nVent Q3 2023 Earnings Report
Key Takeaways
nVent reported Q3 2023 sales of $859 million, up 15% year-over-year. Reported EPS was $0.63, up 15%, and adjusted EPS was $0.84, up 27%. The company updated its full-year sales and adjusted EPS guidance.
Reported sales of $859 million up 15%, organic up slightly
Reported EPS of $0.63, up 15%; Adjusted EPS of $0.84, up 27%
Cash Flows from Operations of $145 million, up 7%; Free Cash Flow of $136 million, up 8%
Updating full-year sales and adjusted EPS guidance
nVent
nVent
nVent Revenue by Segment
Forward Guidance
The company estimates reported sales for the fourth quarter of 2023 to be up 15% to 17%, which represents an increase of 1% to 3% on an organic basis. The company estimates fourth quarter 2023 EPS on a GAAP basis of $0.61 to $0.63 and adjusted EPS of $0.73 to $0.75.
Revenue & Expenses
Visualization of income flow from segment revenue to net income