NYSE$NVT

nVent Electric plc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered results above guidance with strong growth and execution.

nVent announced strong Q3 2022 results, with sales of $745 million, up 16% and organically up 20%. Reported EPS was $0.55, up 25%, and adjusted EPS was $0.66, also up 25%. The company raised full-year sales and EPS guidance due to continued strong performance.

  • Reported sales of $745 million, up 16%; Organically up 20%
  • Reported EPS of $0.55, up 25%; Adjusted EPS of $0.66, up 25%
  • Generated Cash Flows from Operations of $136 million, up 18%; Free Cash Flow of $126 million, up 17%
  • Raising full-year sales and EPS guidance due to continued strong performance

Headline financials

Total Revenue

$745M

Previous: $643M+15.9%
EPS (adj)

$0.66

Previous: $0.53+24.5%
Adjusted ROS

19.3%

Previous: 18.4%+4.9%
Capital Expenditures

-$30.8M

Previous: -$25.2M-22.2%
Free Cash Flow

$62.6M

Previous: $49.1M+27.5%
Net Income

$93.4M

Previous: $74.3M+25.7%
Operating Income

$121M

Previous: $97.7M+23.3%
Gross Profit

$290M

Previous: $251M+15.8%
Cash & Equivalents

$194M

Previous: $46M+321.7%
Total Assets

$4.88B

Previous: $4.68B+4.2%

Revenue & EPS history

nVent · Revenue · Quarterly

$745M

Q3 2022+15.9%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The company estimates reported sales for the fourth quarter of 2022 to be up 4% to 6%, which represents an increase of 9% to 11% on an organic basis. The company estimates fourth quarter 2022 EPS on a GAAP basis of $0.47 to $0.49 and adjusted EPS of $0.56 to $0.58.

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 Q3 2022

Historical avgQ3 2022

+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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