BofA update shows where active managers are putting money
LONDON - On Friday, nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, reported second quarter adjusted earnings per share of $0.86, exceeding analyst estimates of $0.79, while revenue reached a record $963 million, surpassing the consensus estimate of $908.06 million.
nVent’s stock remained unchanged in pre-market trading following the earnings release.
The company delivered impressive results with reported sales up 30% compared to the same period last year, with organic sales growth of 9%. Adjusted EPS increased 28% from $0.67 in the second quarter of 2024. The strong performance was driven by double-digit growth in orders and sales, with growth across all key geographic regions and strong contribution from new products.
"Our portfolio transformation to become a more focused, higher growth electrical connection and protection leader is delivering results and accelerating our growth. We had an outstanding quarter," said nVent Chair and Chief Executive Officer Beth Wozniak.
The company reported that its recent acquisitions of Trachte and Electrical Products Group performed better than expected, strengthening its position in high-growth infrastructure verticals including power utilities, data centers, and renewables.
For the second quarter, nVent generated $91 million in cash from operating activities and $74 million in free cash flow, compared to $117 million and $101 million respectively in the same period last year.
Based on the strong performance, nVent raised its full-year 2025 guidance, now expecting reported sales growth of 24% to 26%, up from previous guidance of 19% to 21%. The company also raised its organic sales growth forecast to 8% to 10%, compared to the previous 5% to 7%. Adjusted EPS guidance was increased to $3.22 to $3.30, up from the prior range of $3.03 to $3.13.
For the third quarter, nVent expects reported sales growth of 27% to 29% and organic sales growth of 11% to 13%, with adjusted EPS projected between $0.86 and $0.88.
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