nVent Electric Reports Q2 Beat, Raises 2022 Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/NVT'>nVent Electric plc (NYSE:NVT)</a> reported its Q2 results, with EPS of $0.57 coming in better than the Street estimate of $0.54. Revenue was $728 million, compared to the Street estimate of $687.72 million.</p>
<p>The revenue upside was tempered by ongoing supply chain challenges that weighed on margins and free cash flow conversion. Organic sales surprised meaningfully to the upside, growing 21% in the quarter, compared to the company’s guidance for 12%-14%, and all segments grew above 15%.</p>
<p>The company provided its full 2022-year guidance, expecting EPS to be in the range of $2.17-$2.23, compared to the Street estimate of $2.20.</p>

NYSE:NVT