NVent Electric's Q3 Adjusted Earnings Flat, Revenue Rises; 2024 EPS Guidance Cut

MT Newswires Live

2024-11-01

NVent Electric (NVT) reported Q3 adjusted earnings Friday of $0.84 per diluted share, same as the year earlier.

Analysts polled by Capital IQ expected $0.81.

Revenue for the quarter ended Sept. 30 was $939.1 million, up from $858.8 million a year earlier.

Analysts surveyed by Capital IQ expected $937.4 million.

nVent expects Q4 adjusted EPS of $0.58 to $0.60. Analysts surveyed by Capital IQ expect $0.86.

The company now expects 2024 adjusted EPS of $2.49 to $2.51, compared with $3.23 to $3.29 previously. Analysts surveyed by Capital IQ expect $3.27.

Price: 74.78, Change: -0.05, Percent Change: -0.07

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