nVent Electric reported record sales and orders in the third quarter, with revenue and earnings rising sharply from a year earlier. The electrical connection and protection company also raised its full-year 2026 sales and earnings outlook, citing broad-based growth across its businesses and regions.
The results include continuing operations. nVent said it closed its acquisition of Maverick Power on Oct. 1, adding a power-distribution platform and expanding its exposure to data centers.
Key details
- Sales reached $1.515 billion, up 44% from $1.054 billion a year earlier. Organic sales, which exclude acquisitions and currency effects, also grew 44%.
- Growth was broad-based: nVent reported double-digit sales growth across all its verticals and geographies, led by infrastructure. New products contributed about 30 percentage points to sales growth, the company said.
- Earnings per share increased: Reported diluted EPS was $1.23, up 68%. Adjusted EPS was $1.52, up 67%. Adjusted EPS is a non-GAAP measure.
- Operating income rose to $282 million, from $166 million a year earlier, a 70% increase. Adjusted operating income increased 57% to $335 million from $213 million.
- Cash generation improved: Cash provided by operating activities was $303 million, up 12% from $272 million. Free cash flow was $268 million, up 6% from $253 million.
- The company raised its full-year 2026 outlook. It now expects reported sales growth of 48% to 49% and organic sales growth of 38% to 39%.
- Full-year EPS guidance is $4.54 to $4.57 on a reported basis and $5.36 to $5.39 on an adjusted basis.
- nVent also provided fourth-quarter guidance, though the figures are not included in the supplied release excerpt.
What changes
The higher full-year targets reflect nVent’s stronger year-to-date performance and its updated expectations for sales and earnings. The Maverick Power acquisition adds a power-distribution offering and increases the company’s presence in data centers; it closed after the third quarter, on Oct. 1.