← nVent Electric plc
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | $2.1b |
$2.2b
+5.52%
|
$2.2b
-0.43%
|
$2.0b
-9.32%
|
$2.5b
+23.19%
|
$2.9b
+18.16%
|
$3.3b
+12.19%
|
$3.0b
-7.89%
|
$3.9b
+29.51%
|
$4.8b
+24.17%
|
|
| Cost of goods sold(1) | $1.3b |
$1.3b
+6.49%
|
$1.3b
+0.05%
|
$1.2b
-6.65%
|
$1.5b
+21.69%
|
$1.8b
+19.22%
|
$1.9b
+6.03%
|
$1.8b
-6.48%
|
$2.4b
+34.89%
|
$3.0b
+25.69%
|
|
| Gross profit | $841.9m |
$876.1m
+4.06%
|
$865.8m
-1.18%
|
$749.4m
-13.44%
|
$941.9m
+25.69%
|
$1.1b
+16.43%
|
$1.3b
+22.38%
|
$1.2b
-9.91%
|
$1.5b
+21.50%
|
$1.8b
+21.65%
|
|
| Research and development | $42.5m | $45.6m | $48.2m | $43.5m | $48.6m | $60.4m | $71.5m | $66.1m | $78.5m | $89.1m | |
| Selling, general and administrative | $483.3m | $519.7m | $484.5m | $447.0m | $537.9m | $595.9m | $683.2m | $615.9m | $773.8m | $871.6m | |
| Operating income | $316.1m |
$310.8m
-1.68%
|
$333.1m
+7.18%
|
$38.4m
-88.47%
|
$355.4m
+825.52%
|
$440.4m
+23.92%
|
$587.4m
+33.38%
|
$527.1m
-10.27%
|
$616.8m
+17.02%
|
$826.5m
+34.00%
|
|
| Net interest expense | $200k | $31.2m | $44.7m | $36.4m | $32.3m | $31.2m | $79.4m | $106.0m | $75.0m | — | |
| Gain on sale of investment | — | — | — | — | $0 | $0 | ($10.3m) | $0 | $0 | — | |
| Changes in cumulative translation adjustment (2025 includes $92.7 million reclassified to gain on sale included in Income from discontinued operations, net of tax) | $2.4m | ($48.2m) | $4.8m | ($3.7m) | $4.4m | ($18.6m) | $10.5m | ($43.6m) | $126.9m | — | |
| Other expense (income) | $2.6m | $10.9m | $31.0m | $11.5m | ($12.8m) | ($63.4m) | $18.8m | ($8.1m) | ($8.2m) | — | |
| Income before income taxes | $313.3m | $268.7m | $257.4m | ($9.5m) | $320.7m | $472.6m | $499.5m | $429.2m | $550.0m | $759.4m | |
| Provision (benefit) for income taxes | ($48.4m) | $37.9m | $34.7m | $37.7m | $47.8m | $72.8m | ($67.6m) | $188.4m | $121.5m | — | |
| Net income from continuing operations | — | — | — | — | — | $293.1m | $459.7m | $240.8m | $428.5m | — | |
| Net income | $361.7m |
$230.8m
-36.19%
|
$222.7m
-3.51%
|
($47.2m)
-121.19%
|
$272.9m
+678.18%
|
$399.8m
+46.50%
|
$567.1m
+41.85%
|
$331.8m
-41.49%
|
$710.2m
+114.04%
|
$598.3m
-15.76%
|
|
| Diluted | |||||||||||
| Discontinued operations (in dollars per share) | $2.00 | $1.28 | $1.29 | ($0.28) | $1.61 | $0.64 | $0.64 | $0.54 | $1.71 | — | |
| Continuing operations (in dollars per share) | — | — | — | — | — | $1.74 | $2.73 | $1.43 | $2.60 | — | |
| Income from discontinued operations, net of tax | — | — | — | — | — | $106.7m | $107.4m | $91.0m | $281.7m | — | |
| Changes in market value of derivative financial instruments, net of tax | $1.1m | ($2.5m) | $4.4m | $7.1m | $7.6m | $2.2m | ($14.9m) | $3.2m | ($13.7m) | — | |
| Comprehensive income attributable to nVent | $365.2m | $180.1m | $231.9m | ($43.8m) | $284.9m | $383.4m | $562.7m | $291.4m | $823.4m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.