nVent Electric plc (NVT)

nVent Electric Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,006	2,669	2,295	2,462	1,999
Revenue Growth (YoY)	12.63%	16.29%	-6.78%	23.19%	-9.32%
Cost of Revenue	1,797	1,576	1,472	1,520	1,249
Gross Profit	1,209	1,093	822.9	941.9	749.4
Selling, General & Admin	613.4	571.7	406.4	517.1	437.6
Research & Development	66.1	55.2	45.6	48.6	43.5
Operating Expenses	679.5	626.9	452	565.7	481.1
Operating Income	529.6	466	370.9	376.2	268.3
Interest Expense	-106	-79.4	-31.2	-32.3	-36.4
Other Non Operating Income (Expenses)	12.6	-	2.4	0.8	-3.2
EBT Excluding Unusual Items	436.2	386.6	342.1	344.7	228.7
Merger & Restructuring Charges	-7	-21.6	-5.8	-8.8	-17.7
Impairment of Goodwill	-	-	-	-	-212.3
Gain (Loss) on Sale of Investments	-	10.3	-	-	-
Asset Writedown	-	-	-	-	-8.2
Other Unusual Items	-	-	-	-15.2	-
Pretax Income	429.2	375.3	336.3	320.7	-9.5
Income Tax Expense	188.4	-84.4	43.2	47.8	37.7
Earnings From Continuing Operations	240.8	459.7	293.1	272.9	-47.2
Earnings From Discontinued Operations	91	107.4	106.7	-	-
Net Income	331.8	567.1	399.8	272.9	-47.2
Net Income to Common	331.8	567.1	399.8	272.9	-47.2
Net Income Growth	-41.49%	41.85%	46.50%	-	-
Shares Outstanding (Basic)	166	166	166	168	170
Shares Outstanding (Diluted)	168	168	168	170	170
Shares Change (YoY)	-	-0.06%	-0.83%	0.06%	-1.97%
EPS (Basic)	2.00	3.42	2.40	1.63	-0.28
EPS (Diluted)	1.97	3.37	2.37	1.61	-0.28
EPS Growth	-41.49%	41.89%	47.45%	-	-
Free Cash Flow	569.1	462.5	354.1	333.8	304
Free Cash Flow Per Share	3.38	2.75	2.10	1.97	1.79
Dividend Per Share	0.760	0.700	0.700	0.700	0.700
Dividend Growth	8.57%	-	-	-	-
Gross Margin	40.22%	40.95%	35.85%	38.26%	37.50%
Operating Margin	17.62%	17.46%	16.16%	15.28%	13.42%
Profit Margin	11.04%	21.25%	17.42%	11.08%	-2.36%
Free Cash Flow Margin	18.93%	17.33%	15.43%	13.56%	15.21%
EBITDA	675.6	579.2	457.3	484.6	370.9
EBITDA Margin	22.47%	21.70%	19.93%	19.68%	18.56%
D&A For EBITDA	146	113.2	86.4	108.4	102.6
EBIT	529.6	466	370.9	376.2	268.3
EBIT Margin	17.62%	17.46%	16.16%	15.28%	13.42%
Effective Tax Rate	43.90%	-	12.85%	14.90%	-

Updated Feb 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q