Benzinga | Aug 3, 2021 06:50AM EDT

nVent Raises FY21 Adj. EPS Guidance From $1.67-$1.75 To $1.84-$1.90 vs $1.75 Est.; Sees Q3 Adj. EPS $0.45-$0.48 vs $0.46 Est.

The company now estimates reported sales growth for full-year 2021 of up 15% to 18% versus prior guidance of up 8% to 11%. This new guidance range represents 10% to 13% organic sales growth versus prior guidance of 5% to 8% growth. Reported sales guidance includes approximately two points of benefit from acquisitions. The company now expects full-year 2021 EPS of $1.51 to $1.57 on a GAAP basis and adjusted EPS of $1.84 to $1.90, versus prior guidance of $1.39 to $1.47 on a GAAP basis and adjusted EPS of $1.67 to $1.75. The company estimates reported sales for the third quarter of 2021 to be up 16% to 20%, which represents an increase of 10% to 13% on an organic basis. Reported sales guidance includes approximately four points of benefit from acquisitions. The company estimates third quarter 2021 EPS on a GAAP basis of $0.36 to $0.39 and adjusted EPS of $0.45 to $0.48.