Acquisitions And Market ExpansionRecent acquisitions have positioned the data center and power utilities end-markets to represent about 20% of nVent’s total revenue, with expectations of double-digit growth.
Earnings ForecastContinued strong margin execution is expected, with earnings forecasts rising 5% or more once the pending EPG deal closes.
Full-Year GuidanceFull-Year Guidance Revised Upward with revenue expected to increase in a range of 19% to 21%.
Revenue GrowthThe company reported double-digit growth in orders, revenue, adjusted EPS, and free cash flow.