nVent Electric (NVT) Misses Q4 EPS by 1c, Revenues Beat; Offers Q1 & FY19 EPS Guidance
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nVent Reports Fourth Quarter and Full-Year 2018 Financial Results
January 31, 2019 6:45 AM ESTAnother Strong Quarter Drives Full-Year Sales up 6%
Fourth quarter reported sales of $568 million were up 5%; Organic sales up 6%. Full-year reported sales of $2.2 billion were up 6%; Organic sales up 5%. Fourth quarter reported EPS of $0.37; Adjusted EPS of $0.45. Full-year reported EPS of $1.28; Adjusted EPS of $1.74. Full-year net cash provided by operating activities of $344 million; Returned approximately $120 million in cash to shareholders through dividends and share repurchases.Reconciliations of GAAP (reported) to Non-GAAP measures are in the attached financial tables.
LONDON--(BUSINESS... More
