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NVent Electric's Q1 Adjusted Earnings, Net Sales Increase
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NVent Electric's Q1 Adjusted Earnings, Net Sales Increase
May 3, 2024 4:39 AM

07:19 AM EDT, 05/03/2024 (MT Newswires) -- NVent Electric ( NVT ) reported Q1 adjusted earnings Friday of $0.77 per diluted share, up from $0.67 a year earlier.

Analysts polled by Capital IQ expected $0.74.

Net sales for the quarter ended March 31 were $874.6 million, compared with $740.6 million a year earlier.

Analysts polled by Capital IQ expected $864.1 million.

For Q2, the company said it expects $0.81 to $0.83 in adjusted EPS. Analysts polled by Capital IQ expect $0.83.

For the full year, nVent Electric ( NVT ) said it now expects $3.22 to $3.30 in adjusted EPS, from the previous range of $3.17 to $3.27. Analysts polled by Capital IQ expect $3.26.

Price: 71.85, Change: -0.05, Percent Change: -0.07

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