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Overview

* nVent Q3 sales of $1.1 bln beat analyst expectations, up

35%

yr/yr

* Adjusted EPS for Q3 rises 44%, reflecting strong

operational

performance

* Company raises full-year sales and EPS guidance, citing

record

Q3 performance

Outlook

* nVent raises full-year sales growth guidance to 27% to 28%

* nVent expects full-year adjusted EPS of $3.31 to $3.33

* Company estimates Q4 reported sales growth of 31% to 33%

Result Drivers

* NEW PRODUCTS AND CAPACITY EXPANSION - nVent launched new

products and expanded capacity to support data center and power

utility growth

* ACQUISITION INTEGRATION - Effective execution on

acquisition

integration contributed to strong Q3 results

* PORTFOLIO TRANSFORMATION - Portfolio transformation is

driving

success, leading to raised full-year sales and EPS guidance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $1.10 $1 bln

bln (11

Analysts

)

Q3 EPS $0.73

Q3 Free $253 mln

Cash

Flow

Q3 $166 mln

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy"

and

the breakdown of recommendations is 13 "strong buy" or "buy", no

"hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electrical

components & equipment peer group is "buy"

* Wall Street's median 12-month price target for nVent

Electric

PLC ( NVT ) is $111.50, about 6.4% above its October 30 closing price of

$104.35

* The stock recently traded at 28 times the next 12-month

earnings

vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact

[email protected]. For any other questions or feedback,

contact .

(This story was created using Reuters automation and AI based

on LSEG and company data. It was checked and edited by a Reuters

journalist prior to publication.)