UK's nVent Electric Q3 profit beats; raises full-year sales forecast

nVent Electric

30/10/2026 10:50

Overview
UK electrical connection firm's Q3 sales up 44%, beat analyst expectations
Reported EPS of $1.23 up 68%; Adjusted EPS of $1.52 up 67%
Adjusted EPS for Q3 beat analyst expectations
Raising full-year sales and EPS guidance

Outlook
Company now estimates reported sales growth for full-year 2026 of 48 to 49% versus prior guidance of 37 to 39%
New guidance range reflects 38 to 39% organic sales growth versus prior guidance of 32 to 34%
Now expects full-year 2026 EPS of $4.54 to $4.57 on a GAAP basis and adjusted EPS of $5.36 to $5.39

Result Drivers
Double digit sales growth in all verticals, led by infrastructure, company says
New products contributed approximately 30 points to sales growth

Company press release: ID:nGNX92ZhTf

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.5 bln
$1.42 bln (17 Analysts)
Q3 Adjusted EPS
Beat
$1.52
$1.37 (17 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 2 "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 $200.00, about 44.8% above its October 29 closing price of $138.15
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 33 three months ago

Reuters Recommended Reads
Oct 27 - Hubbell Inc beats Q3 revenue on Electrical Solutions growth, raises FY outlook
Oct 27 - Lincoln Electric Q3 sales beat on higher volumes
Oct 27 - Engineered components maker Crane's Q3 sales beat, partly on acquisitions

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(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.)