6.1% year-over-year, while C&I operating income margin increased to 4.7% from 3.5% [11][12] Market Data and Key Metrics Changes - Total backlog as of March 31, 2025, was $2.64 billion, a 9% increase from the previous year, with T&D segment backlog at $873 million and C&I segment backlog at $1.77 billion [14] - The utility market is seeing significant opportunities, including $5.9 billion in new transmission projects approved by PJM and $6.7 billion in MISO transmission planning [17][18] Company Strategy and Development Direction - The company remains committed to operational consistency and expanding customer relationships through master service agreements and strategic pursuits [6] - There is a focus on capturing growth opportunities in electrical infrastructure due to increasing demand for electrification [6] - The company plans to continue investing in the development and safety of its teams, which are seen as critical to success [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the active market and ongoing conversations with clients, indicating no current pullback in project commitments [31] - The company is monitoring macroeconomic factors such as tariffs and inflation but has not seen significant impacts on its core business [50] - Future growth is anticipated in core markets, particularly in data centers, healthcare, and clean energy, with positive forecasts for 2025 [22] Other Important Information - The company has maintained a strong funded debt to EBITDA leverage ratio of 0.68 times as of March 31, 2025 [16] - SG&A expenses increased to $62.5 million, primarily due to higher employee-related expenses [12] Q&A Session Summary Question: Inquiry about C&I backlog and pipeline of opportunities - Management noted active conversations with clients and no signs of pullback, indicating a positive outlook for the market [31] Question: Capital allocation priorities and share repurchase plans - The company is prioritizing growth and is not announcing another share repurchase program at this time, but remains flexible to market conditions [32][33] Question: Impact of tariffs on clean energy projects - Management acknowledged potential pauses in some geographic areas but emphasized that the core business remains strong [50] Question: Free cash flow expectations for the rest of the year - Management highlighted a strong financial position but noted variability in free cash flow conversion due to project timing and payment terms [36] Question: CapEx decisions and purchasing strategies - The company indicated that lower CapEx in the first quarter was due to timing and that they continue to use a mix of purchasing and rental strategies for equipment [55] Question: Expectations for T&D revenue growth and solar project impacts - Management confirmed expectations for mid-single-digit growth in the core T&D segment, with solar projects presenting a headwind [58][61]

Financial Data and Key Metrics Changes - Revenue totaled $4.8 billion, down 1% year-over-year due to lower vehicle production in North America and Europe and negative customer mix [5][20] - Operating income reached a record $572 million, an increase of over 5%, reflecting strong operating execution and ongoing cost reduction initiatives [5][20] - Earnings per share hit a record of $1.69, a 46% increase from the prior year, driven by higher operating income and share count reductions [5][21] - Operating cash flow totaled $273 million, positioning the company to accelerate its deleveraging plan [5][29] Business Line Data and Key Metrics Changes - Advanced Safety and User Experience (ASUX) segment revenues were flat, with Active Safety revenues increasing by 9% and User Experience down 14% due to the roll-off of legacy programs [12][24] - Engineered Components Group (ECG) revenues increased by 1%, driven by 24% growth in China, offsetting declines in North America and Europe [14][26] - Electrical Distribution Systems (EDS) revenues declined by 3%, primarily due to lower light vehicle production, but bookings included over $1 billion in new business awards [16][26] Market Data and Key Metrics Changes - In North America, revenues were down 2%, while in Europe, revenues decreased by 4% year-over-year [22][23] - In China, revenues grew by 2% year-over-year, driven by growth with local OEMs, despite significant production volume declines with a specific EV customer [23][26] Company Strategy and Development Direction - The company is focused on the transition to electrified, software-defined, and connected solutions, positioning itself to enable this transition across multiple end markets [6][8] - The separation of the EDS business is on track, expected to create two independent public companies with unique product portfolios and financial profiles [6][32] - The company is adapting to evolving trade policies and customer needs, optimizing its supply chain and manufacturing footprint to mitigate tariff impacts [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth drivers of the business, despite current uncertainties due to rapid changes in global trade policies [7][8] - The company plans to update its full-year outlook once visibility improves, particularly regarding customer demand in the second half of the year [8][31] - Management highlighted strong cash flow generation and a robust balance sheet, providing flexibility to pursue growth opportunities [29][30] Other Important Information - The company completed a $3 billion accelerated share repurchase program, reducing its share count by 18% [6] - Bookings for the first quarter were nearly $5 billion, with strong traction in China and across various segments [10][11] Q&A Session Summary Question: Outlook and Tariff Impact - Management confirmed that the second quarter outlook is based on current visibility, with a focus on vehicle production and customer pricing strategies for the second half [34][36] Question: High-Value Production Relocation - Management indicated that high-value production could potentially move back to the U.S., but this does not include the wire harness business [38][40] Question: Advanced Content Bidding Launches - Management noted robust activity in advanced content bidding, although customer award timelines have been delayed [44][45] Question: EDS Spin Update - The separation plan for EDS remains unchanged, focusing on growth and efficiency improvements [46][47] Question: Volume Decline Implications - Management clarified that the volume decline in the second half is primarily due to uncertainty in vehicle production schedules [50][52] Question: China Market Performance - Management acknowledged strong growth in China, despite being impacted by a significant global EV manufacturer [60][61] Question: Tariff Commentary - Management confirmed that 99% of goods imported are USMCA compliant, implying minimal tariff costs [76][77]