NYSE$NVT
nVent Electric plc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
nVent reported record sales and strong cash flow, driven by new products, high-growth verticals, and acquisitions.
nVent Electric plc announced strong Q3 2024 financial results, with reported sales from continuing operations up 9% to $782 million and organic sales up 1%. The company updated its full-year 2024 guidance to reflect continuing operations, excluding the Thermal Management business.
- Reported sales from continuing operations increased by 9% to $782 million, with organic sales up 1%.
- Total sales reached $939 million, also up 9%.
- Reported EPS from continuing operations was $0.47, while adjusted EPS from continuing operations was $0.63.
- Cash flows from continuing operations increased by 29% to $158 million, and free cash flow from continuing operations rose by 33% to $143 million.
Headline financials
Revenue & EPS history
nVent · Revenue · Quarterly
$782M
Forward guidance
nVent updated its full-year 2024 guidance to reflect continuing operations. The company estimates full-year 2024 EPS of $1.99 to $2.01 on a GAAP basis and adjusted EPS of $2.49 to $2.51. For the fourth quarter 2024, the company estimates reported sales growth of 11 to 13 percent and organic sales growth of 1 to 3 percent, with EPS on a GAAP basis of $0.45 to $0.47 and adjusted EPS of $0.58 to $0.60.
Tailwinds
- Full-year 2024 reported sales growth estimated at approximately 13 percent.
- Full-year 2024 organic sales growth estimated at approximately 3 percent.
- Full-year 2024 EPS expected to be $1.99 to $2.01 on a GAAP basis.
- Full-year 2024 adjusted EPS expected to be $2.49 to $2.51.
- Fourth quarter 2024 reported sales growth estimated at 11 to 13 percent.
Headwinds
- Fourth quarter 2024 EPS on a GAAP basis estimated at $0.45 to $0.47.
- Fourth quarter 2024 adjusted EPS estimated at $0.58 to $0.60.
- The guidance is based on continuing operations, excluding the Thermal Management business.
- Forward-looking statements are subject to risks, uncertainties, assumptions, and other factors.
- Actual results could differ materially from those expressed or implied by forward-looking statements.
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 2024
+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
| Quarter | Report date | Reaction (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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