OverviewSuggest Edit

nVent is a company that designs, manufactures, markets, installs, and services electrical connection and protection solutions. It operates through three segments: Enclosures, Thermal Management, and Electrical and Fastening Solutions. The Enclosures segment provides enclosure solutions that connect and protect critical electronics, communication, control, and power equipment under HOFFMAN and SCHROFF brands. The Thermal Management segment provides electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes, and people, as well as industrial heat-tracing and wiring, control and monitoring, sensing, engineering, and construction services under RAYCHEM and TRACER brands. The Electrical and Fastening Solutions segment offers fastening solutions with spring steel and specialty metal fixings and reinforced steel connections, as well as bonding, grounding, lightning protection, and low voltage power distribution products and solutions under CADDY brand.
TypePublic
Founded2018
HQBrentford, GB
Websitenvent.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2020)8,800(-7%)
Job Openings335
Revenue (FY, 2020)$2 B(-9%)
Share Price (Nov 2021)$37
Cybersecurity ratingBMore
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Key People/Management at nVent

Beth Wozniak

Beth Wozniak

Chief Executive Officer
Lynnette Heath

Lynnette Heath

Executive Vice President and Chief Human Resources Officer
Aravind Padmanabhan

Aravind Padmanabhan

Executive Vice President and Chief Technology Officer
Jon Lammers

Jon Lammers

Executive Vice President, General Counsel and Secretary
Betty Noonan

Betty Noonan

Executive Vice President and Chief Growth Officer
Sara Zawoyski

Sara Zawoyski

Executive Vice President and Chief Financial Officer
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nVent Office Locations

nVent has offices in Brentford, London, Minneapolis, Solon and in 14 other locations
Brentford, GB (HQ)
8th Floor, the mille, 1000 Great West Rd
London, GB
5, Salisbury House, 744-450 London Wall
Auburn, AU
323 Parramatta Rd
São Paulo, BR
Rua Cenno Sbrighi, 45 - 02, 4º andar - Barra Funda
Las Condes, CL
Alcántara 200, piso 6 of. 17
Shanghai, CN
21/F, Innovation Center No.1009 Yishan Road
Show all (19)

nVent Financials and Metrics

nVent Revenue

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View revenue for all periods
nVent's revenue was reported to be $2 b in FY, 2020 which is a 9.3% decrease from the previous period.
USD

Revenue (Q1, 2021)

548.9m

Gross profit (Q1, 2021)

209.0m

Gross profit margin (Q1, 2021), %

38.1%

Net income (Q1, 2021)

65.4m

EBIT (Q1, 2021)

80.4m

Market capitalization (12-Nov-2021)

6.2b

Closing stock price (12-Nov-2021)

37.1

Cash (31-Mar-2021)

104.9m

EV

7.1b
nVent's current market capitalization is $6.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

2.2b2.2b2.0b

Revenue growth, %

6%0%(9%)

Cost of goods sold

1.3b1.3b1.2b

Gross profit

876.1m865.8m749.4m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

538.0m539.5m559.8m520.9m447.2m509.3m548.9m

Cost of goods sold

328.1m327.3m335.7m325.6m286.9m312.5m339.9m

Gross profit

209.9m212.2m224.1m195.3m160.3m196.8m209.0m

Gross profit Margin, %

39%39%40%37%36%39%38%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

159.0m106.4m122.5m

Accounts Receivable

340.9m334.3m313.8m

Prepaid Expenses

31.7m32.5m29.8m

Inventories

228.2m244.7m235.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

32.6m25.3m49.5m187.9m235.0m159.8m104.9m

Accounts Receivable

342.7m349.6m375.0m333.1m300.2m327.4m351.7m

Prepaid Expenses

37.5m36.4m39.0m37.0m32.3m33.8m45.5m

Inventories

244.4m248.3m25.9m249.0m247.5m238.9m237.9m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

230.8m222.7m(47.2m)

Depreciation and Amortization

97.1m96.8m102.6m

Inventories

(12.0m)900.0k18.3m

Accounts Payable

13.4m(7.9m)(18.6m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

56.4m117.3m177.2m18.6m44.4m(94.3m)65.4m

Depreciation and Amortization

23.5m47.4m71.7m25.6m51.0m28.8m25.6m

Inventories

(16.8m)(19.7m)(18.4m)(6.1m)(2.9m)9.3m(6.2m)

Accounts Payable

(40.8m)(44.0m)(53.6m)(33.3m)(49.3m)(46.1m)10.1m
USDFY, 2018

Revenue/Employee

246.0k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.7 x
Show all financial metrics

nVent Operating Metrics

nVent's Backlog was reported to be $299.8m in FY, 2019.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Remaining Performance Obligations (One Year or More)

$77.4 m$58.2 m$54.6 m$60 m$58.7 m$63.8 m$92 m$79 m$82.3 m$98.5 m$82.7 m

Backlog

$280.4 m$279.7 m$299.8 m

Backlog (Enclosures)

$132.4 m$138.6 m$114.3 m

Backlog (Thermal Management)

$123.4 m$118.6 m$156.7 m
Show all operating metrics

nVent Acquisitions / Subsidiaries

Company NameDateDeal Size
WBTFebruary 10, 2020$29.9 m
Eldon HoldingJuly 29, 2019$130 m
Alberta Electronic Company Limited
Eldon AB
Eldon AS
Eldon Austria GmbH
Eldon CS Enclosures Pvt Limited
Eldon Electric Limited
Eldon Espana, S.A.U.
Eldon GmbH
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nVent Revenue Breakdown

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nVent revenue breakdown by business segment: 28.5% from Electrical and Fastening Solutions, 23.8% from Thermal Management and 47.7% from Enclosures

nVent revenue breakdown by geographic segment: 64.8% from U.S. and Canada, 9.5% from Developing, 23.6% from Developed Europe and 2.1% from Other

nVent Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

nVent Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

nVent Online and Social Media Presence

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nVent News and Updates

Sensing Cable Market to Gain Advantage from the Launch of Energy-Efficient Modular Panel System by nVent Electric Plc: Says Fortune Business Insights™

Leading companies in the sensing cable market are Cable USA, LLC, Corning Incorporated, NKT Photonics A/S, PCB Piezotronics, Inc., nVent, among others Leading companies in the sensing cable market are Cable USA, LLC, Corning Incorporated, NKT Photonics A/S, PCB Piezotronics, Inc., nVent, among other…

nVent Adds BMS Connectivity to Next Generation nVent RAYCHEM Elexant 450c Heat Tracing Controller

nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the addition of a Modbus communication protocol to its advanced, energy-efficient commercial heat-tracing controller, the nVent RAYCHEM Elexant 450c. Launched in late 2019, the…

nVent Electric plc to Participate in Upcoming Investor Events

nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced its participation in the following investor events

nVent Announces Share Repurchase Authorization

nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that its Board of Directors has approved a three-year share repurchase program pursuant to which the Company may repurchase up to $300 million of nVent shares. The program begi…

nVent Announces Quarterly Cash Dividend

nVent Electric plc (NYSE: NVT) announced today that it will pay a regular quarterly cash dividend of $0.175 per ordinary share on August 6, 2021, to shareholders of record at the close of business on July 23, 2021

nVent Receives Highest Honor at Fifth Annual Dow Safety Excellence Awards

nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the nVent Thermal Management Houston team earned the Dow Diamond Award—the highest possible honor—at the fifth Annual Dow Safety Excellence Awards ceremony. Additionally, nVent…
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nVent Frequently Asked Questions

  • When was nVent founded?

    nVent was founded in 2018.

  • Who are nVent key executives?

    nVent's key executives are Beth Wozniak, Lynnette Heath and Aravind Padmanabhan.

  • How many employees does nVent have?

    nVent has 8,800 employees.

  • What is nVent revenue?

    Latest nVent annual revenue is $2 b.

  • What is nVent revenue per employee?

    Latest nVent revenue per employee is $227.1 k.

  • Who are nVent competitors?

    Competitors of nVent include Emerson, Schneider Electric and Pentair.

  • Where is nVent headquarters?

    nVent headquarters is located at 8th Floor, the mille, 1000 Great West Rd, Brentford.

  • Where are nVent offices?

    nVent has offices in Brentford, London, Minneapolis, Solon and in 14 other locations.

  • How many offices does nVent have?

    nVent has 19 offices.