OverviewSuggest Edit
nVent is a company that designs, manufactures, markets, installs, and services electrical connection and protection solutions. It operates across 3 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.
| Type | Public | |
| Founded | 2018 | |
| HQ | Brentford, GB | Map |
| Website | nvent.com | |
| Employee Ratings | More |
Recent NewsAll News
- nVent Announces Third Quarter 2020 Financial Results
- nVent Unveils a New Generation of IIoT Monitoring Software for the Heat Tracing Industry
- nVent Electric plc to Release Third Quarter 2020 Financial Results and Host Earnings Conference Call on Friday, October 30
- nVent Announces Quarterly Cash Dividend
Key People/Management at nVent
Beth Wozniak
Chief Executive Officer
Lynnette Heath
Executive Vice President and Chief Human Resources Officer
Aravind Padmanabhan
Executive Vice President and Chief Technology Officer
Jon Lammers
Executive Vice President, General Counsel and Secretary
Betty Noonan
Executive Vice President and Chief Growth Officer
Sara Zawoyski
Executive Vice President and Chief Financial Officer
nVent Office Locations
nVent has offices in Brentford, London, Solon, St. Louis Park and in 17 other locations
Brentford, GB (HQ)
8th Floor, the mille, 1000 Great West Rd
London, GB
43 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
nVent Financials and Metrics
nVent Revenue
nVent's revenue was reported to be $2.20 b in FY, 2019 which is a 0.4% decrease from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2020) | 509.3m |
Gross profit (Q3, 2020) | 196.8m |
Gross profit margin (Q3, 2020), % | 38.6% |
Net income (Q3, 2020) | (138.7m) |
EBIT (Q3, 2020) | (141.6m) |
Market capitalization (20-Nov-2020) | 3.7b |
Closing stock price (20-Nov-2020) | 21.7 |
Cash (30-Sept-2020) | 159.8m |
EV | 4.6b |
nVent's current market capitalization is $3.7 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 538.9m | 542.7m | 563.9m | 538.0m | 539.5m | 559.8m | 520.9m | 447.2m | 509.3m |
Cost of goods sold | 330.0m | 323.3m | 334.8m | 328.1m | 327.3m | 335.7m | 325.6m | 286.9m | 312.5m |
Gross profit | 208.9m | 219.4m | 229.1m | 209.9m | 212.2m | 224.1m | 195.3m | 160.3m | 196.8m |
Gross profit Margin, % | 39% | 40% | 41% | 39% | 39% | 40% | 37% | 36% | 39% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 836.7m | 91.5m | 106.0m | 32.6m | 25.3m | 49.5m | 187.9m | 235.0m | 159.8m |
Accounts Receivable | 355.2m | 365.0m | 365.5m | 342.7m | 349.6m | 375.0m | 333.1m | 300.2m | 327.4m |
Prepaid Expenses | 29.4m | 46.8m | 36.1m | 37.5m | 36.4m | 39.0m | 37.0m | 32.3m | 33.8m |
Inventories | 225.4m | 226.7m | 237.1m | 244.4m | 248.3m | 25.9m | 249.0m | 247.5m | 238.9m |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 52.3m | 95.6m | 163.8m | 56.4m | 117.3m | 177.2m | 18.6m | 44.4m | (94.3m) |
Depreciation and Amortization | 24.6m | 48.9m | 73.4m | 23.5m | 47.4m | 71.7m | 25.6m | 51.0m | 28.8m |
Inventories | 2.0m | (8.7m) | (18.5m) | (16.8m) | (19.7m) | (18.4m) | (6.1m) | (2.9m) | 9.3m |
Accounts Payable | (34.6m) | (18.4m) | (28.1m) | (40.8m) | (44.0m) | (53.6m) | (33.3m) | (49.3m) | (46.1m) |
| USD | FY, 2017 |
|---|---|
Financial Leverage | 1.2 x |
nVent Operating Metrics
nVent's Backlog was reported to be $299.8m in FY, 2019.
| FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Remaining Performance Obligations (One Year or More) | $77.40 m | $58.20 m | $54.60 m | $60 m | $58.70 m | $63.80 m | $92 m | $79 m | $82.30 m | $98.50 m | $82.70 m | |
Backlog | $280.40 m | $279.70 m | $299.80 m | |||||||||
Backlog (Enclosures) | $132.40 m | $138.60 m | $114.30 m | |||||||||
Backlog (Thermal Management) | $123.40 m | $118.60 m | $156.70 m |
nVent Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| WBT | February 10, 2020 | $29.90 m |
| Eldon Holding | July 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 |
nVent Revenue Breakdown
nVent revenue breakdown by business segment: 26.3% from Electrical and Fastening Solutions, 26.8% from Thermal Management and 46.9% from Enclosures
nVent revenue breakdown by geographic segment: 10.1% from Developing, 20.8% from Developed Europe, 67.2% from U.S. and Canada and 1.9% from Other
nVent Cybersecurity Score
nVent Online and Social Media Presence
435 Twitter followers
nVent has 435 Twitter Followers. The number of followers has increased 3.9% month over month and increased 6.6% quarter over quarter
nVent's Trends
Twitter Engagement Stats for @nVent
377
Tweets
11
Following
435
Followers
23
Tweets last 30 days
1.6
Avg. likes per Tweet
73.9%
Tweets with engagement
nVent News and Updates
October 30, 2020
nVent Announces Third Quarter 2020 Financial Results
nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in
electrical connection and protection solutions, today announced financial results for the third quarter of 2020 and
provided guidance for the fourth quarter and full-year 2020.
October 28, 2020
nVent Unveils a New Generation of IIoT Monitoring Software for the Heat Tracing Industry
nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today launched the nVent RAYCHEM Supervisor IIoT (Industrial Internet of Things) platform, which is designed to connect, control and monitor temperature-critical assets.
October 20, 2020
nVent Electric plc to Release Third Quarter 2020 Financial Results and Host Earnings Conference Call on Friday, October 30
nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, will report third quarter 2020 financial results before the opening of the New York Stock Exchange on Friday, October 30, 2020. The company will also hold a conference call with analysts and i…
September 28, 2020
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 share on November 6, 2020, to shareholders of record at the close of business on October 23, 2020.
September 03, 2020
nVent Electric plc to Participate in the 2020 RBC Capital Markets Global Industrials Virtual Conference
nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced its participation in the 2020 RBC Capital Markets Global Industrials Virtual Conference on Monday, September 14, 2020. Beth Wozniak, chief executive officer, and Sara Zawoyski,…
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 9,500 employees.
What is nVent revenue?
Latest nVent annual revenue is $2.2 b.
What is nVent revenue per employee?
Latest nVent revenue per employee is $232 k.
Who are nVent competitors?
Competitors of nVent include Schweitzer Engineering Laboratories, Spirax-Sarco Engineering and Schneider Electric.
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, Solon, St. Louis Park and in 17 other locations.
How many offices does nVent have?
nVent has 22 offices.
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