nVent Electric reports Q3 adjusted EPS 91c, consensus 88c

Reports Q3 revenue $1.1B, consensus $1.01B. “This was our first billion-dollar sales quarter, and we had record orders, backlog and strong cash flow. We also launched a number of new products, expanded capacity in several facilities to support data center and power utility growth, and executed on our acquisition integration playbook,” said Beth Wozniak, nVent chair and CEO. “Our portfolio transformation is driving success, and we are raising our full-year sales and EPS guidance to reflect our record third quarter performance and our significant momentum in data centers. I want to recognize the hard work and dedication of our nVent team to deliver these outstanding results.”