nVent Reports Third Quarter 2019 Financial Results

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Go back to nVent Reports Third Quarter 2019 Financial Results

nVent Electric (NVT) Tops Q3 EPS by 2c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus

October 30, 2019 6:49 AM EDT

nVent Electric (NYSE: NVT) reported Q3 EPS of $0.49, $0.02 better than the analyst estimate of $0.47. Revenue for the quarter came in at $560 million versus the consensus estimate of $558.35 million.

Strong third quarter productivity and operational performanceReported sales of $560 million were down 1%; Organic sales down 1%Reported EPS of $0.35, down 8%; Adjusted EPS of $0.49, up 7%Reported return on sales of 15.4%, down 120 bps; Adjusted return on sales of 20.5%, up 10 bpsCompleted Eldon acquisition, strengthening global... More