nVent Q1 2020 Earnings Report
Key Takeaways
nVent reported a decrease in sales and earnings per share for the first quarter of 2020, primarily due to the impact of the COVID-19 pandemic. The company withdrew its 2020 financial guidance due to uncertainties related to the pandemic.
Reported sales were $521 million, down 3% year-over-year, with organic sales down 8%.
Reported EPS was $0.11, a 66% decrease, while adjusted EPS was $0.34, a 13% decrease.
Operating income was $60 million, down 22% compared to the first quarter of 2019.
The company withdrew its previous 2020 financial guidance due to uncertainties from the rapidly changing environment as the COVID-19 pandemic evolves.
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nVent Revenue by Segment
Forward Guidance
The company is withdrawing its previous 2020 financial guidance due to uncertainties from the rapidly changing environment as the COVID-19 pandemic evolves.
Revenue & Expenses
Visualization of income flow from segment revenue to net income