nVent(US:NVT)2023-10-27 16:17Q3 2023 Financial Performance - Sales reached $859 million, a 15% increase year-over-year, with organic sales up slightly[19] - Segment income increased by 40% to $202 million, resulting in a Return on Sales (ROS) of 235%, a 420 bps expansion[19] - Adjusted EPS increased by 27% to $084[19] - Free cash flow increased by 8% to $136 million[19] Segment Performance - Enclosures sales increased by 6% to $413 million, with organic sales up 4% and ROS at 217% (+320bps)[10] - Electrical & Fastening sales increased by 45% to $302 million, but organic sales decreased by 4%, with ROS at 323% (+320bps); ECM Industries contributed $98 million to sales[10] - Management Thermal sales decreased by 3% to $144 million, with organic sales also down 3% and ROS at 242% (0bps)[10] Capital Allocation and Debt - Year-to-date, the company returned approximately $103 million in cash to shareholders[4] - Net debt to adjusted EBITDA ratio is at 24X[4] - The company maintains a strong liquidity position with $600 million available on revolver[4, 12] - The company has $113 million of cash on hand at quarter-end[14] 2023 Outlook - The company updated its full-year sales guidance to an increase of 12% to 13%, with organic sales up 3% to 4%[6] - Adjusted EPS guidance was updated to $301 to $303, an increase of 25% to 26%[6] - Acquisitions are expected to add approximately 9% to sales growth[6] - Capital expenditures are projected to be between $70 million and $75 million[6]