LONDON – nVent Electric plc (“nVent”), today announced strong financial results for the second quarter of 2025 and provided guidance for the third quarter and full-year 2025. The second quarter performance included strong double-digit growth in orders and sales, more than a four-fold increase in backlog, growth in all key geographic regions and strong contribution from new products year-over-year.
“Our portfolio transformation to become a more focused, higher growth electrical connection and protection leader is delivering results and accelerating our growth. We had an outstanding quarter, and I am very proud of the many accomplishments by our team,” said nVent Chair and Chief Executive Officer Beth Wozniak.
“The Trachte and Electrical Products Group acquisitions performed better than expected, further strengthening our position in the high growth infrastructure vertical, including power utilities, data centers and renewables. Our teams are doing outstanding work executing on our integration playbook and accelerating our growth synergies. We are raising our full-year sales and updating our EPS guidance to reflect our terrific second quarter performance and our increasing momentum in data centers and power utilities.”
Reported sales in the second quarter totaled $963 million. This performance represents an increase of 30 percent. Organically, sales grew 9 percent, which excludes the impact from acquisitions and currency fluctuations.
Second quarter 2025 earnings per diluted share (“EPS”) from continuing operations were $0.65, up 18 percent, while on an adjusted basis, the company had EPS from continuing operations of $0.86, up 28 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.
Second quarter 2025 operating income was $157 million, up 8 percent, compared to $145 million in the second quarter of 2024. Adjusted operating income was $200 million, up 18 percent, compared to $169 million in the second quarter of 2024.
nVent had net cash provided by operating activities of continuing operations of $91 million in the second quarter compared to $117 million in the second quarter of 2024. Free cash flow generated was $74 million in the second quarter compared to $101 million in the second quarter of 2024.
SECOND QUARTER PERFORMANCE ($ in millions)¹
GUIDANCE FOR FULL-YEAR AND THIRD QUARTER 2025
The company now estimates reported sales growth for full-year 2025 of 24 to 26 percent versus prior guidance of 19 to 21 percent. This new guidance range represents 8 to 10 percent organic sales growth versus prior guidance of 5 to 7 percent. The company now expects full-year 2025 EPS of $2.48 to $2.56 on a GAAP basis and adjusted EPS of $3.22 to $3.30, versus prior guidance of $2.48 to $2.58 on a GAAP basis and adjusted EPS of $3.03 to $3.13.
The company estimates third quarter 2025 reported sales growth of 27 to 29 percent and organic sales growth of 11 to 13 percent. The company estimates third quarter 2025 EPS on a GAAP basis of $0.67 to $0.69 and adjusted EPS of $0.86 to $0.88.
DIVIDENDS
nVent previously announced on May 16, 2025 that its Board of Directors approved a regular cash dividend of $0.20 per share, payable during the third quarter on August 1, 2025.