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nVent Electric Q2 2023 Earnings Report

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$52.89 -1.70 (-3.12%)
As of 03:59 PM Eastern
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nVent Electric EPS Results

Actual EPS
$0.77
Consensus EPS
$0.68
Beat/Miss
Beat by +$0.09
One Year Ago EPS
$0.57

nVent Electric Revenue Results

Actual Revenue
$803.00 million
Expected Revenue
$809.05 million
Beat/Miss
Missed by -$6.05 million
YoY Revenue Growth
+10.30%

nVent Electric Announcement Details

Quarter
Q2 2023
Time
Before Market Opens

Conference Call Resources

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nVent Electric Earnings Headlines

nVent Electric price target lowered to $75 from $84 at KeyBanc
New “Trump” currency proposed in DC
A former U.S. Presidential Advisor has come forward with a stern warning to investors: “Get out of tech, now!” Jim Rickards is one of the most connected men in Washington.
nVent Electric price target lowered to $75 from $83 at Barclays
nVent Electric (NVT) Gets a Buy from Barclays
nVent Electric (NYSE:NVT) Price Target Lowered to $75.00 at Barclays
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About nVent Electric

nVent Electric (NYSE:NVT), together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to protect electronics and data in mission critical applications, including data solutions. This segment also offers digital and automation solutions, system integrations, and global services. The Electrical & Fastening Solutions segment provides solutions that connect and protect power and data infrastructure. This segment also offers power connections, fastening solutions, cable management solutions, grounding and bonding systems, and tools and test instruments. The Thermal Management segment offers heat management solutions that protect people and assets. This segment includes heat tracing for freeze protection and process temperature maintenance and control; pipe freeze protection, surface deicing, hot water temperature maintenance, floor heating, fire-rated wiring, and leak detection; and heat trace systems, connected controls, remote monitoring, and annual service programs. The company markets its products through electrical distributors, contractors, and original equipment manufacturers under the CADDY, ERICO, GARDNER BENDER, HOFFMAN, ILSCO, RAYCHEM, SCHROFF, and TRACER brand names. Its products are used for various applications, such as industrial, commercial and residential, infrastructure, and energy. nVent Electric plc was founded in 1903 and is based in London, the United Kingdom.

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