nVent Electric plc
For the period ended Mar 31, 2025. Filed May 2, 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.
Mar 31, 2025 · Filed May 2, 2025
NVT$114.44+7.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| In millions, except per share data | ||
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $1,343.0 | $131.2 |
| Accounts and notes receivable, net of allowances of $17.2 and $14.3, respectively | 548.6 | 473.1 |
| Inventories | 374.2 | 360.3 |
| Other current assets | 116.6 | 123.9 |
| Current assets held for sale | — | 300.8 |
| Total current assets | 2,382.4 | 1,389.3 |
| Property, plant and equipment, net | 348.1 | 347.9 |
| Other assets | ||
| Goodwill | 2,228.0 | 2,221.8 |
| Intangibles, net | 1,557.7 | 1,587.0 |
| Other non-current assets | 210.1 | 213.6 |
| Non-current assets held for sale | — | 975.3 |
| Total other assets | 3,995.8 | 4,997.7 |
| Total assets | $6,726.3 | $6,734.9 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Current maturities of long-term debt and short-term borrowings | $15.0 | $37.5 |
| Accounts payable | 282.3 | 280.1 |
| Employee compensation and benefits | 81.7 | 95.0 |
| Other current liabilities | 452.3 | 266.5 |
| Current liabilities held for sale | — | 122.5 |
| Total current liabilities | 831.3 | 801.6 |
| Other liabilities | ||
| Long-term debt | 1,748.1 | 2,117.5 |
| Pension and other post-retirement compensation and benefits | 136.4 | 131.7 |
| Deferred tax liabilities | 234.7 | 242.7 |
| Other non-current liabilities | 159.7 | 157.9 |
| Non-current liabilities held for sale | — | 45.9 |
| Total liabilities | 3,110.2 | 3,497.3 |
| Equity | ||
| Ordinary shares $0.01 par value, 400.0 million authorized, 164.6 million and 165.0 million issued at March 31, 2025 and December 31, 2024, respectively | 1.6 | 1.7 |
| Additional paid-in capital | 2,223.4 | 2,271.7 |
| Retained earnings | 1,436.0 | 1,108.6 |
| Accumulated other comprehensive loss | (44.9) | (144.4) |
| Total equity | 3,616.1 | 3,237.6 |
| Total liabilities and equity | $6,726.3 | $6,734.9 |
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