NYSE$NVT
nVent Electric plc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported record sales, earnings, and cash flow performance.
nVent announced strong fourth quarter performance with double-digit sales growth and margin expansion across all segments, contributing to record sales, margins, and cash flow for the full year. The company is optimistic about future growth, driven by electrification, sustainability, digitalization, AI acceleration and strategic acquisitions.
- Fourth quarter reported sales were $861 million, up 16%; Organically up 2%.
- Fourth quarter reported EPS was $1.51, up 61%; Adjusted EPS was $0.78, up 18%.
- Full-year Cash Flows from Operations were $528 million; Free Cash Flow was $465 million.
- The company issued full-year 2024 guidance: Reported sales growth of 8% to 10%; Organic sales growth of 3% to 5%.
Headline financials
Revenue & EPS history
nVent · Revenue · Quarterly
$861M
Forward guidance
The company introduces 2024 sales guidance of up 8 to 10 percent, which represents a range of a 3 to 5 percent increase in organic sales versus the prior year. The company expects full-year 2024 EPS on a GAAP basis of $2.73 to $2.83 and $3.17 to $3.27 on an adjusted basis, which both include an approximate $0.11 negative impact due to changes in global tax standards.
Tailwinds
- Reported sales growth of 8% to 10%.
- Organic sales growth of 3% to 5%.
- Full-year 2024 EPS on a GAAP basis of $2.73 to $2.83
- Adjusted EPS of $3.17 to $3.27
- First quarter 2024 EPS on a GAAP basis of $0.61 to $0.63 and adjusted EPS of $0.72 to $0.74
Headwinds
- Both EPS include an approximate $0.11 negative impact due to changes in global tax standards.
- The company estimates first quarter 2024 EPS on a GAAP basis of $0.61 to $0.63
- Adjusted EPS of $0.72 to $0.74
- Both include an approximate $0.03 negative impact due to changes in global tax standards.
- First quarter 2024 to be in the range of up 16 to 18 percent, which represents a 2 to 4 percent increase on an organic basis.
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 Q4 2023
+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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