NVT (NVT) Reports Q2 Revenue Exceeds Expectations, Sets Record for Backlog Growth

nVent reported Q2 revenue of $963 million, surpassing analyst expectations and demonstrating strong operational momentum with 20% organic order growth and a quadrupled backlog. The company's diverse end markets and improving return metrics reflect resilience across economic cycles. nVent's shares trade near their 52-week high, reflecting positive market sentiment.

nVent Electric (NVT) reported robust financial results for the second quarter of 2025, showcasing a significant increase in revenue and earnings that exceeded analyst expectations. The company's Q2 revenue of $963 million marked a 30% year-over-year growth, surpassing the consensus estimate of $906.93 million [1]. This strong performance was driven by a 20% organic order growth and a quadrupled backlog, indicating resilience across economic cycles.

The company's earnings per diluted share (EPS) from continuing operations increased by 18% to $0.65, with adjusted EPS rising by 28% to $0.86 [2]. Operating income grew by 8% to $157 million, and cash flows from continuing operations stood at $91 million, with free cash flow reaching $74 million [2].

nVent's diverse end markets, including power utilities, data centers, and renewables, contributed to its strong performance. The company's acquisitions, such as Trachte and the Electrical Products Group, have enhanced its position in high-growth infrastructure verticals [2].

Management expressed confidence in the company's accelerating growth in data centers and power utilities, prompting an updated full-year sales growth guidance of 24-26% and EPS guidance of $2.48-$2.56 on a GAAP basis and $3.22-$3.30 on an adjusted basis [2]. The company also announced a regular cash dividend of $0.20 per share, payable on August 1, 2025.

nVent's shares have returned +4.7% over the past month, trading near their 52-week high, reflecting positive market sentiment [1]. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term [1].

For the third quarter of 2025, nVent estimates reported sales growth of 27-29% and organic sales growth of 11-13%. The company projects third quarter EPS of $0.67-$0.69 on a GAAP basis and adjusted EPS of $0.86-$0.88 [2].

References:
[1] https://finance.yahoo.com/news/heres-key-metrics-tell-us-133006414.html
[2] https://www.tradingview.com/news/tradingview:bdcfb7df9f858:0-nvent-electric-plc-q2-2025-financial-results/