nVent Electric (NVT) Reports 11% Sales Growth in Q1 2025

By Tamara Parker • Friday, May 02 10:20 • Permanent Link

Nvent Electric PLC has reported strong financial results for the first quarter of 2025, with reported sales from continuing operations totaling $809 million, marking an 11% increase from the same period in 2024. Organically, sales grew by 2%, excluding the impact from currency fluctuations and acquisitions.

The company's earnings per diluted share (EPS) from continuing operations were $0.52, up 2% from the first quarter of 2024. On an adjusted basis, the company reported EPS from continuing operations of $0.67, reflecting a 10% increase. Adjusted operating income for the first quarter of 2025 was $162 million, up 4% from $156 million in the first quarter of 2024.

In terms of operating segments, the Systems Protection division reported a 16% increase in net sales, while the Electrical Connections division saw a 3% increase in net sales, both compared to the same period last year.

The company's net cash provided by operating activities from continuing operations was $64 million in the first quarter of 2025, compared to $49 million in the first quarter of 2024. Free cash flow generated was $44 million, up 32% from $34 million in the first quarter of 2024.

Based on its strong performance, Nvent has raised its full-year 2025 sales guidance to a growth range of 19% to 21%, including organic sales growth of 5% to 7%. The company also raised its EPS guidance to a range of $2.48 to $2.58 on a GAAP basis and adjusted EPS to $3.03 to $3.13.

Looking ahead, Nvent estimates second quarter 2025 reported sales growth of 22% to 24% and organic sales growth of 4% to 6%. The company also expects second quarter 2025 EPS on a GAAP basis of $0.64 to $0.66 and adjusted EPS of $0.77 to $0.79.

The company's board of directors previously approved a regular cash dividend of $0.20 per share, payable during the second quarter on May 9, 2025.

Nvent is a leading global provider of systems protection and electrical connection solutions, and its robust portfolio of leading electrical product brands includes Nvent Caddy, Erico, Hoffman, Ilsco, Schroff, and Trachte.

Following these announcements, the company's shares moved 5.5%, and are now trading at a price of $59.48. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.