nVent Electric plc
Business
nVent Electric plc is a global provider of electrical connection and protection solutions for mission-critical applications. The company designs, manufactures, markets, installs and services bus systems, cable management, control buildings, cooling solutions, electrical connections, enclosures, equipment protection, power connections, power management solutions and switchgear systems. Operations span two reportable segments: Systems Protection (enclosures, liquid and air cooling, control buildings, switchgear) and Electrical Connections (bus systems, cable management, electrical connectors and power connections). Products serve infrastructure, industrial, commercial, residential and energy applications worldwide through distributors, contractors, utilities, OEMs and panel builders.
Summary from 10-K filed 2026-02-17
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 3,893 | 3,006 | 2,669 | 2,295 | 2,462 | |
| Cost of goods sold(1) | 2,424 | 1,797 | 1,594 | 1,472 | 1,520 | |
| Gross profit | 1,469 | 1,209 | 1,075 | 823 | 942 | |
| Selling, general and administrative | 774 | 616 | 557 | 468 | 538 | |
| Research and development | 79 | 66 | 55 | 46 | 49 | |
| Operating income | 617 | 527 | 463 | 309 | 355 | |
| Net interest expense | 75 | 106 | 79 | 31 | — | |
| Gain on sale of investment | 0 | 0 | −10 | 0 | 0 | |
| Other expense (income) | −8 | −8 | 18 | −59 | −13 | |
| Income before income taxes | 550 | 429 | 375 | 336 | 321 | |
| Provision (benefit) for income taxes | 122 | 188 | −84 | 43 | 48 | |
| Net income from continuing operations | 429 | 241 | 460 | 293 | — | |
| Income from discontinued operations, net of tax | 282 | 91 | 107 | 107 | — | |
| Net income | 710 | 332 | 567 | 400 | 273 | |
| Changes in cumulative translation adjustment (2025 includes $92.7 million reclassified to gain on sale included in Income from discontinued operations, net of tax) | 127 | −44 | 11 | −19 | 4 | |
| Changes in market value of derivative financial instruments, net of tax | −14 | 3 | −15 | 2 | 8 | |
| Comprehensive income attributable to nVent | 823 | 291 | 563 | 383 | 285 | |
| Discontinued operations (in dollars per share) | 1.73 | 0.55 | 0.64 | 0.64 | — | |
| Continuing operations (in dollars per share) | 2.63 | 1.45 | 2.78 | 1.76 | — | |
| Basic (dollars per share) | 4.36 | 2 | 3.42 | 2.4 | 1.63 | |
| Continuing operations (in dollars per share) | 2.6 | 1.43 | 2.73 | 1.74 | — | |
| Discontinued operations (in dollars per share) | 1.71 | 0.54 | 0.64 | 0.64 | — | |
| Diluted (dollars per share) | 4.31 | 1.97 | 3.37 | 2.38 | 1.61 | |
| Basic (shares) | 162 | 166 | 166 | 166 | 168 | |
| Diluted (shares) | 165 | 168 | 168 | 168 | 170 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 238 | 131 | 180 | 290 | 44 | |
| Accounts and notes receivable, net of allowances of $13.7 and $14.3, respectively | 693 | 473 | 470 | 473 | 438 | |
| Inventories | 472 | 360 | 360 | 347 | 322 | |
| Other current assets | 237 | 124 | 73 | 113 | 102 | |
| Current assets held for sale | 0 | 301 | 254 | — | — | |
| Total current assets | 1,640 | 1,389 | 1,336 | 1,229 | 912 | |
| Property, plant and equipment, net | 435 | 348 | 320 | 289 | 291 | |
| Goodwill | 2,678 | 2,222 | 1,858 | 1,466 | 2,187 | |
| Intangibles, net | 1,877 | 1,587 | 1,351 | 1,066 | 1,144 | |
| Other non-current assets | 223 | 214 | 303 | 140 | 141 | |
| Non-current assets held for sale | 0 | 975 | 995 | — | — | |
| Total other assets | 4,778 | 4,998 | 4,506 | 3,384 | 3,472 | |
| Total assets | 6,852 | 6,735 | 6,162 | 4,902 | 4,674 | |
| Current maturities of long-term debt and short-term borrowings | 14 | 38 | 32 | 15 | 5 | |
| Accounts payable | 359 | 280 | 240 | 252 | 261 | |
| Employee compensation and benefits | 157 | 95 | 103 | 109 | 114 | |
| Other current liabilities | 474 | 267 | 245 | 273 | 256 | |
| Current liabilities held for sale | 0 | 123 | 115 | — | — | |
| Total current liabilities | 1,004 | 802 | 734 | 650 | 636 | |
| Long-term debt | 1,546 | 2,118 | 1,749 | 1,068 | 994 | |
| Pension and other post-retirement compensation and benefits | 136 | 132 | 140 | 129 | 208 | |
| Deferred tax liabilities | 232 | 243 | 190 | 200 | 210 | |
| Other non-current liabilities | 205 | 158 | 159 | 125 | 129 | |
| Non-current liabilities held for sale | 0 | 46 | 48 | — | — | |
| Total liabilities | 3,122 | 3,497 | 3,020 | 2,171 | 2,178 | |
| Ordinary shares $0.01 par value, 400.0 million authorized, 161.7 million and 165.0 million issued at December 31, 2025 and 2024, respectively | 2 | 2 | 2 | 2 | 2 | |
| Additional paid-in capital | 2,072 | 2,272 | 2,339 | 2,372 | 2,403 | |
| Retained earnings | 1,688 | 1,109 | 905 | 457 | 175 | |
| Accumulated other comprehensive loss | −31 | −144 | −104 | −100 | −83 | |
| Total equity | 3,730 | 3,238 | 3,142 | 2,732 | 2,496 | |
| Total liabilities and equity | 6,852 | 6,735 | 6,162 | 4,902 | 4,674 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 61 | 51 | 44 | 36 | 41 | |
| Intangible asset amortization | 147 | 95 | 70 | 50 | 68 | |
| Deferred income taxes | 11 | 85 | −166 | −11 | −19 | |
| Share-based compensation | 38 | 27 | 22 | 23 | 17 | |
| Impairment of equity investments | 0 | 9 | 0 | 0 | 0 | |
| Release of guarantee liability | 0 | −13 | 0 | 0 | — | |
| Amortization of bridge financing debt issuance costs | 0 | 2 | 4 | 0 | 0 | |
| Pension and other post-retirement (income) expense | −7 | 5 | 20 | −58 | −10 | |
| Pension and other post-retirement contributions | −5 | −5 | −5 | −4 | −7 | |
| Accounts and notes receivable | −112 | 39 | −22 | −42 | −104 | |
| Inventories | −79 | −600,000 | 22 | −21 | −74 | |
| Other current assets | −4 | −10 | −11 | 3 | −8 | |
| Contract assets and liabilities | 39 | −16 | 5 | — | — | |
| Accounts payable | 57 | 2 | 8 | −5 | 74 | |
| Employee compensation and benefits | 49 | −11 | 3 | −4 | 44 | |
| Other current liabilities | 27 | 800,000 | −6 | 22 | 59 | |
| Other non-current assets and liabilities | −500,000 | −1 | −13 | −9 | 4 | |
| Net cash provided by (used for) operating activities of continuing operations | 649 | 501 | 422 | 273 | — | |
| Net cash provided by (used for) operating activities of discontinued operations | −184 | 142 | 106 | 121 | — | |
| Net cash provided by (used for) operating activities of continuing operations | 465 | 643 | 528 | 395 | 373 | |
| Capital expenditures | −93 | −74 | −66 | −41 | −40 | |
| Proceeds from sale of property and equipment | 5 | 500,000 | 100,000 | 2 | 600,000 | |
| Proceeds from sale of investment | 0 | 0 | 14 | 0 | 0 | |
| Settlement of net investment hedge | 0 | 400,000 | 5 | 0 | 0 | |
| Acquisitions, net of cash acquired | −976 | −678 | −1,120 | −9 | −235 | |
| Net cash provided by (used for) investing activities of continuing operations | −1,064 | −751 | −1,167 | −47 | — | |
| Net cash provided by (used for) investing activities of discontinued operations | 1,585 | −8 | 2 | −5 | — | |
| Net cash provided by (used for) investing activities | 521 | −758 | −1,165 | −53 | −274 | |
| Proceeds from long-term debt | 275 | 500 | 800 | 200 | 300 | |
| Repayments of long-term debt | −873 | −127 | −101 | −10 | −319 | |
| Debt issuance costs | −2 | −4 | −11 | 0 | −5 | |
| Dividends paid | −130 | −127 | −117 | −117 | −118 | |
| Shares issued to employees, net of shares withheld | 15 | 3 | 2 | 8 | 20 | |
| Repurchases of ordinary shares | −253 | −100 | −61 | −66 | −112 | |
| Net cash provided by (used for) financing activities | −968 | 146 | 517 | −82 | −167 | |
| Effect of exchange rate changes on cash and cash equivalents | 30 | −26 | 8 | −12 | −6 | |
| Change in cash and cash equivalents | 48 | 5 | −112 | 248 | −73 | |
| Cash paid for interest, net | 106 | 135 | 103 | 49 | 43 | |
| Cash paid for income taxes, net | 283 | 120 | 112 | 87 | 61 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is nVent Electric plc's CIK number?
nVent Electric plc's SEC CIK number is 0001720635 (1720635). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find nVent Electric plc's SEC filings?
All of nVent Electric plc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did nVent Electric plc last report earnings?
nVent Electric plc (NVT) most recently filed an earnings 8-K with the SEC on May 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-029098). This is nVent Electric plc's most recent earnings filing of record — not a forecast of its next earnings date.
What is nVent Electric plc's most recent earnings 8-K?
nVent Electric plc's latest earnings 8-K (Item 2.02) was filed May 1, 2026 under accession 0001628280-26-029098. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View nVent Electric plc's latest earnings 8-K →
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