What caused NVT's Q4 2024 earnings to miss forecasts?

NVT's Q4 2024 earnings missed forecasts due to several factors:

1. **Organic Sales Decline**: Despite a 9% reported sales growth, organic sales experienced a slight decline, which was more pronounced in the commercial residential segment. This softness in organic sales, particularly in the commercial residential segment, contributed to the missed forecasts.
2. **Inventory Management Issues**: Sales to key distribution partners declined more than expected due to inventory management issues. This disruption affected the company's performance, leading to the earnings miss.
3. **Tariff Impact**: The company indicated that tariffs were a modest risk to EPS estimates. This suggests that the impact of tariffs on the company's supply chain or operations could have influenced the results, although the extent of this impact is not detailed.

In summary, NVT's Q4 2024 earnings miss was likely a result of a combination of organic sales decline, inventory management issues and tariff impact.