nVent Q3 2022 Earnings Report
Key Takeaways
nVent announced strong Q3 2022 results, with sales of $745 million, up 16% and organically up 20%. Reported EPS was $0.55, up 25%, and adjusted EPS was $0.66, also up 25%. The company raised full-year sales and EPS guidance due to continued strong performance.
Reported sales of $745 million, up 16%; Organically up 20%
Reported EPS of $0.55, up 25%; Adjusted EPS of $0.66, up 25%
Generated Cash Flows from Operations of $136 million, up 18%; Free Cash Flow of $126 million, up 17%
Raising full-year sales and EPS guidance due to continued strong performance
nVent
nVent
Forward Guidance
The company estimates reported sales for the fourth quarter of 2022 to be up 4% to 6%, which represents an increase of 9% to 11% on an organic basis. The company estimates fourth quarter 2022 EPS on a GAAP basis of $0.47 to $0.49 and adjusted EPS of $0.56 to $0.58.