Brief: Nvent Announces First Quarter 2022 Financial Results

nVent Electric

29/04/2022 12:23

April 29 (Reuters) - nVent Electric PLC  NVT.N :
    * NVENT ANNOUNCES FIRST QUARTER 2022 FINANCIAL RESULTS
    * RAISING FULL-YEAR SALES AND ADJUSTED EPS GUIDANCE
    * QTRLY REPORTED SALES OF $695 MILLION, UP 27%; ORGANIC
SALES UP
24%
    * QTRLY REPORTED EPS OF $0.40 ; ADJUSTED EPS OF $0.50
    * NVENT ELECTRIC -ESTIMATES REPORTED AND ORGANIC SALES
GROWTH FOR
FY 2022 OF UP 11 TO 13 % VERSUS PRIOR GUIDANCE OF UP 6 TO 10 %
AND 6 TO 9 %, RESPECTIVELY
    * NVENT ELECTRIC -NOW EXPECTS FULL-YEAR 2022 EPS OF $1.78 TO
$1.86
ON A GAAP BASIS AND ADJUSTED EPS OF $2.14 TO $2.22
    * NVENT ELECTRIC - SEES REPORTED SALES FOR Q2 OF 2022 TO BE
UP 13
TO 15 PERCENT, WHICH REPRESENTS UP 12 TO 14 PERCENT ON AN
ORGANIC BASIS
    * NVENT ELECTRIC - ESTIMATES SECOND QUARTER 2022 EPS ON A
GAAP
BASIS OF $0.43 TO $0.45 AND ADJUSTED EPS OF $0.52 TO $0.54
    * Q1 EARNINGS PER SHARE VIEW $0.44, REVENUE VIEW $625.7
MILLION --
REFINITIV IBES DATA
    * Q2 EARNINGS PER SHARE VIEW $0.54, REVENUE VIEW $669.8
MILLION --
REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW $2.17, REVENUE VIEW $2.68
BILLION
-- REFINITIV IBES DATA

Further company coverage:  NVT.N 

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