Nvent Electric Stock Price, News & Analysis

AZZ Inc. (NYSE: AZZ) announced that AVAIL Infrastructure Solutions has agreed to sell its Electrical Products Group to nVent Electric plc for $975 million. The transaction, expected to close in first half of 2025, represents an enterprise value multiple of approximately 12.5x trailing twelve-month EBITDA.

AZZ, which holds a 40% non-controlling interest in AVAIL, will maintain its ownership stake in AVAIL's remaining Industrial Lighting and Welding Solutions Businesses, representing about 30% of pre-transaction group revenue. The company plans to use proceeds to reduce debt or fund potential M&A activity.

The divestiture aligns with AZZ's strategy to become a focused provider of metal coating solutions. The company maintains its fiscal year 2026 earnings guidance, expecting interest savings to offset the reduction in joint venture equity income.

nVent Electric plc (NYSE: NVT) has announced a definitive agreement to acquire the Electrical Products Group of Avail Infrastructure Solutions for $975 million. The acquisition target is a leading North American provider of control buildings, switchgear, and bus systems with approximately 1,100 employees and nine U.S. manufacturing locations.

The Electrical Products Group estimates revenues of $375 million for the 12 months ending February 28, 2025, and maintains a strong backlog. The transaction, expected to close in first half 2025, will be integrated into nVent's Systems Protection segment. The effective enterprise value multiple is approximately 12.5x anticipated trailing twelve-month EBITDA.

This strategic acquisition strengthens nVent's position in high-growth infrastructure verticals, particularly in power utilities and data centers, building upon their previous Trachte acquisition. nVent expects the deal to be accretive to adjusted earnings per share in the first year post-completion.

nVent Electric (NYSE: NVT) has declared its regular quarterly cash dividend of $0.20 per ordinary share. The dividend will be paid on May 9, 2025, to shareholders who are recorded as holders at the close of business on April 25, 2025.

nVent Electric plc (NYSE:NVT) has announced the availability of its fourth quarter and full year 2024 financial results on the company's Investor Relations website. The earnings release has been posted at http://investors.nvent.com and will be furnished with the Securities and Exchange Commission on a Form 8-K.

The company has scheduled a conference call with analysts and investors at 10:00 a.m. ET. The call can be accessed via webcast or by phone. A replay will be available through February 20th, 2025, with access code 7088372.

nVent Electric (NYSE: NVT) has completed the sale of its Thermal Management business to Brookfield Asset Management funds for $1.7 billion, with expected net after-tax proceeds of approximately $1.4 billion. The company plans to use the proceeds for acquisitions and share repurchases.

The transaction represents a strategic move to transform nVent's portfolio into a more focused electrical connection and protection leader with higher growth potential. The Thermal Management business results have been reclassified as discontinued operations starting in Q3 2024 for both current and historical periods.

Goldman Sachs & Co. acted as financial advisor, while Foley & Lardner LLP provided legal counsel to nVent for the transaction.

nVent Electric plc (NYSE: NVT), a global leader in electrical connection and protection solutions, has announced its upcoming fourth quarter and full year 2024 financial results release, scheduled for Thursday, February 6, 2025. The company will host a conference call with analysts and investors at 10:00 a.m. ET on the same day.

Financial results and related materials will be available on the company's investor website. The conference call will be accessible via webcast or by phone, with replay options available through February 20th, 2025. Presentation materials will be posted online before the conference call.

nVent Electric (NYSE: NVT) has announced a 5% increase in its quarterly cash dividend. The company will pay $0.20 per ordinary share for the first quarter of 2025, up from the previous $0.19. The dividend will be paid on February 7, 2025, to shareholders of record as of January 17, 2025.

nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, has announced its participation in the upcoming Goldman Sachs Industrials & Materials Conference. The company's Chief Financial Officer, Sara Zawoyski, will deliver a presentation on Wednesday, December 4, 2024, at 10:40 a.m. ET. Interested parties can access the presentation via webcast through nVent's Investor Relations website.

nVent Electric (NYSE:NVT) announced its participation at SC24, where it will showcase its latest liquid cooling innovations for high-performance computing and AI. The company will highlight cooling solutions for the NVIDIA GB200 platform, including rack and row liquid-to-liquid coolant distribution units, row-based liquid-to-air heat rejection units, and other components. The showcase will feature smart 100 amp high density rack power distribution units and a demonstration of liquid-to-air cooling solution in collaboration with Lenovo. nVent's solutions are designed to support AI and high-performance workloads without requiring facility-wide liquid cooling infrastructure.