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NEW YORK - nVent Electric PLC (NYSE:NVT) reported first-quarter earnings that exceeded analyst expectations and raised its full-year guidance on Friday.
The company’s shares were up 0.21% in premarket trading following the release.
The electrical connection and protection solutions provider posted adjusted earnings per share of $0.67, up 10% year-over-year and beating the analyst consensus of $0.65. Revenue rose 11% to $809 million, surpassing estimates of $795 million. Organic sales growth was 2%.
The company raised its full-year 2025 outlook, now expecting reported sales growth of 19-21% and organic growth of 5-7%, up from previous guidance of 8-10% reported and 4-6% organic growth. nVent also boosted its adjusted EPS forecast to $3.03-$3.13, representing 22-26% growth.
nVent saw double-digit order growth year-over-year and sequential backlog increases. Free cash flow jumped 32% to $44 million in Q1.
The company noted it is navigating tariff impacts with mitigating actions. It expects electrification, sustainability and digitalization trends to drive demand going forward.
nVent completed the sale of its Thermal Management business in January and acquired the Electrical Products Group of Avail Infrastructure Solutions in May as part of its portfolio transformation strategy.
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