nVent – nVent Announces Second Quarter 2024 Financial Results

August 6, 2024
nVent

Record sales and strong cash flow; updating full-year guidance 

 

  • Reported sales of $880 million up 10%, organically up 4% 
  • Reported EPS of $0.66, down 1%; Adjusted EPS of $0.82, up 6% 
  • Cash Flows from Operations of $131 million, up 69%; Free Cash Flow of $112 million, up 81% 
  • Updating full-year 2024 guidance: 
    • Raising reported sales growth to 11% to 13%; maintaining organic sales growth of 3% to 5% 
    • …