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Jun 30, 2021
nVent Q2 2021 Earnings Report
Delivered robust sales growth and margin expansion.
Key Takeaways
nVent Electric plc announced strong second quarter results with sales up 34% and organic growth of 29%. The company raised its full-year sales and EPS guidance due to the strong second quarter performance and improved outlook.
Reported sales of $601 million, up 34%; Organically up 29%; All segments exceeded 2019 sales
Reported Return on Sales of 14.7%, up 460bps; Adjusted Return on Sales of 18.3%, up 300bps
Reported EPS of $0.39, up 160%; Adjusted EPS of $0.50, up 72%
Generated Cash Flows from Operations of $93 million; Free Cash Flow of $85 million, up versus 2020
Forward Guidance
The company estimates reported sales for the third quarter of 2021 to be up 16% to 20%, which represents an increase of 10% to 13% on an organic basis. The company estimates third quarter 2021 EPS on a GAAP basis of $0.36 to $0.39 and adjusted EPS of $0.45 to $0.48.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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