LONDON, UNITED KINGDOM — nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced strong third-quarter 2026 financial results, provided fourth-quarter guidance, and raised full-year 2026 guidance.
“We had another strong quarter, with record sales and orders. We saw double-digit sales growth in all verticals, led by infrastructure,” said Beth Wozniak, nVent chair and chief executive officer. “New products contributed approximately 30 points to sales growth. We also closed on the Maverick Power acquisition on October 1, broadening our data center exposure by adding a new power distribution platform. Our record year-to-date performance has us on track for another outstanding year. I want to thank our nVent team for focusing on our customers and achieving record performance levels.”
Reported sales in the third quarter totaled $1.5 billion. This performance represents a 44 percent increase. Organically, sales grew 44 percent, excluding the impact of acquisitions and currency fluctuations.
Third quarter 2026 earnings per diluted share (“EPS”) were $1.23, up 68 percent; on an adjusted basis, EPS was $1.52, up 67 percent. Adjusted EPS, adjusted operating income, adjusted net income and free cash flow are non-GAAP financial measures described in the attached Non-GAAP Financial Measures section of this press release.
Third quarter 2026 operating income was $282 million, up 70 percent, compared to $166 million in the third quarter of 2025. Adjusted operating income was $335 million, up 57 percent, compared to $213 million in the third quarter of 2025.
nVent had net cash provided by operating activities of $303 million in the third quarter compared to $272 million in the third quarter of 2025. Free cash flow was $268 million in the third quarter compared to $253 million in the third quarter of 2025.
GUIDANCE FOR FULL-YEAR AND FOURTH QUARTER 2026
The company now estimates reported sales growth for full-year 2026 of 48 to 49 percent versus prior guidance of
37 to 39 percent. This new guidance range reflects 38 to 39 percent organic sales growth versus prior guidance of
32 to 34 percent. The company now expects full-year 2026 EPS of $4.54 to $4.57 on a GAAP basis and adjusted EPS of $5.36 to $5.39, versus prior guidance of $4.29 to $4.39 on a GAAP basis and adjusted EPS of $5.00 to $5.10.
The company estimates fourth quarter 2026 reported sales growth of 45 to 48 percent and organic sales growth of 26 to 29 percent. The company estimates fourth quarter 2026 EPS on a GAAP basis of $1.13 to $1.16 and adjusted EPS of $1.30 to $1.33.
DIVIDENDS
nVent previously announced on September 21, 2026 that its Board of Directors approved a regular cash dividend of $0.21 per share, payable during the fourth quarter on November 6, 2026.
View the full press release here.
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