nVent Electric (NVT) Tops Q3 EPS by 11c; Offers FY23 EPS Guidance

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Go back to nVent Electric (NVT) Tops Q3 EPS by 11c; Offers FY23 EPS Guidance

nVent Announces Third Quarter 2023 Financial Results

October 27, 2023 6:30 AM EDT

Record sales and strong EPS; updating full-year guidance

Reported sales of $859 million up 15%, organic up slightly Reported EPS of $0.63, up 15%; Adjusted EPS of $0.84, up 27% Cash Flows from Operations of $145 million, up 7%; Free Cash Flow of $136 million, up 8% Updating full-year sales and adjusted EPS guidance Reported sales growth of 12% to 13%; Organic sales growth of 3% to 4% Reported EPS of $2.46 to $2.48; Adjusted EPS of $3.01 to $3.03

Reconciliations of GAAP (reported) to Non-GAAP measures are in the attached financial tables.

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