nVent Electric reports Q1 adjusted EPS $1.09, consensus 64c

Reports Q1 revenue $1.2B, consensus $1.11B. “We had a tremendous start to the year with record sales and orders, and our backlog increased to $2.6 billion,” said Beth Wozniak, CEO. “We saw growth across all verticals, with infrastructure leading, driven by broad-based data center growth in both the gray and white space. Our investments in new products and capacity have been key to our ability to scale and respond to customer demand. As a result of our strong first-quarter performance and significant momentum in data centers, we are raising our full-year sales and EPS guidance. I want to recognize the hard work and dedication of our nVent team to deliver these outstanding results.”