nVent Electric PLC (NVT), a provider of electrical connection and protection solutions, on Friday revised up its annual outlook, citing its robust third-quarter earnings performance and significant momentum in its data centers.
For the full year, the company now expects net income per share of $2.57 to $2.59, higher than the earlier guidance of $2.48 to $2.56 per share. Excluding items, earnings are now anticipated to be in the range of $3.31 to $3.33 per share against the earlier outlook of $3.22 to $3.30 per share.
On average, 12-analysts polled, forecast the firm to earn $3.30 per share for the full year. Analysts' estimates typically exclude special items.
For the full year, nVent Electric now projects reported sales growth of 27% to 28% versus the prior guidance of 24% to 26%. This new guidance range now represents 10% to 11% organic sales growth against the prior outlook of 8% to 10%.
For the fourth quarter, nVent Electric projects net income per share of $0.67 to $0.69 and adjusted income per share of $0.87 to $0.89, in line with analysts' forecast of $0.88 per share.
For the fourth quarter, the company expects reported sales growth of 31% to 33% and organic sales growth of 15% to 17%.
NVT was up by 9.12% at $113.90 in the pre-market trade on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.