nVent Electric Raises 2026 Outlook Following Record Q3 Sales and Order Growth
nVent Electric (NVT) reported record-breaking third-quarter results, surpassing previous guidance for sales, orders, and earnings. The company's strong performance was primarily driven by high demand in the data center sector and its Maverick Power segment. Bolstered by these results, management has raised its 2026 outlook, projecting sales growth of 48%-49% and adjusted earnings per share (EPS) between $5.36 and $5.39. The company also reported a healthy growing backlog, which reached $2.6 billion.
Tickers: $NVT
Topics: backlog growth earnings beat record sales
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