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
nVent Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income