nVent Electric beats expectations with record Q2 sales, raises guidance

Published 01/08/2025, 11:52
 nVent Electric beats expectations with record Q2 sales, raises guidance

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.