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Sep 30, 2020
nVent Q3 2020 Earnings Report
Sales and margin improved sequentially across all three segments.
Key Takeaways
nVent's third quarter sales were $509 million, down 9% year-over-year, with an adjusted EPS of $0.45. The company had a net loss of $(0.82) per share, which includes a $212 million non-cash goodwill impairment charge. The company issues guidance for the remainder of the year.
Reported sales of $509 million were down 9%; Organic sales down 14%
Reported EPS of $(0.82), which includes a $212 million non-cash goodwill impairment charge; Adjusted EPS of $0.45
Year-to-date Cash Flows from Operations of $204 million; $180 million of Free Cash Flow, up vs 2019
Continued investments in new products and digital; 33 new product launches year-to-date
Forward Guidance
The company estimates reported sales for the fourth quarter of 2020 to be down 12 percent to down 8 percent, which represents down 14 percent to down 10 percent on an organic basis. The company estimates fourth quarter 2020 EPS on a GAAP basis of $0.30 to $0.35 and adjusted EPS of $0.38 to $0.43.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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