nVent shares fall 8.9% despite Q3 profit beat, raised forecast

Shares fell 8.9% in regular trading as of 3:59 p.m. ET, from a regular-session close of $138.15.

nVent (NVT) raised its full-year 2026 forecast after reporting record third-quarter sales, with adjusted EPS of $1.52 topping the $1.38 consensus estimate compiled by Finnhub.

The company said on Oct. 30 that reported sales rose 44% to $1.51 billion from $1.05 billion a year earlier. Revenue topped the $1.44 billion consensus estimate compiled by Finnhub.

Here's how the company did:

• Revenue: $1.51 billion vs. $1.05 billion a year earlier, against $1.44 billion expected, according to Finnhub
• Adjusted EPS: $1.52 vs. $0.91 a year earlier, against $1.38 expected, according to Finnhub
• Reported EPS: $1.23 per diluted share vs. $0.74 a year earlier
• Adjusted operating income: $335 million, up 57% from a year earlier

Organic sales, which exclude acquisitions and currency effects, also grew 44%.

“We had another strong quarter, with record sales and orders,” said chair and chief executive officer Beth Wozniak. “New products contributed approximately 30 points to sales growth.”

The company closed the Maverick Power acquisition on Oct. 1. The company said the deal broadens its data center exposure by adding a new power distribution platform.

Free cash flow was $268 million, up 6% from a year earlier. Operating cash flow from continuing operations was $303 million, up 12%.

Segment results

Systems Protection sales rose 53% to $1.10 billion. Its adjusted return on sales rose to 23.0% from 20.4%.

Electrical Connections sales rose 23% to $417 million. Its adjusted return on sales fell to 28.2% from 30.0%.

The company’s adjusted return on sales rose to 22.1% from 20.2%.

2026 guidance

The company now expects reported sales growth of 48% to 49% for 2026, up from the 37% to 39% range it gave on July 31. It expects organic sales growth of 38% to 39%, from 32% to 34%.

Adjusted EPS is now expected at $5.36 to $5.39, up from the $5.00 to $5.10 range given on July 31. Reported EPS is now expected at $4.54 to $4.57, from $4.29 to $4.39.

For the fourth quarter, the company expects reported sales growth of 45% to 48% and adjusted EPS of $1.30 to $1.33.

Costs and cash flow

Restructuring and other charges were $3.1 million in the quarter. Acquisition transaction and integration costs were $10.1 million, and intangible amortization was $36.3 million.

The results cover continuing operations. The company previously agreed to sell its Thermal Management business, which it now reports as discontinued operations.

Revenue has risen in each of the last three quarters, from $1.05 billion in the third quarter of 2025 to $1.47 billion in the second quarter of 2026, according to its SEC filings.

The regular dividend of $0.21 per share is payable Nov. 6, 2026, as previously announced. The company will discuss the quarter on a conference call at 9:00 a.m. ET on Oct. 30.