nVent Electric plc

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

About this filing

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, 2024 · Filed Aug 6, 2024

NVT$112.48-1.7%Stored close · as of Nov 10, 2026

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Contents

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 30,2024	June 30,2023	June 30,2024	June 30,2023
Net sales	$880.3	$803.0	$1,754.9	$1,543.6
Cost of goods sold	512.0	471.1	1,031.1	908.5
Gross profit	368.3	331.9	723.8	635.1
Selling, general and administrative	179.6	167.7	355.1	330.1
Research and development	20.9	17.5	41.7	34.2
Operating income	167.8	146.7	327.0	270.8
Net interest expense	24.0	21.7	46.2	29.5
Gain on sale of investment	—	(10.2)	—	(10.2)
Other expense	0.9	1.1	2.1	2.3
Income before income taxes	142.9	134.1	278.7	249.2
Provision for income taxes	31.9	21.2	62.6	42.5
Net income	$111.0	$112.9	$216.1	$206.7
Comprehensive income, net of tax
Net income	$111.0	$112.9	$216.1	$206.7
Changes in cumulative translation adjustment	(11.4)	(0.4)	(23.4)	3.8
Changes in market value of derivative financial instruments, net of tax	1.9	(4.3)	5.3	(4.9)
Comprehensive income	$101.5	$108.2	$198.0	$205.6
Earnings per ordinary share
Basic	$0.67	$0.68	$1.30	$1.25
Diluted	$0.66	$0.67	$1.28	$1.23
Weighted average ordinary shares outstanding
Basic	166.1	165.7	165.8	165.5
Diluted	168.9	168.0	168.7	167.9
Cash dividends paid per ordinary share	$0.19	$0.175	$0.38	$0.35

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.