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BRIEF-Nvent Announces First Quarter 2022 Financial Results

reuters.com · 04/29/2022 07:23
BRIEF-Nvent Announces First Quarter 2022 Financial Results

- nVent Electric PLC NVT:

  • NVENT ANNOUNCES FIRST QUARTER 2022 FINANCIAL RESULTS

  • RAISING FULL-YEAR SALES AND ADJUSTED EPS GUIDANCE

  • QTRLY REPORTED SALES OF $695 MILLION, UP 27%; ORGANIC SALES UP 24%

  • QTRLY REPORTED EPS OF $0.40 ; ADJUSTED EPS OF $0.50

  • NVENT ELECTRIC -ESTIMATES REPORTED AND ORGANIC SALES GROWTH FOR FY 2022 OF UP 11 TO 13 % VERSUS PRIOR GUIDANCE OF UP 6 TO 10 % AND 6 TO 9 %, RESPECTIVELY

  • NVENT ELECTRIC -NOW EXPECTS FULL-YEAR 2022 EPS OF $1.78 TO $1.86 ON A GAAP BASIS AND ADJUSTED EPS OF $2.14 TO $2.22

  • NVENT ELECTRIC - SEES REPORTED SALES FOR Q2 OF 2022 TO BE UP 13 TO 15 PERCENT, WHICH REPRESENTS UP 12 TO 14 PERCENT ON AN ORGANIC BASIS

  • NVENT ELECTRIC - ESTIMATES SECOND QUARTER 2022 EPS ON A GAAP BASIS OF $0.43 TO $0.45 AND ADJUSTED EPS OF $0.52 TO $0.54

  • Q1 EARNINGS PER SHARE VIEW $0.44, REVENUE VIEW $625.7 MILLION -- REFINITIV IBES DATA

  • Q2 EARNINGS PER SHARE VIEW $0.54, REVENUE VIEW $669.8 MILLION -- REFINITIV IBES DATA

  • FY2022 EARNINGS PER SHARE VIEW $2.17, REVENUE VIEW $2.68 BILLION -- REFINITIV IBES DATA

Further company coverage: NVT


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