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nVent Electric Full Year 2022 Earnings: EPS: US$2.40 (vs US$1.63 in FY 2021)

nVent Electric (NYSE:NVT) Full Year 2022 Results

Key Financial Results

  • Revenue: US$2.91b (up 18% from FY 2021).

  • Net income: US$399.8m (up 47% from FY 2021).

  • Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue.

  • EPS: US$2.40 (up from US$1.63 in FY 2021).

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earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

nVent Electric Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 7.8% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are up 9.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for nVent Electric (1 is a bit concerning!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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