nVent Electric (NVT) Tops Q3 EPS by 1c, Revenues Beat; Narrows FY19 EPS Outlook

nVent Electric (NYSE: NVT) reported Q3 EPS of $0.46, $0.01 better than the analyst estimate of $0.45. Revenue for the quarter came in at $564 million versus the consensus estimate of $555.41 million.

• Reported sales of $564 million were up 4%; Organic sales up 5%
• Reported EPS of $0.38; Adjusted EPS of $0.46
• Reported return on sales of 16.6% or 20.4% on an adjusted basis

"nVent posted strong sales in the third quarter growing 4 percent as reported or over 5 percent organically, which was above the high end of guidance. We are executing on the One nVent strategy to deliver growth as demonstrated in the third quarter," said Beth Wozniak, nVent\'s Chief Executive Officer. "Reported EPS of $0.38 and adjusted EPS of $0.46 were in line with our prior guidance and we feel confident in our ability to deliver on our 2018 commitments."

GUIDANCE:

nVent Electric sees FY2018 EPS of $1.73-$1.77, versus the consensus of $1.75.

For earnings history and earnings-related data on nVent Electric (NVT) click here.

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