Loading...
•
Mar 31, 2021
nVent Q1 2021 Earnings Report
Returned to growth with strong execution across all segments, exceeding previously issued guidance.
Key Takeaways
nVent Electric plc announced strong first quarter performance, exceeding guidance with sales of $549 million, up 5% from Q1 2020. The company reported EPS of $0.39 and adjusted EPS of $0.43, with significant margin expansion and strong cash flow. They are raising full-year sales and EPS guidance.
Reported sales of $549 million, up 5%, led by Enclosures up 7%; nVent organic sales up 2%
Reported EPS of $0.39; Adjusted EPS of $0.43, exceeding high end of guidance range
Cash Flows from Operations of $50 million; $40 million of Free Cash Flow, up vs 2020
Raising full-year sales and EPS guidance
Forward Guidance
The company now estimates reported sales growth for the full-year 2021 of up 8 to 11 percent and full-year 2021 EPS of $1.39 to $1.47 on a GAAP basis and adjusted EPS of $1.67 to $1.75. The company estimates reported sales for the second quarter of 2021 to be up 18 to 21 percent and second quarter 2021 EPS on a GAAP basis of $0.28 to $0.32 and adjusted EPS of $0.36 to $0.40.
Positive Outlook
- Full-year sales growth of 8-11%
- Organic sales growth of 5-8%
- Full-year EPS of $1.39 to $1.47 (GAAP)
- Full-year adjusted EPS of $1.67 to $1.75
- Second quarter sales growth of 18-21%
Challenges Ahead
- Second quarter EPS of $0.28 to $0.32 (GAAP)
- Second quarter adjusted EPS of $0.36 to $0.40
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...