Refile: Electrical connections supplier nVent posts record Q3 results, hikes FY forecast

nVent Electric

31/10/2025 10:55

Removes extraneous word in headline

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/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.10 bln
$1 bln (11 Analysts)
Q3 EPS
$0.73
Q3 Free Cash Flow
$253 mln
Q3 Operating Income
$166 mln


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 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 Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

 (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.)