Record-Breaking Results
nVent delivered record sales and adjusted EPS in the second quarter, with sales up 30% and organic sales up 9%. Adjusted EPS grew by 28%.
Strong Performance in Key Verticals
Infrastructure led the way with organic sales up over 20%, driven by data centers and power utilities. Commercial residential sales grew mid-single digits.
Successful Acquisitions
The Trachte and Electrical Products Group acquisitions contributed significantly to growth, adding $153 million to sales.
Growth in Data Center Segment
There was strong growth in the data solutions business, supported by the AI build-out, leading to record orders and backlog.
Improved Guidance
nVent raised its full-year sales and adjusted EPS guidance, with expected sales growth of 24% to 26% and adjusted EPS growth of 29% to 33%.
Robust Free Cash Flow
The company generated robust free cash flow of $74 million in the second quarter.
Increased Investment in Growth
nVent is investing in growth through R&D and CapEx, with a focus on data solutions and recent acquisitions.