LONDON, July 6, 2019 – Shares of nVent Electric plc (NYSE: NVT) showed the bullish trend with a higher momentum of 0.36% to $25.11. The company traded total volume of 1.597M shares as contrast to its average volume of 1.27M shares. The company has a market value of $4.37B and about 173.96M shares outstanding.
NVent Electric PLC (NVT) reported first-quarter earnings of $56.40M.
First quarter sales of $538.0M were flat relative to the first quarter 2018 and grew 3 percent organically, which excludes the impact from currency fluctuations. First quarter 2019 earnings per diluted share (“EPS”) were $0.32, while on an adjusted basis; the company had EPS of $0.39. Segment income, adjusted net income, free cash flow and adjusted EPS are described in the attached plans.
First quarter 2019 operating income was $78.0M, up from $66.0M and up 18 percent from the same quarter in 2018. On an adjusted basis, segment income was $96.0M, up 3 percent contrast to the first quarter of 2018. Segment income excluding corporate and other costs was up 5 percent contrast to the first quarter of 2018.
First quarter net cash used for operating activities was $13.0M and total free cash flow usage was $16.0M. The company continues to target full-year free cash flow of about 100 percent of adjusted net income.
The Company offered net profit margin of 10.60% while its gross profit margin was 39.60%. ROE was recorded as 8.80%. The stock, as of recent close, has shown the weekly upbeat performance of 2.66% which was maintained at 11.80% in this year.