Loading...
•
Dec 31, 2023
nVent Q4 2023 Earnings Report
Reported record sales, earnings, and cash flow performance.
Key Takeaways
nVent announced strong fourth quarter performance with double-digit sales growth and margin expansion across all segments, contributing to record sales, margins, and cash flow for the full year. The company is optimistic about future growth, driven by electrification, sustainability, digitalization, AI acceleration and strategic acquisitions.
Fourth quarter reported sales were $861 million, up 16%; Organically up 2%.
Fourth quarter reported EPS was $1.51, up 61%; Adjusted EPS was $0.78, up 18%.
Full-year Cash Flows from Operations were $528 million; Free Cash Flow was $465 million.
The company issued full-year 2024 guidance: Reported sales growth of 8% to 10%; Organic sales growth of 3% to 5%.
Forward Guidance
The company introduces 2024 sales guidance of up 8 to 10 percent, which represents a range of a 3 to 5 percent increase in organic sales versus the prior year. The company expects full-year 2024 EPS on a GAAP basis of $2.73 to $2.83 and $3.17 to $3.27 on an adjusted basis, which both include an approximate $0.11 negative impact due to changes in global tax standards.
Positive Outlook
- Reported sales growth of 8% to 10%.
- Organic sales growth of 3% to 5%.
- Full-year 2024 EPS on a GAAP basis of $2.73 to $2.83
- Adjusted EPS of $3.17 to $3.27
- First quarter 2024 EPS on a GAAP basis of $0.61 to $0.63 and adjusted EPS of $0.72 to $0.74
Challenges Ahead
- Both EPS include an approximate $0.11 negative impact due to changes in global tax standards.
- The company estimates first quarter 2024 EPS on a GAAP basis of $0.61 to $0.63
- Adjusted EPS of $0.72 to $0.74
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...