NYSE$NVT

nVent Electric plc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Delivered robust sales growth and margin expansion.

nVent Electric plc announced strong second quarter results with sales up 34% and organic growth of 29%. The company raised its full-year sales and EPS guidance due to the strong second quarter performance and improved outlook.

  • Reported sales of $601 million, up 34%; Organically up 29%; All segments exceeded 2019 sales
  • Reported Return on Sales of 14.7%, up 460bps; Adjusted Return on Sales of 18.3%, up 300bps
  • Reported EPS of $0.39, up 160%; Adjusted EPS of $0.50, up 72%
  • Generated Cash Flows from Operations of $93 million; Free Cash Flow of $85 million, up versus 2020

Headline financials

Total Revenue

$601M

Previous: $447M+34.5%
EPS (adj)

$0.50

Previous: $0.29+72.4%
Adjusted ROS

18.3%

No prior period
Capital Expenditures

-$17.9M

Previous: -$17.2M-4.1%
Free Cash Flow

$48.3M

Previous: $8.6M+461.6%
Net Income

$66.2M

Previous: $25.8M+156.6%
Operating Income

$88.3M

Previous: $45.3M+94.9%
Gross Profit

$235M

Previous: $160M+46.7%
Cash & Equivalents

$102M

Previous: $235M-56.7%
Total Assets

$4.71B

Previous: $4.71B-0.1%

Revenue & EPS history

nVent · Revenue · Quarterly

$601M

Q2 2021+34.5%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company estimates reported sales for the third quarter of 2021 to be up 16% to 20%, which represents an increase of 10% to 13% on an organic basis. The company estimates third quarter 2021 EPS on a GAAP basis of $0.36 to $0.39 and adjusted EPS of $0.45 to $0.48.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+2.4%

Avg return

Earnings day

+3.9%

Avg return

5 days after

+6.4%

Avg return

30 days after

64%

23 / 36 earnings

Positive

+12.4%

Q3 2018

Best reaction

-13.0%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.3%+20.7%+16.8%
Q4 2025-1.1%-1.0%-6.9%
Q3 2025+7.6%+7.8%+2.8%
Q1 2025+5.7%+6.7%+16.7%
Q4 2024+3.5%+5.6%-13.4%
Q3 2024-7.8%+3.4%+5.0%
Q2 2024-3.0%+1.8%-0.7%
Q1 2024+6.3%+11.2%+13.2%
Q4 2023+1.5%+1.7%+10.8%
Q3 2023+1.9%+5.4%+15.6%
Q2 2023+1.1%+7.3%+1.6%
Q1 2023-2.6%-3.1%+2.1%
Q4 2022+10.5%+10.2%+11.1%
Q3 2022+6.6%+6.0%+17.3%
Q2 2022+2.5%+0.5%-2.8%
Q1 2022-0.7%+2.3%+3.9%
Q4 2021+4.1%-1.9%-0.3%
Q3 2021+9.8%+14.6%+12.3%
Q2 2021+5.2%+5.3%+8.3%
Q1 2021+0.4%+2.2%+7.3%
Q4 2020-4.9%-3.0%+18.2%
Q3 2020+4.2%+2.4%+30.5%
Q2 2020-0.1%-0.6%+6.0%
Q1 2020-2.3%-9.3%-4.0%
Q4 2019+6.3%+5.7%-10.9%
Q3 2019+5.4%+10.6%+12.9%
Q2 2019-13.0%-15.1%-18.3%
Q1 2019-3.3%-1.6%-15.5%
Q4 2018-0.2%+0.4%+11.1%
Q4 2017+12.4%+12.8%+18.4%
Q3 2017+12.4%+12.8%+18.4%
Q3 2018+12.4%+12.8%+18.4%
Q2 2017+0.3%+2.1%+4.3%
Q2 2018+0.3%+2.1%+4.3%
Q1 2018-3.4%+1.0%+8.4%
Q1 2017-3.4%+1.0%+8.4%
Q4 2016

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