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Mar 31, 2020
nVent Q1 2020 Earnings Report
nVent's first quarter performance was impacted by the COVID-19 pandemic, with sales declining and adjusted EPS decreasing.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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