11:25 AM EDT, 08/01/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)
NVent Electric ( NVT ) shares were 10% higher in recent Friday trading after the company reported improved Q2 results that beat expectations and raised its full-year adjusted earnings outlook.
The company reported Q2 adjusted earnings Friday of $0.86 per diluted share, up from $0.67 a year earlier.
Analysts surveyed by FactSet expected $0.79.
Revenue for the quarter ended June 30 was $963.1 million, up from $739.8 million a year earlier.
Analysts surveyed by FactSet expected $908.4 million.
The company expects Q3 adjusted EPS of $0.86 to $0.88. Analysts polled by FactSet expect $0.85.
For 2025, adjusted EPS is now projected to be between $3.22 and $3.30, up from a prior guidance of between $3.03 and $3.13. Analysts surveyed by FactSet expect $3.11.
Price: 86.61, Change: +8.19, Percent Change: +10.44