Nvent Electric ( (NVT) ) has released its Q4 earnings. Here is a breakdown of the information Nvent Electric presented to its investors.
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nVent Electric plc, a global leader in electrical connection and protection solutions, designs, manufactures, and services high-performance products that enhance safety and security across various industries. The company is based in London, with a significant management office in Minneapolis.
nVent Electric has reported robust financial results for the fourth quarter and full-year 2024, showcasing a strong performance amidst portfolio transformations. The company noted a 13% increase in full-year sales to $3 billion, with a 2% organic growth rate. Adjusted earnings per share (EPS) for the year rose by 7% to $2.49, despite a 48% decline in reported EPS.
Key financial highlights include a 9% increase in fourth-quarter sales to $752 million, although organic sales were down by 1%. For the year, net income from continuing operations reached $240.8 million. The company also demonstrated a strong cash flow from operations, generating $501 million, and free cash flow of $427 million. nVent’s strategic moves included the acquisition of Trachte and the sale of its Thermal Management business, which have contributed to margin expansion and growth in its Data Solutions segment by 30%.
Looking ahead, nVent’s management is optimistic about 2025, expecting a sales growth of 8% to 10% and an increase in adjusted EPS to between $2.98 and $3.08. The company is poised to capitalize on electrification, sustainability, and digitalization trends, with a focus on expanding its product portfolio, particularly in the infrastructure vertical, including data centers and power utilities.
