nVent Electric plc Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Financial Highlights (vs. Q2 2025)
  • Sales: $1.471 billion, +53% reported, +47% organic (well above guidance; fourth consecutive quarter above $1B, including first $1B+ quarter for Systems Protection).
  • Adjusted Operating Income: $323 million, +61% YoY; return on sales 21.9% (+110 bps).
  • Adjusted EPS: $1.45, +69% YoY (record; beat high end of guidance).
  • Free Cash Flow: $167 million, +125% YoY.
  • Backlog: $2.5 billion (healthy visibility into 2027); organic orders + low-double digits, broad-based.
Vertical & Geographic Performance (Organic Sales Growth)
  • Infrastructure: More than doubled (led by data centers; Power Utilities + double digits). Now ~60% of total sales (up from 12% at spin, 45% last year).
  • Commercial/Resi: + high-single digits.
  • Industrial: + low-single digits.
  • Geography: Americas + very strong double digits; Europe + mid-single digits; Asia Pacific + double digits.
  • New products contributed >30 points to growth; 14 new products launched. EPG acquisition grew strong double digits.
Updated Full-Year 2026 Guidance (Raised Significantly)
  • Reported sales growth: 37-39% (prior 26-28%).
  • Organic sales growth: 32-34% (prior 21-23%).

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Operator: Good day, and welcome to the nVent Electric Second Quarter 26 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, To withdraw your question, please press star then 2. Please note this event is being recorded. I would now like to turn the conference over to Tony Riter, Vice President of Investor Relations. Please go ahead. Tony Riter: Thank you. And welcome to nVent's second quarter 26 earnings call. On the call with me are Beth A. Wozniak, our Chair and Chief executive officer and Gary Corona, our chief financial officer. Today, we will provide details on our second quarter performance, our outlook for the third quarter and an update to our full year outlook. All results referenced throughout the presentation are on a continuing operation basis. Unless otherwise stated. Before we begin, I will remind you that any statements made about the company's anticipated financial results are forward looking statements subject to future risks and uncertainties. Such as the risks outlined in today's press release and nVent's filing with Securities and Exchange Commission. Forward looking statements are made as of today, and the company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results. Today's webcast is acc

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