UK's nVent Electric Q3 profit beats; raises full-year sales forecast
NVT•nVent Electric reported third-quarter sales of $1.5 billion and adjusted EPS of $1.52, both above analyst estimates. It raised its 2026 sales growth forecast to 48% to 49% and expects adjusted EPS of $5.36 to $5.39.
1. Quarterly results
nVent Electric's third-quarter sales rose 44% to $1.5 billion, beating the $1.42 billion analyst estimate. Reported EPS was $1.23, up 68%, while adjusted EPS rose 67% to $1.52, above the $1.37 estimate.
2. Raised 2026 outlook
The company now expects full-year 2026 reported sales growth of 48% to 49%, compared with its prior forecast of 37% to 39%. It raised its organic sales growth outlook to 38% to 39% from 32% to 34%, and expects GAAP EPS of $4.54 to $4.57 and adjusted EPS of $5.36 to $5.39.
3. Sales drivers
The company said sales grew by double digits in all verticals, led by infrastructure, and that new products contributed approximately 30 points to sales growth.
