DexCom earnings beat by $0.03, revenue topped estimates
LONDON - nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, reported fourth quarter earnings that met analyst expectations while revenue fell short. The company also provided guidance for the first quarter and full-year 2025.
nVent reported adjusted earnings per share of $0.59 for the fourth quarter, matching the analyst consensus estimate. Revenue for the quarter came in at $752 million, below the analyst estimate of $771.18 million. Compared to the same quarter last year, revenue increased 9% on a reported basis but decreased 1% organically.
For the full year 2024, nVent reported sales of $3.0 billion, up 13% compared to 2023 and a 2% increase organically. Adjusted earnings per share for the year were $2.49, a 7% increase from $2.32 in the prior year.
Looking ahead, nVent provided guidance for the first quarter of 2025, expecting adjusted earnings per share between $0.65 and $0.67, slightly below the analyst consensus of $0.68. For the full year 2025, the company forecasts adjusted earnings per share in the range of $2.98 to $3.08, with the midpoint slightly above the analyst estimate of $2.98.
"2024 marked a pivotal year with our strong performance and portfolio transformation, and I’m proud of all that our team accomplished," said Beth Wozniak, nVent’s chair and chief executive officer. "We are becoming a more focused, higher growth electrical connection and protection leader well positioned with the electrification, sustainability and digitalization megatrends."
The company reported strong cash flow performance, with full-year cash flow from operations of $501 million and free cash flow of $427 million from continuing operations.
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