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

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:

Key Details

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.)