nVent Electric plcNVTEarnings & Financial Report
NVent Electric plc is an American-British multinational company providing electrical connection and enclosure products. The company designs, manufactures, markets, and services products used to connect, protect, and manage electrical systems in commercial, industrial, residential, infrastructure, and data center applications.
Revenue
$874.6M
Gross Profit
$355.5M
Operating Profit
$159.2M
Net Profit
$105.1M
Gross Margin
40.6%
Operating Margin
18.2%
Net Margin
12.0%
YoY Growth
18.1%
EPS
$0.62
nVent Electric plc Q1 FY2024 Financial Summary
nVent Electric plc reported revenue of $874.6M (up 18.1% YoY) for Q1 FY2024, with a net profit of $105.1M (up 12.0% YoY) (12.0% margin). Cost of goods sold was $519.1M, operating expenses totaled $196.3M.
Key Financial Metrics
| Total Revenue | $874.6M |
|---|---|
| Net Profit | $105.1M |
| Gross Margin | 40.6% |
| Operating Margin | 18.2% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
nVent Electric plc Q1 FY2024 revenue of $874.6M breaks down across 7 segments, led by Enclosures Segment at $312.9M (35.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Enclosures Segment | $312.9M | 35.8% |
| Electricaland Fastening Solutions Segment | $241.0M | 27.6% |
| Infrastructure Sector | $141.2M | 16.1% |
| Thermal Management Segment | $86.6M | 9.9% |
| Commercial And Residential Sector | $61.4M | 7.0% |
| Other | $24.8M | 2.8% |
| Energy Sector | $6.7M | 0.8% |
nVent Electric plc Revenue by Segment — Quarterly Trend
nVent Electric plc revenue by segment across the last 4 reported quarters, showing how each business line (such as Enclosures Segment and Electricaland Fastening Solutions Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Enclosures Segment | — | — | $495.5M | — |
| Electricaland Fastening Solutions Segment | $278.0M | $290.6M | — | $255.0M |
| Infrastructure Sector | — | $373.3M | $292.4M | $218.0M |
| Commercial And Residential Sector | — | — | $73.5M | $58.9M |
nVent Electric plc Annual Revenue by Year
nVent Electric plc annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.9B |
| 2024 | $3.0B |
| 2023 | $2.7B |
nVent Electric plc Quarterly Revenue & Net Profit History
nVent Electric plc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.1B | +127.3% | $118.8M | 11.1% |
| Q3 FY2025 | $1.1B | +34.8% | $121.2M | 11.5% |
| Q2 FY2025 | $963.1M | +9.4% | $109.5M | 11.4% |
| Q1 FY2025 | $809.3M | -7.5% | $360.7M | 44.6% |
| Q4 FY2024 | $469.2M | -45.5% | $10.7M | 2.3% |
| Q3 FY2024 | $782.0M | -8.9% | $105.0M | 13.4% |
| Q2 FY2024 | $880.3M | +9.6% | $111.0M | 12.6% |
| Q1 FY2024 | $874.6M | +18.1% | $105.1M | 12.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $874.6M | $880.3M | $782.0M | $469.2M | $809.3M | $963.1M | $1.05B | $1.07B |
| YoY Growth | 18.1% | 9.6% | -8.9% | -45.5% | -7.5% | 9.4% | 34.8% | 127.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.17B | $6.19B | $6.92B | $6.73B | $6.73B | $6.74B | $6.77B | $6.85B |
| Liabilities | $2.96B | $2.90B | $3.63B | $3.50B | $3.11B | $3.22B | $3.14B | $3.12B |
| Equity | $3.21B | $3.29B | $3.28B | $3.24B | $3.62B | $3.52B | $3.63B | $3.73B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $90.0M | $130.8M | $197.7M | $224.6M | $60.2M | $-16.9M | $219.5M | $202.4M |