nVent Electric plc
For the period ended Mar 31, 2024. Filed May 3, 2024.
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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.
Mar 31, 2024 · Filed May 3, 2024
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 | ||
|---|---|---|
| In millions, except per share data | March 31,2024 | March 31,2023 |
| Net sales | $874.6 | $740.6 |
| Cost of goods sold | 519.1 | 437.4 |
| Gross profit | 355.5 | 303.2 |
| Selling, general and administrative | 175.5 | 162.4 |
| Research and development | 20.8 | 16.7 |
| Operating income | 159.2 | 124.1 |
| Net interest expense | 22.2 | 7.8 |
| Other expense | 1.2 | 1.2 |
| Income before income taxes | 135.8 | 115.1 |
| Provision for income taxes | 30.7 | 21.3 |
| Net income | $105.1 | $93.8 |
| Comprehensive income, net of tax | ||
| Net income | $105.1 | $93.8 |
| Changes in cumulative translation adjustment | (12.0) | 4.2 |
| Changes in market value of derivative financial instruments, net of tax | 3.4 | (0.6) |
| Comprehensive income | $96.5 | $97.4 |
| Earnings per ordinary share | ||
| Basic | $0.64 | $0.57 |
| Diluted | $0.62 | $0.56 |
| Weighted average ordinary shares outstanding | ||
| Basic | 165.5 | 165.3 |
| Diluted | 168.5 | 168.0 |
| Cash dividends paid per ordinary share | $0.19 | $0.175 |
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