Quarterly ResultJul 31, 2026, 06:46 AM
nVent Q2 Sales $1.5B (+53%), EPS $1.32 (+103%); Raises FY Guidance
AI Summary
nVent Electric plc announced strong financial results for the second quarter of 2026, reporting record sales and earnings per share. The company's reported sales reached $1.5 billion, marking a 53% increase, with organic sales growing 47%. Diluted EPS surged by 103% to $1.32, and adjusted EPS rose 69% to $1.45. Following this performance, nVent significantly raised its full-year 2026 sales and EPS guidance, driven by robust data center growth and new product contributions, and announced a manufacturing expansion for liquid cooling.
Key Highlights
- Reported sales for Q2 2026 were $1.5 billion, an increase of 53% year-over-year.
- Organic sales grew 47% in Q2 2026.
- Reported diluted EPS was $1.32, up 103% year-over-year; Adjusted EPS was $1.45, up 69%.
- Full-year 2026 reported sales growth guidance raised to 37-39% (from 26-28%).
- Full-year 2026 adjusted EPS guidance raised to $5.00-$5.10 (from $4.45-$4.55).
- Systems Protection segment sales were $1.072 billion, up 70% year-over-year.
- Electrical Connections segment sales were $399 million, up 21% year-over-year.
- Free Cash Flow was $167 million, an increase of 125% year-over-year.
Price Impact
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