nVent Electric PLC (N:NVT)
Business Focus: Electrical Components & Equipment
| Sector: Industrials | Industry: Electrical Components & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 8th Fl, (East), 1000 Great West Road LONDON MN W6 9TQ |
| Tel: | N/A |
| Website: | https://investors.nvent.com/investor-relations/default.aspx |
| IR: | See website |
| Key People | ||
| Beth A. Wozniak Chairman of the Board, Chief Executive Officer | Sara E. Zawoyski Chief Financial Officer, Executive Vice President | Michael B. Faulconer President of Thermal Management |
| Joseph A. Ruzynski President of Enclosures | Robert J. Van Der Kolk President of Electrical and Fastening Solutions | Lynnette R. Heath Chief Human Resources Officer, Executive Vice President |
| Aravind Padmanabhan Executive Vice President, Chief Technology Officer | Jon D. Lammers Executive Vice President, General Counsel, Secretary | Randolph A. Wacker Senior Vice President, Chief Accounting Officer, Treasurer |
| Business Overview |
| nVent Electric plc is a global provider of electrical connection and protection solutions. The Company designs, manufactures, markets, installs and services products and solutions. It operates in three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control and power equipment. Its cooling, power distribution and enclosures solutions manage power and create protected operating environments for applications. The Electrical & Fastening Solutions segment provides fastening solutions that connect and protect electrical and mechanical systems and civil structures. The Thermal Management segment provides electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes and people. It has a portfolio of brands, including nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, TRACER, ILSCO, Gardner Bender, and King Innovation. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, nVent Electric PLC revenues increased 12% to $3.26B. Net income increased 42% to $567.1M. Revenues reflect Electrical & Fastening Solutions segment increase of 34% to $1.06B, Enclosures segment increase of 7% to $1.61B, North America segment increase of 17% to $2.38B, EMEA segment increase of 3% to $677.8M. |
| Employees: | 11,300 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $13,830M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,264M as of Dec 31, 2023 |
| EBITDA (TTM): | $754.60M as of Dec 31, 2023 |
| Net annual income (TTM): | $567.10M as of Dec 31, 2023 |
| Free cash flow (TTM): | $340.30M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,596M as of Dec 31, 2023 |
| Shares outstanding: | 165,100,000 as of Dec 31, 2023 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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