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Mar 31, 2024
nVent Q1 2024 Earnings Report
Reported record sales and strong EPS, and updated full-year guidance.
Key Takeaways
nVent had a strong start to the year with record sales of $875 million, up 18% and 5% organically, margin expansion, and robust cash flows. As a result of strong Q1 performance, the company is raising its full-year adjusted EPS guidance.
Reported sales of $875 million up 18%, organically up 5%
Reported EPS of $0.62, up 11%; Adjusted EPS of $0.77, up 15%
Cash Flows from Operations of $90 million, up 30%; Free Cash Flow of $74 million, up 41%
Updating full-year EPS guidance to $2.74 to $2.82; Raising adjusted EPS guidance to $3.22 to $3.30
Revenue by Segment
Forward Guidance
The company continues to expect reported sales growth for full-year 2024 of 8 to 10 percent and organic sales growth of 3 to 5 percent. The company now expects full-year 2024 EPS of $2.74 to $2.82 on a GAAP basis and adjusted EPS of $3.22 to $3.30.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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