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.
TypePublic
Founded2018
HQBrentford, GB
Websitenvent.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)9,500(+6%)
Job Openings160
Revenue (FY, 2019)$2.2 B
Share Price (Nov 2020)$21.7
Cybersecurity ratingBMore

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, 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
Show all (22)

nVent Financials and Metrics

nVent Revenue

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View revenue for all periods
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
USDFY, 2017FY, 2018FY, 2019

Revenue

2.1b2.2b2.2b

Revenue growth, %

6%0%

Cost of goods sold

1.3b1.3b1.3b

Gross profit

841.9m876.1m865.8m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

538.9m542.7m563.9m538.0m539.5m559.8m520.9m447.2m509.3m

Cost of goods sold

330.0m323.3m334.8m328.1m327.3m335.7m325.6m286.9m312.5m

Gross profit

208.9m219.4m229.1m209.9m212.2m224.1m195.3m160.3m196.8m

Gross profit Margin, %

39%40%41%39%39%40%37%36%39%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

26.9m159.0m106.4m

Accounts Receivable

349.3m340.9m334.3m

Prepaid Expenses

29.3m31.7m32.5m

Inventories

224.1m228.2m244.7m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

361.7m230.8m222.7m

Depreciation and Amortization

97.9m97.1m96.8m

Inventories

(8.9m)(12.0m)900.0k

Accounts Payable

17.0m13.4m(7.9m)
Quarterly
USDFY, 2017

Financial Leverage

1.2 x
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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)

$77.40 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
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nVent Acquisitions / Subsidiaries

Company NameDateDeal Size
WBTFebruary 10, 2020$29.90 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: 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

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

nVent Online and Social Media Presence

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nVent News and Updates

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.

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.

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…

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.

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.