Loading...
•
Dec 31, 2020
nVent Q4 2020 Earnings Report
nVent reported sales down 8% and EPS of $0.28.
Key Takeaways
nVent announced fourth quarter and full-year 2020 financial results, with sales improving sequentially across all three segments. The company reported strong cash flow and a record number of new product launches and digital advancements.
Fourth quarter reported sales of $521 million were down 8%; Organic sales down 11%.
Fourth quarter reported EPS of $0.28; Adjusted EPS of $0.43.
Full-year Cash Flows from Operations of $344 million; $306 million of Free Cash Flow.
Record 53 new product launches and significant digital advancements.
nVent
nVent
Forward Guidance
The company is introducing 2021 sales guidance of up 4 to 8 percent, which represents a range of a 3 to 6 percent increase in organic sales versus the prior year. The company expects full-year 2021 EPS on a GAAP basis of $1.27 to $1.37 and $1.58 to $1.68 on an adjusted basis.