nVent Raises Full-Year Sales Outlook After Third-Quarter Records

The Tip Desk · October 30, 2026 · 2 min read

Third-quarter sales reached $1.5 billion, up 44%, as the company lifted full-year 2026 reported sales growth to 48% to 49%.

nVent Electric plc (NVT), a global provider of electrical connection and protection solutions, reported third-quarter 2026 sales of $1.5 billion, up 44% from a year earlier, and raised its full-year 2026 sales and earnings outlook after another record quarter.

Organic sales, which exclude acquisitions and currency, also rose 44%. Reported diluted earnings were $1.23 a share, up 68%, and adjusted diluted earnings were $1.52 a share, up 67%.

Chair and chief executive officer Beth Wozniak said the company had record sales and orders, with double-digit sales growth in all verticals, led by infrastructure. New products contributed approximately 30 points to sales growth.

Reported sales growth had been 53% in both the first and second quarters of 2026. Organic growth had been 34% in the first quarter and 47% in the second. Diluted EPS growth had been 65% in the first quarter and 103% in the second.

Operating income was $282 million, up 70% from $166 million in the third quarter of 2025. Adjusted operating income was $335 million, up 57%. Reported return on sales was 18.6%, compared with 15.8% a year earlier. Adjusted return on sales was 22.1%.

Systems Protection, the larger of the two reportable segments, posted net sales of $1.098 billion, up 53%, with organic growth of 54% and return on sales of 23.1%. Segment income was $253.1 million.

Electrical Connections net sales were $417 million, up 23%, with organic growth of 23% and return on sales of 28.2%. Segment income was $117.6 million.

Cash provided by operating activities was $303 million in the third quarter, compared with $272 million a year earlier. Free cash flow was $268 million.

The company now estimates full-year 2026 reported sales growth of 48% to 49%, versus prior guidance of 37% to 39% given after the second quarter. Organic sales growth is now estimated at 38% to 39%, versus prior guidance of 32% to 34%. Full-year GAAP EPS is now expected at $4.54 to $4.57, versus prior guidance of $4.29 to $4.39, and adjusted EPS at $5.36 to $5.39, versus $5.00 to $5.10.

For the fourth quarter of 2026, the company estimates reported sales growth of 45% to 48% and organic sales growth of 26% to 29%. Fourth-quarter GAAP EPS is estimated at $1.13 to $1.16 and adjusted EPS at $1.30 to $1.33.

Wozniak said the company closed the Maverick Power acquisition on October 1, adding a power distribution platform that broadens data-center exposure. The board had previously approved a regular cash dividend of $0.21 a share, payable November 6.