LONDON — nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced strong financial results for the first quarter of 2026, provided second-quarter guidance and raised full-year 2026 guidance.
“We had a tremendous start to the year with record sales and orders, and our backlog increased to $2.6 billion,” said Beth Wozniak, nVent chair and chief executive officer. “We saw growth across all verticals, with infrastructure leading, driven by broad-based data center growth in both the gray and white space. Our investments in new products and capacity have been key to our ability to scale and respond to customer demand. As a result of our strong first-quarter performance and significant momentum in data centers, we are raising our full-year sales and EPS guidance. I want to recognize the hard work and dedication of our nVent team to deliver these outstanding results.”
Reported sales in the first quarter totaled $1.2 billion. This performance represents an increase of 53 percent. Organically, sales grew 34 percent, which excludes the impact from acquisitions and currency fluctuations.
First quarter 2026 earnings per diluted share (“EPS”) were $0.86, up 65 percent, while on an adjusted basis, the company had EPS of $1.09, up 63 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.
First quarter 2026 operating income was $196 million, up 51 percent, compared to $130 million in the first quarter of 2025. Adjusted operating income was $249 million, up 53 percent, compared to $162 million in the first quarter of 2025.
nVent had net cash provided by operating activities of $90 million in the first quarter compared to $64 million in the first quarter of 2025. Free cash flow was $54 million in the first quarter compared to $44 million in the first quarter of 2025.
GUIDANCE FOR FULL-YEAR AND SECOND QUARTER 2026
The company now estimates reported sales growth for full-year 2026 of 26 to 28 percent versus prior guidance of 15 to 18 percent. This new guidance range represents 21 to 23 percent organic sales growth versus prior guidance of 10 to 13 percent. The company now expects full-year 2026 EPS of $3.68 to $3.78 on a GAAP basis and adjusted EPS of $4.45 to $4.55, versus prior guidance of $3.27 to $3.42 on a GAAP basis and adjusted EPS of $4.00 to $4.15.
The company estimates second quarter 2026 reported sales growth of 28 to 30 percent and organic sales growth of 23 to 25 percent. The company estimates second quarter 2026 EPS on a GAAP basis of $0.93 to $0.96 and adjusted EPS of $1.12 to $1.15.
DIVIDENDS
nVent previously announced on February 16, 2026, that its Board of Directors approved a regular cash dividend of $0.21 per share, payable during the second quarter on May 8, 2026.
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