nVent Electric plc reported record sales and earnings for the third quarter of 2026, driven by broad-based growth across its business segments. The company announced that reported sales for the quarter totaled $1.5 billion, representing a 44% increase compared to the same period in 2025. On an organic basis, sales also grew by 44%, excluding the impact of acquisitions and currency fluctuations.
For the quarter, nVent reported earnings per diluted share (EPS) of $1.23, an increase of 68% year-over-year. On an adjusted basis, the company reported EPS of $1.52, up 67%. Operating income for the quarter was $282 million, a 70% increase from $166 million in the prior year. Adjusted operating income was $335 million, up 57%.
The company also reported strong cash flow generation. Net cash provided by operating activities was $303 million, up 12% from the prior year, while free cash flow was $268 million, up 6%.
In terms of business segments, Systems Protection sales increased by 53% to $1.098 billion, while Electrical Connections sales increased by 23% to $417 million. Both segments saw double-digit organic sales growth.
nVent raised its full-year 2026 guidance based on these results. The company now expects reported sales growth of 48% to 49% for the full year, up from a prior range of 37% to 39%. Organic sales growth is now expected to be 38% to 39%, up from 32% to 34%. On an earnings per share basis, the company expects GAAP EPS of $4.54 to $4.57 and adjusted EPS of $5.36 to $5.39 for the full year.
For the fourth quarter of 2026, the company estimates reported sales growth of 45% to 48% and organic sales growth of 26% to 29%. It also estimates GAAP EPS of $1.13 to $1.16 and adjusted EPS of $1.30 to $1.33 for the quarter.
The company previously announced a regular cash dividend of $0.21 per share, payable on November 6, 2026.
