nVent Electric plc (NVT) Form 10-Q — Oct 30, 2026
nVent Electric reported Q3 2026 net sales of $1,514.9 million, up 43.7% year over year, with organic growth of 43.9% driven largely by data center and infrastructure demand. Diluted EPS from continuing operations rose to $1.23 from $0.73, and nine-month sales reached $4,228.2 million, up 49.6%. The quarter's filing also details the completed acquisition of Maverick Power for approximately $1.75 billion in cash, plus up to $550 million in performance-based earnouts through 2028. The deal was funded with roughly $1.65 billion of new debt, including $800 million of 6.150% Senior Notes due 2036, a $600 million term loan, and $250 million drawn on the revolver, lifting total debt to $2.2 billion.
Key figures
- Eps
- 1.23
- Net Income
- 202.4
- Revenue Yoy
- 43.7%
- Total Assets
- 8102.7
- Shares Outstanding
- 161598060
- Notes 2036
- $800.0 million at 6.150%
- Term loan 2026
- $600.0 million
- Maverick earnout
- up to $550 million
- New debt maverick
- ~$1.65 billion
- Organic growth q3
- 43.9%
- Q3 2025 net sales
- 1054
- Diluted eps q3 2025
- 0.73
- Operating income q3
- 282.3
- Revolver drawn oct1
- $250.0 million
- Maverick power price
- $1.75 billion
- Ninemo net sales yoy
- 49.6%
- Share repurchases 9m
- 100.2
- Dividends paid 9m per share
- 0.63
- Systems protection q3 sales
- 1098
- Ninemo diluted eps continuing
- 3.41
- Electrical connections q3 sales
- 416.9
- Operating cash flow continuing 9m
- 581.9
- Remaining performance obligations
- $2.6 billion
AI analysis
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