Shares of nVent Electric NVT were flat in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share fell 34.09% over the past year to $0.29, which beat the estimate of $0.24.
Revenue of $447,200,000 decreased by 17.11% from the same period last year, which beat the estimate of $436,160,000.
Outlook
Q3 revenue expected to be between $464,634,000 and $520,614,000.
Conference Call Details
Date: Jul 31, 2020
Time: 08:00 AM
Recent Stock Performance
52-week high: $28.75
52-week low: $10.54
Price action over last quarter: down 1.07%
Company Description
nVent Electric PLC is a provider of electrical connection and protection solutions. The company segments include Enclosures, Thermal Management, and Electrical and Fastening Solutions. It generates maximum revenue from the Enclosures segment. The Enclosures segment provides inventive solutions that protect, connect and manage heat in critical electronics, communication, control, and power equipment. Geographically, it derives a majority of revenue from the U.S. and Canada. The company serves the Commercial and Residential, Energy, Industrial Solutions, and Infrastructure industries. Its products include Cabinets and Electronic Packaging, Electrical Fasteners, Hangers and Support, Concrete Reinforcing Steel Connections, Data Center and Networking Systems and others.
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