nVent Electric (NVT) Q1 2025 earnings summary

Executive summary

• Q1 2025 sales reached $809 million, up 11% year-over-year, with double-digit order growth and strong performance in infrastructure, data solutions, and power utilities; organic growth was 2%.

• Adjusted EPS from continuing operations rose 10% to $0.67; free cash flow increased 32% to $44 million.

• Portfolio transformation advanced with the divestiture of the Thermal Management business and acquisitions of Trachte and Avail Electrical Products Group, expanding infrastructure offerings.

• Net income rose to $360.7 million, including a $273.7 million gain from discontinued operations related to the Thermal Management sale.

• Balance sheet remains strong, supporting disciplined capital allocation and increased guidance for full-year sales and EPS.

Financial highlights

• Q1 sales were $809 million, up 11% year-over-year; organic sales grew 2%.

• Adjusted operating income increased 4% to $162 million; adjusted return on sales was 20.0%, down from 21.3% year-over-year.

• Diluted EPS from continuing operations was $0.52; total diluted EPS including discontinued operations was $2.16.

• Free cash flow was $44 million, up 32% year-over-year; free cash flow margin improved to 5.5% of sales.

• Acquisitions contributed $71 million to sales, or 10 points of growth.

Outlook and guidance

• Full-year 2025 reported sales growth forecast raised to 19–21%, with organic growth expected at 5–7%.

• Full-year adjusted EPS guidance increased to $3.03–$3.13, up 22–26% from original guidance; GAAP EPS guidance raised to $2.48–$2.58.

• Q2 2025 reported sales expected to grow 22–24%, with adjusted EPS of $0.77–$0.79.

• Acquisitions expected to contribute 14 percentage points to full-year sales, up from 5 points previously.

• Guidance reflects Avail acquisition, strength in data centers and utilities, and tariff impacts.