nVent Q4 2022 Earnings Report
Key Takeaways
nVent reported strong Q4 2022 results with sales of $742 million, up 11% and organically up 15%. Reported EPS was $0.94, up 141%, and adjusted EPS was $0.66, up 32%. The company also issued full-year 2023 guidance, projecting sales growth of 3% to 5% and adjusted EPS of $2.51 to $2.61.
Fourth quarter sales increased by 11% to $742 million, with organic growth of 15%.
Reported EPS for the fourth quarter was $0.94, a 141% increase, while adjusted EPS was $0.66, up 32%.
Full-year sales reached a record $2.9 billion, up 18%, with organic growth of 20%.
The company provides full-year 2023 guidance, anticipating sales growth of 3% to 5% and adjusted EPS between $2.51 and $2.61.
nVent
nVent
nVent Revenue by Segment
Forward Guidance
The company introduces 2023 sales guidance of up 3 to 5 percent, which represents a range of a 4 to 6 percent increase in organic sales versus the prior year. The company expects full-year 2023 EPS on a GAAP basis of $2.16 to $2.26 and $2.51 to $2.61 on an adjusted basis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income