nVent Reports Strong Q1 Earnings and Raises Full-Year Guidance
nVent Electric reported record Q1 revenue of $1.2 billion, a 53% increase year-over-year, driven by strong demand from data centers. The company raised its full-year revenue growth guidance from 15-18% to 26-28% and expects Q2 revenue growth of 28-30%. The stock price rose following the earnings report.
Tickers: $NVT