nVent Electric plc
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 1, 2025
NVT$112.48-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income and Comprehensive Income
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)
| Three months ended | Six months ended | |||
|---|---|---|---|---|
| In millions, except per share data | June 30,2025 | June 30,2024 | June 30,2025 | June 30,2024 |
| Net sales | $963.1 | $739.8 | $1,772.4 | $1,471.9 |
| Cost of goods sold | 591.3 | 432.2 | 1,086.9 | 873.4 |
| Gross profit | 371.8 | 307.6 | 685.5 | 598.5 |
| Selling, general and administrative | 196.0 | 146.2 | 362.2 | 288.9 |
| Research and development | 19.1 | 16.5 | 36.6 | 32.8 |
| Operating income | 156.7 | 144.9 | 286.7 | 276.8 |
| Net interest expense | 17.6 | 24.0 | 35.0 | 46.2 |
| Other expense | 1.1 | 0.9 | 2.2 | 2.1 |
| Income from continuing operations before income taxes | 138.0 | 120.0 | 249.5 | 228.5 |
| Provision for income taxes | 31.3 | 26.8 | 55.8 | 50.1 |
| Net income from continuing operations | 106.7 | 93.2 | 193.7 | 178.4 |
| Income from discontinued operations, net of tax (Note 6) | 2.8 | 17.8 | 276.5 | 37.7 |
| Net income | $109.5 | $111.0 | $470.2 | $216.1 |
| Comprehensive income, net of tax | ||||
| Net income | $109.5 | $111.0 | $470.2 | $216.1 |
| Changes in cumulative translation adjustment (six months ended June 30, 2025 includes $92.7 million reclassified to gain on sale included in Income from Discontinued operations, net of tax) | 22.6 | (11.4) | 125.6 | (23.4) |
| Changes in market value of derivative financial instruments, net of tax | (12.2) | 1.9 | (15.7) | 5.3 |
| Comprehensive income | $119.9 | $101.5 | $580.1 | $198.0 |
| Earnings per ordinary share | ||||
| Basic | ||||
| Continuing operations | $0.66 | $0.56 | $1.19 | $1.07 |
| Discontinued operations | 0.02 | 0.11 | 1.69 | 0.23 |
| Basic earnings per ordinary share | $0.68 | $0.67 | $2.88 | $1.30 |
| Diluted | ||||
| Continuing operations | $0.65 | $0.55 | $1.17 | $1.06 |
| Discontinued operations | 0.02 | 0.11 | 1.67 | 0.22 |
| Diluted earnings per ordinary share | $0.67 | $0.66 | $2.84 | $1.28 |
| Weighted average ordinary shares outstanding | ||||
| Basic | 161.7 | 166.1 | 163.4 | 165.8 |
| Diluted | 163.6 | 168.9 | 165.4 | 168.7 |
| Cash dividends paid per ordinary share | $0.20 | $0.19 | $0.40 | $0.38 |
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