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- **Revenue & EPS Beat**: Q3 sales $1.054B (+35% YoY), adjusted EPS $0.91 (+44% YoY), both above guidance. Full year EPS raised to $3.31-3.33.
- **Data Center Dominance**: Organic orders +65% driven by AI data centers, liquid cooling backlog doubles with new MN facility.
- **Growth Investments**: $253M free cash flow, $351M returned to shareholders, capacity expansions for data center and utility growth.
- **Margin Resilience**: Offset $45M inflation with pricing, Q4 margins expected to improve sequentially.

**【Management Opening Remarks】**
- Tony Riter highlighted the company's record third-quarter performance, including $1.054 billion in sales and $0.91 adjusted EPS, both exceeding guidance. He emphasized the focus on capital allocation for growth and innovation.

**【CEO Commentary】**
- **Record Performance**: Q3 sales of $1.054 billion (+35% YoY, 16% organic) and adjusted EPS of $0.91, up 44% YoY. Backlog grew double digits sequentially.
- **Data Center Growth**: Organic orders up 65% driven by AI data center buildouts, with record liquid cooling orders. New products contributed 5+ points to sales growth (66 launched YTD).
- **Vertical Growth**: Infrastructure (+40% organic), Industrial (low single digits), and Commercial/Resi (flat). Americas (+high teens), Europe (+10%), Asia Pacific (-low single digits).
- **Guidance Update**: Full year sales growth raised to 27-28% (vs. prior 20-22%), adjusted EPS to $3.31-3.33 (+33-34% YoY). Q4 sales growth 31-33%, EPS $0.87-0.89.

**【CFO Financial Commentary】**
- **Financial Highlights**: Q3 free cash flow $253 million (+77% YoY). Segment income $213 million (+27% YoY). Systems Protection sales $716 million (+50% YoY), Electrical Connections $338 million (+11% YoY).
- **Margin Management**: Offset $45 million inflation with pricing and productivity. Q4 expects margin improvement as investments scale.
- **Balance Sheet**: $127 million cash, $570 million revolver availability. Share buybacks and dividends returned $351 million YTD.

**【Q&A Highlights】**
- **Data Center Pipeline**: Orders visible through 2026, with hyperscaler and colo expansion. Modular solutions target broader customers (e.g., enterprise, government).
- **Liquid Cooling Leadership**: 1 GW+ deployed, new MN facility doubles capacity. Named NVIDIA partner for AI facilities.
- **Utility Growth**: Electrical & Fastening Solutions orders strong, driven by power utility infrastructure.
- **Margin Outlook**: Q4 margins up sequentially, 2026+ expects incremental margin expansion.
- **Risks**: Tariffs ($90M annual impact), supply chain constraints, macroeconomic uncertainty.

nVent Electric plc (NVT) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

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Cost of Financing Services

Other Cost

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Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

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Net Income

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NVT

NVT fundamentals

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