01—Abstract
Summary
Summary of the 8-K filed July 31, 2026. Cited figures are marked; the original filing is the authoritative source.
nVent Electric plc filed this Form 8-K under Item 2.02 (Results of Operations and Financial Condition) to furnish a July 31, 2026 press release announcing second-quarter 2026 results and a conference call.
The release reports record second-quarter sales and EPS: reported net sales of $1,471.3 milliona, up 53%, with organic sales up 47%. Reported diluted EPS was $1.32, up 103%, and adjusted EPS was $1.45, up 69%. Operating income was $300.7 million, and adjusted operating income was $322.7 million, up 61%.
Operating cash flow from continuing operations was $188.8 millionb and free cash flow was $167.3 million (non-GAAP). Management raised full-year 2026 guidance. Reported sales growth is now expected at 37% to 39% (organic 32% to 34%), versus prior guidance of 26% to 28%.
GAAP diluted EPS guidance is $4.29 to $4.39c, up from $3.68 to $3.78, and adjusted EPS guidance is $5.00 to $5.10, up from $4.45 to $4.55. For the third quarter, the company guides reported and organic sales growth of 32% to 35% and GAAP EPS of $1.18 to $1.21, with adjusted EPS of $1.35 to $1.38. The results are reported on a continuing operations basis after the company reclassified its Thermal Management business as discontinued operations under a previously announced sale agreement.
Systems Protection net sales rose 70% to $1,072.1 milliond in the quarter, while Electrical Connections rose 21% to $399.2 million. Balance sheet items include total assets of $7,146.3 million and long-term debt of $1,478.6 million at June 30, 2026. The company also noted a previously declared $0.21 quarterly dividend payable August 7, 2026.
02—Key points
Key Highlights
- Q2 2026 reported net sales of $1,471.3 million, up 53%; organic sales up 47%
- Reported diluted EPS of $1.32, up 103%; adjusted EPS of $1.45, up 69%
- Operating income of $300.7 million, up from $156.7 million; adjusted operating income of $322.7 million, up 61%
- Free cash flow of $167.3 million in Q2 versus $74.1 million a year earlier (non-GAAP)
- Full-year 2026 reported sales growth guidance raised to 37% to 39% from 26% to 28%
- Full-year adjusted EPS guidance raised to $5.00 to $5.10 from $4.45 to $4.55; GAAP EPS guidance raised to $4.29 to $4.39
- Q3 2026 guidance: sales growth of 32% to 35% and adjusted EPS of $1.35 to $1.38
03—Questions
Frequently Asked Questions
How strong was nVent's second-quarter 2026 performance?
Reported net sales were $1,471.3 million, up 53%, and organic sales grew 47%. Reported diluted EPS was $1.32, up 103%, and adjusted EPS was $1.45, up 69%. The company described these as record sales and EPS for the quarter.
What changed in full-year 2026 guidance?
Management raised reported sales growth to 37% to 39% from 26% to 28%, and organic growth to 32% to 34% from 21% to 23%. GAAP EPS guidance moved to $4.29 to $4.39 from $3.68 to $3.78, and adjusted EPS guidance moved to $5.00 to $5.10 from $4.45 to $4.55.
Which business drove the growth?
Systems Protection net sales rose 70% to $1,072.1 million, with organic growth of 62%. Electrical Connections net sales rose 21% to $399.2 million, with organic growth of 18%. The CEO attributed significant data center growth and new products, which contributed more than 30 points to sales growth, to the results.
Why are results reported on a continuing operations basis?
The company is reporting its Thermal Management business as discontinued operations because of a previously announced agreement to sell it. All prior periods have been reclassified to reflect continuing operations.
What do the non-GAAP measures exclude?
Adjusted results exclude restructuring expenses, acquisition and integration costs, intangible amortization, IEEPA tariff reimbursements, pension mark-to-market gains or losses, and the related tax effects. Free cash flow is operating cash flow from continuing operations less capital expenditures, plus proceeds from property sales.
04—Continue