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Record Q1 sales push nVent (NYSE: NVT) to raise 2026 earnings guidance

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

nVent Electric plc reported first-quarter 2026 net sales of $1.242 billion, a 53% increase, with organic sales up 34%. Operating income rose to $195.7 million and diluted EPS from continuing operations improved to $0.86, up 65%, while adjusted EPS reached $1.09, up 63%.

Systems Protection net sales grew 76% to $894.8 million with adjusted return on sales of 22.7%. Free cash flow increased to $53.8 million. Backlog increased to $2.6 billion, and record orders supported higher guidance for 2026.

For full-year 2026, nVent now targets reported sales growth of 26–28% and organic growth of 21–23%, with GAAP EPS of $3.68–$3.78 and adjusted EPS of $4.45–$4.55, all raised from prior ranges.

Positive

  • Strong Q1 growth and profitability: Net sales rose 53% to $1.242 billion with 34% organic growth, while diluted EPS from continuing operations climbed 65% to $0.86 and adjusted EPS increased 63% to $1.09.
  • Raised full-year 2026 guidance: Reported sales growth outlook increased to 26–28% and adjusted EPS guidance to $4.45–$4.55, reflecting confidence after record sales, orders and a $2.6 billion backlog.

Negative

  • None.

Insights

nVent posts strong Q1 growth and raises 2026 outlook.

nVent delivered broad-based strength in Q1 2026, with net sales of $1.242 billion up 53% and organic growth of 34%. Adjusted operating income rose to $248.5 million, keeping adjusted return on sales at a solid 20.0%.

Growth was led by the Systems Protection segment, where net sales increased 76% to $894.8 million and adjusted return on sales expanded by 220 bps to 22.7%. Electrical Connections also grew, though its adjusted margin declined, reflecting mix and cost dynamics within that portfolio.

The company raised its full-year 2026 guidance to reported sales growth of 26–28% and adjusted EPS of $4.45–$4.55. Management also guided Q2 organic sales growth of 23–25% and adjusted EPS of $1.12–$1.15, signaling continued momentum supported by a $2.6 billion backlog.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net sales Q1 2026 $1.242 billion Three months ended March 31, 2026; up 53% year over year
Organic sales growth Q1 2026 34% Companywide organic net sales growth versus Q1 2025
Diluted EPS from continuing ops Q1 2026 $0.86 Three months ended March 31, 2026; up 65% year over year
Adjusted EPS Q1 2026 $1.09 Non-GAAP diluted EPS from continuing operations; up 63% vs Q1 2025
Free cash flow Q1 2026 $53.8 million Three months ended March 31, 2026; up from $44.4 million in Q1 2025
Backlog $2.6 billion Backlog level referenced with record orders in early 2026
2026 adjusted EPS guidance $4.45–$4.55 Raised full-year 2026 adjusted diluted EPS outlook
2026 reported sales growth guidance 26–28% Raised full-year 2026 reported net sales growth target
organic sales financial
"Organically, sales grew 34 percent, which excludes the impact from acquisitions and currency fluctuations."
Organic sales are the change in a company’s revenue that comes from its existing business operations, excluding effects of acquisitions, divestitures, and currency swings. Think of it like measuring how much a garden grows from the plants you already tended, rather than adding new pots; investors use organic sales to judge whether demand and core business performance are genuinely improving or if growth is driven by one‑time deals or accounting shifts.
adjusted operating income financial
"Adjusted operating income was $249 million, up 53 percent, compared to $162 million in the first quarter of 2025."
Adjusted operating income is a company's profit from its main activities, excluding certain one-time or unusual costs and gains. It helps investors see how well the business is performing in its normal operations, without distractions from rare events or expenses. This way, they get a clearer picture of the company’s true profitability.
free cash flow financial
"Free cash flow was $54 million in the first quarter compared to $44 million in the first quarter of 2025."
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
non-GAAP financial measures financial
"This press release refers to certain non-GAAP financial measures (organic sales, adjusted operating income, adjusted return on sales, adjusted net income, adjusted diluted earnings per share and free cash flow)"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
mark-to-market adjustment financial
"The Company recognizes changes in the fair value of plan assets and net actuarial gains or losses for pension and other post-retirement benefits as a mark-to-market adjustment."
A mark-to-market adjustment is an accounting change that updates the value of an asset or liability on a company’s books to what it would sell for at current market prices. Investors care because these adjustments can instantly change reported profits, losses and the company’s financial health — like reappraising a house and seeing your net worth rise or fall overnight — which affects valuation, risk assessment and investment decisions.
Revenue $1.242 billion +53% YoY
Organic revenue growth 34% +34% YoY (organic)
Diluted EPS from continuing operations $0.86 +65% YoY
Adjusted diluted EPS from continuing operations $1.09 +63% YoY
Operating income $195.7 million +51% YoY
Free cash flow $53.8 million +21% YoY
Guidance

For full-year 2026, nVent guides reported sales growth of 26–28%, organic growth of 21–23%, GAAP EPS of $3.68–$3.78 and adjusted EPS of $4.45–$4.55. Q2 2026 guidance calls for 28–30% reported sales growth, 23–25% organic growth, GAAP EPS of $0.93–$0.96 and adjusted EPS of $1.12–$1.15.

Understanding 8-K Material Events →
0001720635False00017206352026-05-012026-05-01

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): May 1, 2026
nventlogorgbf2a12.jpg`
nVent Electric plc

(Exact name of Registrant as specified in its charter) 
 
   
Ireland001-3826598-1391970
(State or other jurisdiction of
incorporation)		(Commission File Number)(I.R.S. Employer
Identification No.)

    The Mille, 1000 Great West Road, 8th Floor (East), London, TW8 9DW, United Kingdom
(Address of principal executive offices)

Registrant's telephone number, including area code: 44-20-3966-0279
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the 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 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 classTrading symbol (s)Name of each exchange on which registered
Ordinary Shares, nominal value $0.01 per shareNVTNew York Stock Exchange
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 check mark 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 2.02 Results of Operations and Financial Condition
On May 1, 2026, nVent Electric plc (the "Company") issued a press release announcing earnings results for the first quarter of 2026 and a conference call in connection therewith. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits
(a)Financial Statements of Businesses Acquired
Not applicable.
(b)Pro Forma Financial Information
Not applicable.
(c)Shell Company Transactions
Not applicable.
(d)Exhibits
EXHIBIT INDEX
Exhibit Description
99.1
nVent Electric plc press release dated May 1, 2026 announcing earnings results for the first quarter of 2026.
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on May 1, 2026.
 nVent Electric plc
 Registrant
   
 By/s/ Gary L. Corona
  Gary L. Corona
  Executive Vice President and Chief Financial Officer

Exhibit 99.1
nventlogorgbf2a08a.jpg
News Release
nVent Delivers Record Sales, Orders and Backlog in Q1 2026

Q1 results exceeded guidance

Raising full-year sales and EPS guidance

•Reported sales of $1.2 billion up 53%, organically up 34%
•Reported EPS of $0.86 up 65%; Adjusted EPS of $1.09 up 63%
•Cash Flows of $90 million up 41%; Free Cash Flow of $54 million up 21%
•Raising full-year sales and EPS guidance:
◦Reported sales growth of 26% to 28%; Organic sales growth of 21% to 23%
◦Reported EPS of $3.68 to $3.78; Adjusted EPS of $4.45 to $4.55
Reconciliations of GAAP (reported) to Non-GAAP measures are in the attached financial tables. All results referenced throughout this release are on a continuing operations basis unless otherwise stated.
LONDON, UNITED KINGDOM – May 1, 2026 – nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced strong financial results for the first quarter of 2026, provided second quarter guidance and raised full-year 2026 guidance.
"We had a tremendous start to the year with record sales and orders, and our backlog increased to $2.6 billion," said Beth Wozniak, nVent chair and chief executive officer. "We saw growth across all verticals, with infrastructure leading, driven by broad-based data center growth in both the gray and white space. Our investments in new products and capacity have been key to our ability to scale and respond to customer demand. As a result of our strong first-quarter performance and significant momentum in data centers, we are raising our full-year sales and EPS guidance. I want to recognize the hard work and dedication of our nVent team to deliver these outstanding results."

Reported sales in the first quarter totaled $1.2 billion. This performance represents an increase of 53 percent. Organically, sales grew 34 percent, which excludes the impact from acquisitions and currency fluctuations.
First quarter 2026 earnings per diluted share (“EPS”) were $0.86, up 65 percent, while on an adjusted basis, the company had EPS of $1.09, up 63 percent. Adjusted EPS, adjusted operating income, adjusted net income and free cash flow are non-GAAP financial measures described in the attached Non-GAAP Financial Measures section of this press release.
First quarter 2026 operating income was $196 million, up 51 percent, compared to $130 million in the first quarter of 2025. Adjusted operating income was $249 million, up 53 percent, compared to $162 million in the first quarter of 2025.
nVent had net cash provided by operating activities of $90 million in the first quarter compared to $64 million in the first quarter of 2025. Free cash flow was $54 million in the first quarter compared to $44 million in the first quarter of 2025.

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FIRST QUARTER PERFORMANCE ($ in millions)(1)
nVent Electric plc
Three months ended
March 31, 2026March 31, 2025% / point
change
Net Sales$1,242$80953%
Organic34%
Operating Income$196$13051%
Reported ROS15.8%16.1%-30 bps
Adjusted Operating Income$249$16253%
Adjusted ROS20.0%20.0%flat
Systems Protection
Three months ended
March 31, 2026March 31, 2025% / point
change
Net Sales$895$50876%
Organic50%
Adjusted ROS22.7%20.5%220 bps
Electrical Connections
Three months ended
March 31, 2026March 31, 2025% / point
change
Net Sales$347$30115%
Organic8%
Adjusted ROS24.4%28.3%-390 bps
(1) Certain figures presented in the tables are rounded.
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GUIDANCE FOR FULL-YEAR AND SECOND QUARTER 2026
The company now estimates reported sales growth for full-year 2026 of 26 to 28 percent versus prior guidance of 15 to 18 percent. This new guidance range represents 21 to 23 percent organic sales growth versus prior guidance of 10 to 13 percent. The company now expects full-year 2026 EPS of $3.68 to $3.78 on a GAAP basis and adjusted EPS of $4.45 to $4.55, versus prior guidance of $3.27 to $3.42 on a GAAP basis and adjusted EPS of $4.00 to $4.15.
The company estimates second quarter 2026 reported sales growth of 28 to 30 percent and organic sales growth of 23 to 25 percent. The company estimates second quarter 2026 EPS on a GAAP basis of $0.93 to $0.96 and adjusted EPS of $1.12 to $1.15.
DIVIDENDS
nVent previously announced on February 16, 2026 that its Board of Directors approved a regular cash dividend of $0.21 per share, payable during the second quarter on May 8, 2026.
EARNINGS CONFERENCE CALL
nVent’s management team will discuss the company’s first quarter performance on a conference call with analysts and investors at 9:00 a.m. ET today. A live audio webcast of the conference call and materials will be available through the “Investor Relations” section of the company’s website (http://investors.nvent.com). To participate, please dial 1-833-630-1071 or 1-412-317-1832 approximately ten minutes before the 9:00 a.m. ET start. A replay of the conference call will be made accessible once it becomes available and will remain accessible through May 15, 2026 by dialing 1-855-669-9658 or 1-412-317-0088, along with the access code 3392967.
About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE.
nVent, CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE are trademarks owned or licensed by nVent Services GmbH or its affiliates.
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CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “forecasts,” “should,” “would,” “could,” “positioned,” “strategy,” “future,” “are confident,” or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. All projections in this press release are also forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Among these factors are adverse effects on our business operations or financial results, including the overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including the Electrical Products Group acquisition; competition and pricing pressures in the markets we serve; the impacts of tariffs; volatility in currency exchange rates, interest rates and commodity prices; inability to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices; inability to mitigate material and other cost inflation; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; increased risks associated with operating foreign businesses; risks associated with or arising from military conflicts; the ability to deliver backlog and win future project work; failure of markets to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S. tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this press release. nVent assumes no obligation, and disclaims any obligation, to update the information contained in this press release.
Investor Contact
Tony Riter
Vice President, Investor Relations
nVent
763.204.7750
Tony.Riter@nVent.com
Media Contact
Kevin H. King
Vice President, Global Communications
nVent
763.291.0526
Kevin.King@nVent.com
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nVent Electric plc
Condensed Consolidated Statements of Income (Unaudited)
Three months ended
In millions, except per share dataMarch 31,
2026		March 31,
2025
Net sales$1,242.0 $809.3 
Cost of goods sold796.4 495.6 
Gross profit445.6 313.7 
% of net sales35.9%38.8%
Selling, general and administrative227.2 166.2 
% of net sales18.3%20.5%
Research and development22.7 17.5 
% of net sales1.8%2.2%
Operating income195.7 130.0 
% of net sales15.8%16.1%
Other expense
Net interest expense17.5 17.4 
Other expense1.3 1.1 
Income before income taxes
176.9 111.5 
Provision for income taxes36.5 24.5 
Effective tax rate20.6%22.0%
Net income from continuing operations140.4 87.0 
Income from discontinued operations, net of tax2.0 273.7 
Net income$142.4 $360.7 
Earnings per ordinary share
Basic
Continuing operations$0.87 $0.53 
Discontinued operations0.01 1.65 
Basic earnings per ordinary share$0.88 $2.18 
Diluted
Continuing operations$0.86 $0.52 
Discontinued operations0.01 1.64 
Diluted earnings per ordinary share$0.87 $2.16 
Weighted average ordinary shares outstanding
Basic161.7 165.1 
Diluted164.0 167.3 
Cash dividends paid per ordinary share$0.21 $0.20 

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nVent Electric plc
Condensed Consolidated Balance Sheets (Unaudited)
 March 31,
2026		December 31,
2025
In millions
Assets
Current assets
Cash and cash equivalents$190.0 $237.5 
Accounts and notes receivable, net828.5 693.0 
Inventories512.0 471.9 
Other current assets257.8 237.2 
Total current assets1,788.3 1,639.6 
Property, plant and equipment, net440.1 434.5 
Other assets
Goodwill2,675.5 2,678.0 
Intangibles, net1,834.7 1,876.5 
Other non-current assets223.0 223.3 
Total other assets4,733.2 4,777.8 
Total assets$6,961.6 $6,851.9 
Liabilities and Equity
Current liabilities
Current maturities of long-term debt and short-term borrowings$13.8 $13.8 
Accounts payable422.0 358.9 
Employee compensation and benefits104.9 156.6 
Other current liabilities514.3 474.2 
Total current liabilities1,055.0 1,003.5 
Other liabilities
Long-term debt1,542.9 1,546.0 
Pension and other post-retirement compensation and benefits132.9 135.6 
Deferred tax liabilities231.6 232.0 
Other non-current liabilities202.7 204.6 
Total liabilities3,165.1 3,121.7 
Equity3,796.5 3,730.2 
Total liabilities and equity$6,961.6 $6,851.9 
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nVent Electric plc
Condensed Consolidated Statements of Cash Flows (Unaudited)
 Three months ended
In millionsMarch 31,
2026		March 31,
2025
Operating activities
Net income$142.4 $360.7 
Less: Income from discontinued operations, net of tax2.0 273.7 
Net income from continuing operations140.4 87.0 
Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities
Depreciation16.8 13.8 
Amortization41.1 28.2 
Deferred income taxes(0.2)0.4 
Share-based compensation16.4 8.5 
Changes in assets and liabilities, net of effects of business acquisitions
Accounts and notes receivable(138.4)(75.9)
Inventories(42.6)(10.6)
Other current assets5.9 11.3 
Contract assets and liabilities(38.4)(1.7)
Accounts payable72.9 13.7 
Employee compensation and benefits(50.7)(15.2)
Other current liabilities63.0 5.8 
Other non-current assets and liabilities3.7 (1.4)
Net cash provided by (used for) operating activities of continuing operations89.9 63.9 
Net cash provided by (used for) operating activities of discontinued operations(4.7)(3.7)
Net cash provided by (used for) operating activities85.2 60.2 
Investing activities
Capital expenditures(36.1)(21.1)
Proceeds from sale of property and equipment— 1.6 
Acquisitions, net of cash acquired— 3.8 
Net cash provided by (used for) investing activities of continuing operations(36.1)(15.7)
Net cash provided by (used for) investing activities of discontinued operations1.7 1,583.1 
Net cash provided by (used for) investing activities(34.4)1,567.4 
Financing activities
Repayments of long-term debt(3.5)(392.5)
Dividends paid(34.2)(33.4)
Shares issued to employees, net of shares withheld(11.1)(4.6)
Repurchases of ordinary shares(50.4)(53.1)
Net cash provided by (used for) financing activities(99.2)(483.6)
Effect of exchange rate changes on cash and cash equivalents0.9 9.1 
Change in cash and cash equivalents(47.5)1,153.1 
Cash and cash equivalents, beginning of period237.5 131.2 
Cash and cash equivalents within assets held for sale, beginning of period— 58.7 
Less: Cash and cash equivalents within assets held for sale, end of period— — 
Cash and cash equivalents, end of period$190.0 $1,343.0 
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nVent Electric plc
Supplemental Financial Information by Reportable Segment (Unaudited)
20262025
In millionsFirst
Quarter		First
Quarter
Net sales
Systems Protection$894.8 $508.2 
Electrical Connections347.2 301.1 
Total$1,242.0 $809.3 
Reportable segment income
Systems Protection$203.1 $104.2 
Electrical Connections84.8 85.1 
     Reportable segment income287.9 189.3 
Enterprise and other(39.4)(27.1)
Adjusted operating income$248.5 $162.2 
Return on sales
Systems Protection22.7%20.5%
Electrical Connections24.4%28.3%
Adjusted return on sales20.0%20.0%
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NON-GAAP FINANCIAL MEASURES
This press release refers to certain non-GAAP financial measures (organic sales, adjusted operating income, adjusted return on sales, adjusted net income, adjusted diluted earnings per share and free cash flow) and a reconciliation of those non-GAAP financial measures to the corresponding financial measures contained in the Company's financial statements prepared in accordance with generally accepted accounting principles. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies.
As a result of the previously announced agreement to sell the Thermal Management business, the Company is reporting the results of that business as discontinued operations and has reclassified all prior periods presented. Results referenced herein reflect continuing operations.
The 2026 and 2025 adjusted operating income, adjusted return on sales, adjusted net income and adjusted diluted earnings per share eliminate, where applicable:
•Expense related to certain targeted restructuring activities.
•Expense related to certain acquisition and integration activities associated with our business acquisitions, and transaction costs associated with our business divestiture.
•Amortization of all intangible assets associated with our business acquisitions, including inventory step-up amortization, associated with those acquisitions. The Company excludes these non-cash expenses because the Company believes it (i) enhances management’s and investors’ ability to analyze underlying business performance, (ii) facilitates comparisons of our financial results over multiple periods, and (iii) provides more relevant comparisons of the Company's results with the results of other companies as the amortization expense, inventory step-up amortization, and acquisition related expenses may fluctuate significantly from period to period based on the timing, size, nature, and number of acquisitions. Although the Company excludes amortization of these acquired intangible assets and inventory step-up from its non-GAAP results, the Company believe that it is important for investors to understand that revenue generated, in part, from such intangibles is included within revenue in determining adjusted results.
•Pension and other postretirement mark-to-market loss (gain). The Company recognizes changes in the fair value of plan assets and net actuarial gains or losses for pension and other post-retirement benefits as a mark-to-market adjustment. Net actuarial gains and losses occur when the actual experience differs from any of the various assumptions used to value the Company's pension and other post-retirement plans or when assumptions change. This accounting method also results in the potential for volatile and difficult to forecast mark-to-market adjustments. The Company believes that the exclusion of pension and other postretirement mark-to-market loss (gain) better reflects the ongoing costs of providing pension and postretirement benefits to its employees.
•Income tax effects of the above adjustments, which are calculated using the Company's estimated non-GAAP tax rate. This non-GAAP tax approach eliminates the effects of period specific items, which can vary in size and frequency and do not necessarily reflect our long-term operations. The non-GAAP tax rate could be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in the Company's geographic earnings mix including due to acquisition activity or other changes in our strategy or business operations.
The Company uses the term "organic sales" to refer to GAAP net sales excluding 1) the impact of currency translation and 2) the impact of revenue from acquired businesses recorded prior to the first anniversary of the acquisition less the amount of sales attributable to divested product lines not considered discontinued operations ("acquisition sales"). The portion of GAAP net sales attributable to currency translation is calculated as the difference between (a) the period-to-period change in net sales (excluding acquisition sales) and (b) the period-to-period change in net sales (excluding acquisition sales) after applying prior period foreign exchange rates to the current year period. The Company uses the term "organic sales growth" to refer to the measure of comparing current period organic net sales with the corresponding period of the prior year.
Management utilizes these adjusted financial measures to assess the run-rate of its continuing operations against those of prior periods without the distortion of these factors that the Company does not consider components of our core operating performance. The Company believes that these non-GAAP financial measures will be useful to investors as well to assess the continuing strength of the Company's underlying operations. In addition, adjusted diluted earnings per share is used as a criterion to measure and pay long-term incentive compensation and adjusted operating income is used as a criterion to measure and pay annual incentive compensation.
The Company uses free cash flow to assess its cash flow performance. The Company believes free cash flow is an important measure of liquidity because it provides the Company and its investors useful information regarding the Company's ability to generate cash without reliance on external financing. Management uses free cash flow to evaluate the resources available to pay dividends, make acquisitions, repay debt, repurchase shares and make investments in the business. In addition, free cash flow is used as criterion to measure and pay annual incentive compensation.
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nVent Electric plc
Reconciliation of GAAP to non-GAAP financial measures for continuing operations
for the year ending December 31, 2026
excluding the effect of adjustments (Unaudited)
Actual
Forecast (1)
In millions, except per share dataFirst QuarterSecond QuarterFull Year
Net sales$1,242.0 
Operating income195.7 
Return on sales15.8%
Adjustments:
Restructuring and other8.9 
Acquisition transaction and integration costs2.8 
Intangible amortization41.1 
Adjusted operating income (non-GAAP measure)$248.5 
Adjusted return on sales (non-GAAP measure)20.0%
Net income from continuing operations$140.4 $155 $613 
Adjustments to operating income52.8 41 166 
Income tax adjustments(14.0)(9)(39)
Adjusted net income from continuing operations (non-GAAP measure)$179.2 $187 $740 
Earnings per ordinary share - diluted
Diluted earnings per ordinary share from continuing operations$0.86 $0.93 - $0.96$3.68 - $3.78
Adjustments0.23 0.19 0.77 
Adjusted diluted earnings per ordinary share from continuing operations (non-GAAP measure)$1.09 $1.12 - $1.15$4.45 - $4.55
(1) Forecast information represents an approximation

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nVent Electric plc
Reconciliation of GAAP to non-GAAP financial measures for continuing operations for the year ended December 31, 2025
excluding the effect of adjustments (Unaudited)
In millions, except per-share dataFirst
Quarter		Second
Quarter		Third
Quarter		Fourth
Quarter		Full
Year
Net sales$809.3 $963.1 $1,054.0 $1,066.7 $3,893.1 
Operating income130.0 156.7 166.3 163.8 616.8 
Return on sales16.1%16.3%15.8%15.4%15.8%
Adjustments:
Restructuring and other0.9 3.1 2.7 0.8 7.5 
 Acquisition transaction and integration costs 3.1 4.3 2.4 4.6 14.4 
Intangible amortization28.2 35.9 41.9 41.1 147.1 
Adjusted operating income (non-GAAP measure)$162.2 $200.0 $213.3 $210.3 $785.8 
Adjusted return on sales (non-GAAP measure)20.0%20.8%20.2%19.7%20.2%
Net income from continuing operations$87.0 $106.7 $119.0 $115.8 $428.5 
Adjustments to operating income32.2 43.3 47.0 46.5 169.0 
Pension and post-retirement mark-to-market gain— — — (12.9)(12.9)
Income tax adjustments(7.1)(9.4)(16.8)(1.3)(33.8)
Adjusted net income from continuing operations (non-GAAP measure)$112.1 $140.6 $149.2 $148.1 $550.8 
Earnings per ordinary share - diluted
Diluted earnings per ordinary share from continuing operations$0.52 $0.65 $0.73 $0.71 $2.60 
Adjustments0.15 0.21 0.18 0.19 0.75 
Adjusted diluted earnings per ordinary share from continuing operations (non-GAAP measure)$0.67 $0.86 $0.91 $0.90 $3.35 
(more)

12
nVent Electric plc
Reconciliation of Net Sales Growth (GAAP measure) to Organic Net Sales Growth (non-GAAP measure) by Segment
for the quarter ended March 31, 2026 (Unaudited)
Q1 Net Sales Growth
OrganicCurrencyAcq./Div.Total
nVent34.4 %2.1 %17.0 %53.5 %
Systems Protection50.1 %2.2 %23.8 %76.1 %
Electrical Connections7.9 %1.8 %5.6 %15.3 %
Reconciliation of Net Sales Growth (GAAP measure) to Organic Net Sales Growth (non-GAAP measure)
for the quarter ending June 30, 2026 and year ending December 31, 2026 (Unaudited)
Forecast (1)
Q2 Net Sales GrowthFull Year Net Sales Growth
OrganicCurrencyAcq./Div.TotalOrganicCurrencyAcq./Div.Total
nVent23 - 25%—%5%28 - 30%21 - 23%—%5%26 - 28%
(1) Forecast information represents an approximation
nVent Electric plc
Reconciliation of cash from operating activities to free cash flow (Unaudited)
 Three months ended
In millionsMarch 31,
2026		March 31,
2025
Net cash provided by (used for) operating activities of continuing operations$89.9 $63.9 
Capital expenditures(36.1)(21.1)
Proceeds from sale of property and equipment— 1.6 
Free cash flow (non-GAAP measure)$53.8 $44.4 

Source: View Original Filing on SEC EDGAR

FAQ

How did nVent (NVT) perform financially in Q1 2026?

nVent delivered strong Q1 2026 results with net sales of $1.242 billion, up 53% year over year and 34% organically. Diluted EPS from continuing operations rose to $0.86, while adjusted EPS increased to $1.09, reflecting higher sales and improved profitability.

What segments drove nVent (NVT) growth in the first quarter of 2026?

Growth was led by Systems Protection, where net sales climbed to $894.8 million, up 76% with 50% organic growth. Adjusted return on sales in this segment expanded to 22.7%. Electrical Connections also grew, with net sales of $347.2 million, up 15% year over year.

Did nVent (NVT) raise its full-year 2026 guidance?

Yes. nVent now expects 2026 reported sales growth of 26–28% and organic growth of 21–23%. GAAP EPS guidance increased to $3.68–$3.78, and adjusted EPS guidance rose to $4.45–$4.55, up from the prior ranges given earlier.

What is nVent’s (NVT) earnings guidance for Q2 2026?

For Q2 2026, nVent estimates reported sales growth of 28–30% and organic growth of 23–25%. The company projects GAAP EPS of $0.93–$0.96 and adjusted EPS of $1.12–$1.15, indicating continued strong demand trends.

How did nVent’s cash flow and free cash flow trend in Q1 2026?

Net cash provided by operating activities of continuing operations increased to $89.9 million in Q1 2026 from $63.9 million a year earlier. Free cash flow rose to $53.8 million, compared with $44.4 million in Q1 2025, after capital expenditures.

What dividend did nVent (NVT) declare for Q2 2026?

nVent’s Board approved a regular cash dividend of $0.21 per share, payable during the second quarter on May 8, 2026. This compares with a dividend of $0.20 per share paid in the prior-year period, reflecting a modest increase.

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