Benzinga | Jul 31, 2020 07:45AM EDT

nVent Electric: Q2 Earnings Insights

Shares of nVent Electric (NYSE:NVT) were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 34.09% over the past year to $0.29, which beat the estimate of $0.24.

Revenue of $447,200,000 decreased by 17.11% from the same period last year, which beat the estimate of $436,160,000.

Outlook

Q3 revenue expected to be between $464,634,000 and $520,614,000.

Conference Call Details

Date: Jul 31, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.nvent.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2402889&sessionid=1&key=925F201EDF702E3D8F8B7BD031E9A3FC&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $28.75

52-week low: $10.54

Price action over last quarter: down 1.07%

Company Description

nVent Electric PLC is a provider of electrical connection and protection solutions. The company segments include Enclosures, Thermal Management, and Electrical and Fastening Solutions. It generates maximum revenue from the Enclosures segment. The Enclosures segment provides inventive solutions that protect, connect and manage heat in critical electronics, communication, control, and power equipment. Geographically, it derives a majority of revenue from the U.S. and Canada. The company serves the Commercial and Residential, Energy, Industrial Solutions, and Infrastructure industries. Its products include Cabinets and Electronic Packaging, Electrical Fasteners, Hangers and Support, Concrete Reinforcing Steel Connections, Data Center and Networking Systems and others.