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nVent Electric (NVT) Q2-25 10-Q highlights: Net sales jumped 30% YoY to $963.1 m, driven by a 43% rise in Systems Protection and 11% growth in Electrical Connections, as well as a two-month contribution from the $975 m Electrical Products Group acquisition. Gross profit rose 21% to $371.8 m, but gross margin contracted 300 bp to 38.6% on mix and acquisition dilution. SG&A and R&D climbed 34% and 16%, respectively, limiting operating-income growth to 8% (up to $156.7 m).

Continuing-operations EPS reached $0.65 diluted (+18%), while total diluted EPS was $0.67 (+2%) as the prior-year period benefited from larger discontinued-operations income. Six-month EPS leapt to $2.84 (vs $1.28) primarily from a $276.5 m after-tax gain on the Jan-25 $1.7 bn sale of the Thermal Management business.

Balance sheet strength improved: long-term debt fell $365 m to $1.75 bn and net leverage eased, aided by sale proceeds despite $714 m YTD financing cash outflow that included $253 m of buybacks and $276 m term-loan repayment. Cash & equivalents ended at $125.8 m. Goodwill and intangibles expanded to $4.6 bn on recent deals.

Management declared a $0.20 dividend (up 5%) and has $146.9 m remaining on the $500 m repurchase authorization. Remaining performance obligations total $827.3 m and are expected to be realized within 18 months.

nVent Electric (NVT) risultati Q2-25 10-Q in evidenza: Le vendite nette sono aumentate del 30% su base annua, raggiungendo 963,1 milioni di dollari, grazie a un incremento del 43% nel settore Systems Protection e dell'11% in Electrical Connections, oltre a un contributo di due mesi dall'acquisizione del Electrical Products Group da 975 milioni di dollari. Il profitto lordo è cresciuto del 21%, arrivando a 371,8 milioni di dollari, ma il margine lordo si è contratto di 300 punti base al 38,6% a causa della composizione del mix e della diluizione derivante dall'acquisizione. Le spese SG&A e R&S sono aumentate rispettivamente del 34% e del 16%, limitando la crescita del reddito operativo all'8% (fino a 156,7 milioni di dollari).

L'utile per azione delle operazioni in corso ha raggiunto 0,65 dollari diluiti (+18%), mentre l'utile per azione diluito totale è stato di 0,67 dollari (+2%), poiché il periodo dell'anno precedente aveva beneficiato di un reddito più elevato dalle operazioni cessate. L'utile per azione a sei mesi è salito a 2,84 dollari (da 1,28), principalmente grazie a un guadagno netto dopo le tasse di 276,5 milioni di dollari dalla vendita a gennaio 2025 per 1,7 miliardi di dollari del business Thermal Management.

La solidità del bilancio è migliorata: il debito a lungo termine è sceso di 365 milioni a 1,75 miliardi di dollari e la leva finanziaria netta si è ridotta, supportata dai proventi della vendita nonostante un deflusso di cassa da finanziamenti di 714 milioni da inizio anno, che includeva 253 milioni di riacquisti e 276 milioni di rimborso di prestiti a termine. La liquidità e equivalenti si sono attestati a 125,8 milioni di dollari. L'avviamento e le attività immateriali sono aumentati a 4,6 miliardi di dollari a seguito delle recenti operazioni.

La direzione ha dichiarato un dividendo di 0,20 dollari (in aumento del 5%) e rimangono 146,9 milioni di dollari disponibili sull'autorizzazione di riacquisto da 500 milioni. Gli obblighi di prestazione residui ammontano a 827,3 milioni e si prevede che saranno realizzati entro 18 mesi.

Aspectos destacados del 10-Q del Q2-25 de nVent Electric (NVT): Las ventas netas aumentaron un 30% interanual hasta 963,1 millones de dólares, impulsadas por un aumento del 43% en Systems Protection y un crecimiento del 11% en Electrical Connections, además de una contribución de dos meses por la adquisición del Electrical Products Group por 975 millones de dólares. La ganancia bruta subió un 21% hasta 371,8 millones de dólares, pero el margen bruto se contrajo 300 puntos básicos hasta el 38,6% debido a la mezcla y la dilución por la adquisición. Los gastos SG&A y de I+D aumentaron un 34% y un 16%, respectivamente, limitando el crecimiento del ingreso operativo al 8% (hasta 156,7 millones de dólares).

Las ganancias por acción de las operaciones continuas alcanzaron 0,65 dólares diluidos (+18%), mientras que las ganancias por acción diluidas totales fueron de 0,67 dólares (+2%), ya que el período del año anterior se benefició de mayores ingresos por operaciones discontinuadas. Las ganancias por acción en seis meses saltaron a 2,84 dólares (frente a 1,28), principalmente por una ganancia neta después de impuestos de 276,5 millones de dólares en la venta en enero de 2025 del negocio de Thermal Management por 1,7 mil millones de dólares.

La fortaleza del balance mejoró: la deuda a largo plazo disminuyó 365 millones hasta 1,75 mil millones de dólares y la palanca financiera neta se alivió, ayudada por los ingresos de la venta a pesar de un flujo de caja negativo por financiamiento de 714 millones en lo que va del año que incluyó 253 millones en recompras y 276 millones en pago de préstamos a plazo. El efectivo y equivalentes cerraron en 125,8 millones de dólares. El goodwill y los intangibles aumentaron a 4,6 mil millones debido a acuerdos recientes.

La gerencia declaró un dividendo de 0,20 dólares (un aumento del 5%) y quedan 146,9 millones disponibles en la autorización de recompra de 500 millones. Las obligaciones de desempeño restantes totalizan 827,3 millones y se espera que se realicen en 18 meses.

nVent Electric (NVT) 2025년 2분기 10-Q 주요 내용: 순매출은 전년 동기 대비 30% 증가한 9억 6,310만 달러를 기록했으며, Systems Protection 부문이 43%, Electrical Connections 부문이 11% 성장했고, 9억 7,500만 달러 규모의 Electrical Products Group 인수로 인한 두 달간의 기여가 있었습니다. 총이익은 21% 증가한 3억 7,180만 달러였으나, 제품 믹스와 인수로 인한 희석 효과로 총이익률은 300bp 하락한 38.6%를 기록했습니다. 판매관리비(SG&A)와 연구개발비(R&D)는 각각 34%, 16% 증가하며 영업이익 성장률은 8%로 제한되어 1억 5,670만 달러에 이르렀습니다.

계속 영업 부문의 희석 주당순이익(EPS)은 0.65달러로 18% 증가했으며, 전체 희석 EPS는 0.67달러로 2% 증가했는데, 전년 동기에는 중단 영업 부문에서 더 큰 수익이 있었습니다. 6개월 EPS는 2.84달러로 전년 1.28달러 대비 크게 상승했으며, 이는 2025년 1월 17억 달러 규모의 Thermal Management 사업 매각에서 세후 2억 7,650만 달러의 이익을 반영한 결과입니다.

재무구조는 개선되었습니다: 장기 부채가 3억 6,500만 달러 감소하여 17억 5,000만 달러가 되었고, 매각 대금 덕분에 순부채 비율도 완화되었습니다. 연초 이후 7억 1,400만 달러의 금융 현금 유출이 있었으며, 이 중 2억 5,300만 달러는 자사주 매입, 2억 7,600만 달러는 기한부 대출 상환에 사용되었습니다. 현금 및 현금성 자산은 1억 2,580만 달러로 마감했습니다. 최근 거래로 인해 영업권과 무형자산은 46억 달러로 증가했습니다.

경영진은 배당금을 주당 0.20달러(5% 인상)로 선언했으며, 5억 달러 규모의 자사주 매입 승인 중 1억 4,690만 달러가 남아 있습니다. 남은 성과 의무는 총 8억 2,730만 달러이며, 18개월 내에 실현될 것으로 예상됩니다.

Points clés du 10-Q du 2e trimestre 2025 de nVent Electric (NVT) : Les ventes nettes ont bondi de 30 % en glissement annuel pour atteindre 963,1 millions de dollars, portées par une hausse de 43 % dans Systems Protection et une croissance de 11 % dans Electrical Connections, ainsi qu’une contribution de deux mois suite à l’acquisition du Electrical Products Group pour 975 millions de dollars. Le bénéfice brut a progressé de 21 % à 371,8 millions de dollars, mais la marge brute s’est contractée de 300 points de base à 38,6 % en raison du mix produit et de la dilution liée à l’acquisition. Les frais SG&A et R&D ont augmenté respectivement de 34 % et 16 %, limitant la croissance du résultat opérationnel à 8 % (à 156,7 millions de dollars).

Le BPA des activités poursuivies a atteint 0,65 $ dilué (+18 %), tandis que le BPA dilué total s’est élevé à 0,67 $ (+2 %), le précédent exercice ayant bénéficié de revenus plus importants issus des activités abandonnées. Le BPA sur six mois a grimpé à 2,84 $ (contre 1,28 $), principalement grâce à un gain après impôts de 276,5 millions de dollars lié à la vente en janvier 2025 de l’activité Thermal Management pour 1,7 milliard de dollars.

La solidité du bilan s’est améliorée : la dette à long terme a diminué de 365 millions pour s’établir à 1,75 milliard de dollars et l’effet de levier net s’est allégé, aidé par les produits de la vente malgré une sortie de trésorerie liée au financement de 714 millions depuis le début de l’année, incluant 253 millions de rachats d’actions et 276 millions de remboursement de prêts à terme. La trésorerie et équivalents s’élevaient à 125,8 millions de dollars. Le goodwill et les actifs incorporels ont augmenté à 4,6 milliards suite aux transactions récentes.

La direction a déclaré un dividende de 0,20 $ (en hausse de 5 %) et il reste 146,9 millions disponibles sur l’autorisation de rachat de 500 millions. Les obligations de performance restantes s’élèvent à 827,3 millions et devraient être réalisées dans les 18 mois.

nVent Electric (NVT) Q2-25 10-Q Highlights: Der Nettoumsatz stieg im Jahresvergleich um 30 % auf 963,1 Mio. USD, getrieben durch einen Anstieg von 43 % im Bereich Systems Protection und 11 % Wachstum bei Electrical Connections sowie einem zweimonatigen Beitrag aus der Übernahme der Electrical Products Group für 975 Mio. USD. Der Bruttogewinn stieg um 21 % auf 371,8 Mio. USD, jedoch schrumpfte die Bruttomarge um 300 Basispunkte auf 38,6 % aufgrund von Produktmix und Akquisitionsverwässerung. SG&A und F&E stiegen um 34 % bzw. 16 %, wodurch das operative Ergebniswachstum auf 8 % begrenzt wurde (auf 156,7 Mio. USD).

Das Ergebnis je Aktie (EPS) aus fortgeführten Geschäftsbereichen erreichte 0,65 USD verwässert (+18 %), während das gesamte verwässerte EPS 0,67 USD (+2 %) betrug, da der Vorjahreszeitraum von höheren Erträgen aus aufgegebenen Geschäftsbereichen profitierte. Das EPS über sechs Monate sprang auf 2,84 USD (vs. 1,28 USD), hauptsächlich aufgrund eines nach Steuern 276,5 Mio. USD Gewinns aus dem Verkauf des Thermal Management-Geschäfts im Januar 2025 für 1,7 Mrd. USD.

Die Bilanzstärke verbesserte sich: Die langfristigen Schulden sanken um 365 Mio. USD auf 1,75 Mrd. USD und die Nettoverschuldung entspannte sich, unterstützt durch Verkaufserlöse trotz eines Finanzierungs-Cashflows von 714 Mio. USD im laufenden Jahr, der 253 Mio. USD für Aktienrückkäufe und 276 Mio. USD für die Rückzahlung von Terminkrediten umfasste. Zahlungsmittel und Äquivalente beliefen sich auf 125,8 Mio. USD. Goodwill und immaterielle Vermögenswerte stiegen auf 4,6 Mrd. USD durch jüngste Transaktionen.

Das Management erklärte eine Dividende von 0,20 USD (plus 5 %) und es verbleiben 146,9 Mio. USD der Rückkaufgenehmigung von 500 Mio. USD. Die verbleibenden Leistungsverpflichtungen belaufen sich auf 827,3 Mio. USD und sollen innerhalb von 18 Monaten realisiert werden.

Positive
  • 30% YoY revenue growth to $963 m, with double-digit expansion in both operating segments.
  • Continuing EPS up 18%; six-month diluted EPS more than doubled to $2.84 on divestiture gain.
  • Debt reduced by $365 m YTD, improving leverage while maintaining $400 m revolver capacity.
  • $1.6 bn cash proceeds from Thermal Management sale enhance liquidity for M&A and buybacks.
Negative
  • Gross margin compressed 300 bp to 38.6% due to mix and acquisition impact.
  • Operating cash flow down 6% YoY to $154.9 m; working-capital build of $148 m pressured FCF.
  • Intangible amortization up 60%, creating ongoing non-cash EPS drag.
  • Large share-repurchase outlay ($253 m) and $975 m cash acquisition reduced cash balance to $126 m.

Insights

TL;DR – Solid top-line expansion and deleveraging offset by margin squeeze.

Revenue acceleration to 30% YoY confirms robust demand across all geographies and the early lift from the Electrical Products Group purchase. However, the 300 bp gross-margin erosion and 110 bp SG&A deleverage signal integration costs and inflationary pressure. The Thermal Management sale delivered $1.6 bn cash and a $276 m net gain, allowing $866 m debt reduction and buybacks without stressing liquidity. Net leverage ratio now approximates 1.7× EBITDA, well inside the 3.75× covenant. Guidance was not updated in this filing, but order backlog of $827 m supports near-term visibility. Overall, the quarter is modestly positive for the equity story: scale is increasing and balance-sheet flexibility is restored, yet investors will watch for margin recapture in 2H-25.

TL;DR – Acquisition pipeline active; integration risk rising.

nVent closed two sizeable deals within 12 months (Trachte $688 m, EPG $975 m). Goodwill rose $457 m while intangible amortization more than doubled to $64 m YTD. Early EPG contribution added $78.5 m sales and $10.3 m op income, but diluted group margin. Management projects most performance obligations converting in 18 months, hinting at accelerated integration. The company repaid expensive term loans, refinancing with a new $275 m 5-year facility and drew $200 m on the revolver—illustrating disciplined capital structure management. Execution risk remains around synergy capture, especially customer-relationship retention and cost absorption. Still, proceeds from the divestiture provide strategic headroom.

nVent Electric (NVT) risultati Q2-25 10-Q in evidenza: Le vendite nette sono aumentate del 30% su base annua, raggiungendo 963,1 milioni di dollari, grazie a un incremento del 43% nel settore Systems Protection e dell'11% in Electrical Connections, oltre a un contributo di due mesi dall'acquisizione del Electrical Products Group da 975 milioni di dollari. Il profitto lordo è cresciuto del 21%, arrivando a 371,8 milioni di dollari, ma il margine lordo si è contratto di 300 punti base al 38,6% a causa della composizione del mix e della diluizione derivante dall'acquisizione. Le spese SG&A e R&S sono aumentate rispettivamente del 34% e del 16%, limitando la crescita del reddito operativo all'8% (fino a 156,7 milioni di dollari).

L'utile per azione delle operazioni in corso ha raggiunto 0,65 dollari diluiti (+18%), mentre l'utile per azione diluito totale è stato di 0,67 dollari (+2%), poiché il periodo dell'anno precedente aveva beneficiato di un reddito più elevato dalle operazioni cessate. L'utile per azione a sei mesi è salito a 2,84 dollari (da 1,28), principalmente grazie a un guadagno netto dopo le tasse di 276,5 milioni di dollari dalla vendita a gennaio 2025 per 1,7 miliardi di dollari del business Thermal Management.

La solidità del bilancio è migliorata: il debito a lungo termine è sceso di 365 milioni a 1,75 miliardi di dollari e la leva finanziaria netta si è ridotta, supportata dai proventi della vendita nonostante un deflusso di cassa da finanziamenti di 714 milioni da inizio anno, che includeva 253 milioni di riacquisti e 276 milioni di rimborso di prestiti a termine. La liquidità e equivalenti si sono attestati a 125,8 milioni di dollari. L'avviamento e le attività immateriali sono aumentati a 4,6 miliardi di dollari a seguito delle recenti operazioni.

La direzione ha dichiarato un dividendo di 0,20 dollari (in aumento del 5%) e rimangono 146,9 milioni di dollari disponibili sull'autorizzazione di riacquisto da 500 milioni. Gli obblighi di prestazione residui ammontano a 827,3 milioni e si prevede che saranno realizzati entro 18 mesi.

Aspectos destacados del 10-Q del Q2-25 de nVent Electric (NVT): Las ventas netas aumentaron un 30% interanual hasta 963,1 millones de dólares, impulsadas por un aumento del 43% en Systems Protection y un crecimiento del 11% en Electrical Connections, además de una contribución de dos meses por la adquisición del Electrical Products Group por 975 millones de dólares. La ganancia bruta subió un 21% hasta 371,8 millones de dólares, pero el margen bruto se contrajo 300 puntos básicos hasta el 38,6% debido a la mezcla y la dilución por la adquisición. Los gastos SG&A y de I+D aumentaron un 34% y un 16%, respectivamente, limitando el crecimiento del ingreso operativo al 8% (hasta 156,7 millones de dólares).

Las ganancias por acción de las operaciones continuas alcanzaron 0,65 dólares diluidos (+18%), mientras que las ganancias por acción diluidas totales fueron de 0,67 dólares (+2%), ya que el período del año anterior se benefició de mayores ingresos por operaciones discontinuadas. Las ganancias por acción en seis meses saltaron a 2,84 dólares (frente a 1,28), principalmente por una ganancia neta después de impuestos de 276,5 millones de dólares en la venta en enero de 2025 del negocio de Thermal Management por 1,7 mil millones de dólares.

La fortaleza del balance mejoró: la deuda a largo plazo disminuyó 365 millones hasta 1,75 mil millones de dólares y la palanca financiera neta se alivió, ayudada por los ingresos de la venta a pesar de un flujo de caja negativo por financiamiento de 714 millones en lo que va del año que incluyó 253 millones en recompras y 276 millones en pago de préstamos a plazo. El efectivo y equivalentes cerraron en 125,8 millones de dólares. El goodwill y los intangibles aumentaron a 4,6 mil millones debido a acuerdos recientes.

La gerencia declaró un dividendo de 0,20 dólares (un aumento del 5%) y quedan 146,9 millones disponibles en la autorización de recompra de 500 millones. Las obligaciones de desempeño restantes totalizan 827,3 millones y se espera que se realicen en 18 meses.

nVent Electric (NVT) 2025년 2분기 10-Q 주요 내용: 순매출은 전년 동기 대비 30% 증가한 9억 6,310만 달러를 기록했으며, Systems Protection 부문이 43%, Electrical Connections 부문이 11% 성장했고, 9억 7,500만 달러 규모의 Electrical Products Group 인수로 인한 두 달간의 기여가 있었습니다. 총이익은 21% 증가한 3억 7,180만 달러였으나, 제품 믹스와 인수로 인한 희석 효과로 총이익률은 300bp 하락한 38.6%를 기록했습니다. 판매관리비(SG&A)와 연구개발비(R&D)는 각각 34%, 16% 증가하며 영업이익 성장률은 8%로 제한되어 1억 5,670만 달러에 이르렀습니다.

계속 영업 부문의 희석 주당순이익(EPS)은 0.65달러로 18% 증가했으며, 전체 희석 EPS는 0.67달러로 2% 증가했는데, 전년 동기에는 중단 영업 부문에서 더 큰 수익이 있었습니다. 6개월 EPS는 2.84달러로 전년 1.28달러 대비 크게 상승했으며, 이는 2025년 1월 17억 달러 규모의 Thermal Management 사업 매각에서 세후 2억 7,650만 달러의 이익을 반영한 결과입니다.

재무구조는 개선되었습니다: 장기 부채가 3억 6,500만 달러 감소하여 17억 5,000만 달러가 되었고, 매각 대금 덕분에 순부채 비율도 완화되었습니다. 연초 이후 7억 1,400만 달러의 금융 현금 유출이 있었으며, 이 중 2억 5,300만 달러는 자사주 매입, 2억 7,600만 달러는 기한부 대출 상환에 사용되었습니다. 현금 및 현금성 자산은 1억 2,580만 달러로 마감했습니다. 최근 거래로 인해 영업권과 무형자산은 46억 달러로 증가했습니다.

경영진은 배당금을 주당 0.20달러(5% 인상)로 선언했으며, 5억 달러 규모의 자사주 매입 승인 중 1억 4,690만 달러가 남아 있습니다. 남은 성과 의무는 총 8억 2,730만 달러이며, 18개월 내에 실현될 것으로 예상됩니다.

Points clés du 10-Q du 2e trimestre 2025 de nVent Electric (NVT) : Les ventes nettes ont bondi de 30 % en glissement annuel pour atteindre 963,1 millions de dollars, portées par une hausse de 43 % dans Systems Protection et une croissance de 11 % dans Electrical Connections, ainsi qu’une contribution de deux mois suite à l’acquisition du Electrical Products Group pour 975 millions de dollars. Le bénéfice brut a progressé de 21 % à 371,8 millions de dollars, mais la marge brute s’est contractée de 300 points de base à 38,6 % en raison du mix produit et de la dilution liée à l’acquisition. Les frais SG&A et R&D ont augmenté respectivement de 34 % et 16 %, limitant la croissance du résultat opérationnel à 8 % (à 156,7 millions de dollars).

Le BPA des activités poursuivies a atteint 0,65 $ dilué (+18 %), tandis que le BPA dilué total s’est élevé à 0,67 $ (+2 %), le précédent exercice ayant bénéficié de revenus plus importants issus des activités abandonnées. Le BPA sur six mois a grimpé à 2,84 $ (contre 1,28 $), principalement grâce à un gain après impôts de 276,5 millions de dollars lié à la vente en janvier 2025 de l’activité Thermal Management pour 1,7 milliard de dollars.

La solidité du bilan s’est améliorée : la dette à long terme a diminué de 365 millions pour s’établir à 1,75 milliard de dollars et l’effet de levier net s’est allégé, aidé par les produits de la vente malgré une sortie de trésorerie liée au financement de 714 millions depuis le début de l’année, incluant 253 millions de rachats d’actions et 276 millions de remboursement de prêts à terme. La trésorerie et équivalents s’élevaient à 125,8 millions de dollars. Le goodwill et les actifs incorporels ont augmenté à 4,6 milliards suite aux transactions récentes.

La direction a déclaré un dividende de 0,20 $ (en hausse de 5 %) et il reste 146,9 millions disponibles sur l’autorisation de rachat de 500 millions. Les obligations de performance restantes s’élèvent à 827,3 millions et devraient être réalisées dans les 18 mois.

nVent Electric (NVT) Q2-25 10-Q Highlights: Der Nettoumsatz stieg im Jahresvergleich um 30 % auf 963,1 Mio. USD, getrieben durch einen Anstieg von 43 % im Bereich Systems Protection und 11 % Wachstum bei Electrical Connections sowie einem zweimonatigen Beitrag aus der Übernahme der Electrical Products Group für 975 Mio. USD. Der Bruttogewinn stieg um 21 % auf 371,8 Mio. USD, jedoch schrumpfte die Bruttomarge um 300 Basispunkte auf 38,6 % aufgrund von Produktmix und Akquisitionsverwässerung. SG&A und F&E stiegen um 34 % bzw. 16 %, wodurch das operative Ergebniswachstum auf 8 % begrenzt wurde (auf 156,7 Mio. USD).

Das Ergebnis je Aktie (EPS) aus fortgeführten Geschäftsbereichen erreichte 0,65 USD verwässert (+18 %), während das gesamte verwässerte EPS 0,67 USD (+2 %) betrug, da der Vorjahreszeitraum von höheren Erträgen aus aufgegebenen Geschäftsbereichen profitierte. Das EPS über sechs Monate sprang auf 2,84 USD (vs. 1,28 USD), hauptsächlich aufgrund eines nach Steuern 276,5 Mio. USD Gewinns aus dem Verkauf des Thermal Management-Geschäfts im Januar 2025 für 1,7 Mrd. USD.

Die Bilanzstärke verbesserte sich: Die langfristigen Schulden sanken um 365 Mio. USD auf 1,75 Mrd. USD und die Nettoverschuldung entspannte sich, unterstützt durch Verkaufserlöse trotz eines Finanzierungs-Cashflows von 714 Mio. USD im laufenden Jahr, der 253 Mio. USD für Aktienrückkäufe und 276 Mio. USD für die Rückzahlung von Terminkrediten umfasste. Zahlungsmittel und Äquivalente beliefen sich auf 125,8 Mio. USD. Goodwill und immaterielle Vermögenswerte stiegen auf 4,6 Mrd. USD durch jüngste Transaktionen.

Das Management erklärte eine Dividende von 0,20 USD (plus 5 %) und es verbleiben 146,9 Mio. USD der Rückkaufgenehmigung von 500 Mio. USD. Die verbleibenden Leistungsverpflichtungen belaufen sich auf 827,3 Mio. USD und sollen innerhalb von 18 Monaten realisiert werden.

0001420720false00014207202025-07-292025-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 29, 2025

iBio, Inc.

(Exact name of registrant as specified in charter)

Delaware

(State or other jurisdiction of incorporation)

001-35023

26-2797813

(Commission File Number)

(IRS Employer Identification No.)

11750 Sorrento Valley Road, Suite 200

San Diego, California 92121

(Address of principal executive offices and zip code)

(979) 446-0027

(Registrant’s telephone number including area code)

N/A

(Former Name and Former Address)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

   Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)

   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.001 par value per share

IBIO

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On July 29, 2025, iBio, Inc. (the “Company”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the preceding 30 consecutive business days (June 13, 2025 to July 28, 2025), the Company’s common stock did not maintain a minimum closing bid price of $1.00 per share (the “Minimum Bid Price Requirement”), as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing or trading of the Company’s common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol “IBIO.”

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until January 26, 2026 (the “Compliance Period”), to regain compliance with Nasdaq Listing Rule 5550(a)(2). Compliance may be achieved without further action if the closing bid price of the Company’s common stock is at or above $1.00 for a minimum of 10 consecutive business days at any time during the 180-day Compliance Period, in which case Nasdaq will notify the Company if it determines it is in compliance and the matter will be closed; however Nasdaq may, in its discretion, require the closing bid price to equal or to exceed the $1.00 Minimum Bid Price Requirement for more than 10 consecutive business days, but generally no more than 20 consecutive business days, before determining that a company has demonstrated an ability to maintain long-term compliance.

If, however, the Company does not achieve compliance with the Minimum Bid Price Requirement by January 26, 2026, the Company may be eligible for additional time to comply. In order to be eligible for such additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and must notify Nasdaq in writing of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s common stock will be subject to delisting.

The Company intends to actively monitor the bid price of its common stock and will consider available options to regain compliance with the Nasdaq listing requirements, including such actions as effecting a reverse stock split, if necessary, to maintain its Nasdaq listing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 1, 2025

IBIO, INC.

 

 

 

By: 

/s/ Marc A. Banjak

 

 

Name: Marc A. Banjak

 

 

Title: Chief Legal Counsel

FAQ

How did nVent Electric's (NVT) revenue perform in Q2 2025?

Net sales rose 30% year-over-year to $963.1 million, driven by Systems Protection and the Electrical Products Group acquisition.

What was NVT's diluted EPS from continuing operations?

Diluted EPS from continuing operations increased to $0.65, up from $0.55 in Q2 2024.

How much debt does nVent have after recent repayments?

Long-term debt totaled $1.75 billion at 30 June 2025, down from $2.12 billion at year-end 2024.

What cash did NVT receive from the Thermal Management sale?

The company received $1.585 billion in net cash proceeds and recorded an after-tax gain of $276.5 million.

How much authorization remains for share repurchases?

nVent has $146.9 million remaining under its $500 million repurchase program expiring July 2027.

What is the quarterly dividend declared for Q3 2025?

The Board declared a $0.20 per share cash dividend payable 1 August 2025.
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Biotechnology
Pharmaceutical Preparations
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