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Add as a preferred source on GooglenVent Electric plc Raises 2026 Outlook After Q3 Earnings Beat
Third-quarter revenue climbed 44% to $1.5 billion, and non-GAAP earnings reached $1.52 per share.
nVent Electric plc lifted its 2026 sales and earnings targets after third-quarter revenue rose 44% year over year to $1.5 billion and non-GAAP earnings reached $1.52 per share.
The quarterly EPS result exceeded estimates by 12 cents, while revenue was $70 million higher than expected.
The company now expects reported sales to grow 48% to 49% for the full year. Its forecast for organic sales growth is 38% to 39%.
The updated reported EPS range is $4.54 to $4.57. Adjusted EPS is projected at $5.36 to $5.39, above the $5.17 consensus estimate.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.