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Nvent Electric (NVT)
:NVT
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.59Last Year’s EPS
0.78Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -3.97%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call revealed strong sales growth and financial performance, particularly in infrastructure and data solutions, despite challenges in some segments and geographic markets. The company is progressing well with acquisitions and investments but faces macroeconomic uncertainties.Company Guidance
During the third quarter earnings call for nVent Electric, the company provided several key metrics regarding its financial performance and future guidance. Sales were reported at $782 million, marking a 9% increase year-over-year, with organic growth contributing 1%. Adjusted operating income rose 4% to $168 million, while adjusted EPS was $0.63. Free cash flow was particularly strong, reaching $143 million, a 33% increase from the previous year. The company expects full-year 2024 adjusted EPS to range between $2.49 and $2.51, reflecting a 7% to 8% growth. For the fourth quarter, nVent projects sales growth of 11% to 13%, with organic sales up 1% to 3%. The company is also progressing with its portfolio transformation, highlighted by the sale of its Thermal Management business and the recent acquisition of Trachte, which is driving strong double-digit sales growth. Looking ahead to 2025, nVent anticipates robust growth, supported by its focus on high-growth verticals, new product launches, and strategic investments in its Data Solutions business.Record Sales Growth
Sales increased by 9% on a continuing operations basis, driven by strong performance in high-growth verticals and global expansion.
Strong Financial Performance
Adjusted operating income grew 4% year-over-year, and free cash flow was $143 million, up over 30%.
Successful Trachte Acquisition
The acquisition of Trachte is off to a strong start with double-digit sales growth and a robust backlog.
Infrastructure and Data Solutions Growth
Infrastructure sales led with low double digits growth organically, particularly in data solutions.
Positive Order Growth
Organic orders in Q3 grew mid-single digits year-over-year, indicating strong future demand.
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NVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $74.36 | $68.09 | -8.43% |
| Aug 06, 2024 | $62.25 | $60.68 | -2.52% |
| May 03, 2024 | $71.34 | $75.30 | +5.55% |
| Feb 06, 2024 | $62.36 | $61.18 | -1.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nvent Electric (NVT) report earnings?
Nvent Electric (NVT) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Nvent Electric (NVT) earnings time?
Nvent Electric (NVT) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NVT EPS forecast?
NVT EPS forecast for the fiscal quarter 2024 (Q4) is 0.59.
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