nVent Electric Files 8-K on Financial Results

TL;DR

**nVent Electric just dropped an 8-K with fresh financial results, time to check their numbers!**

AI Summary

nVent Electric plc filed an 8-K on February 6, 2024, to announce its results of operations and financial condition. This filing, under Commission file number 001-38265, indicates that the company is providing updated financial information. For investors, this matters because it offers a fresh look at nVent's financial health and performance, which can influence stock valuation and future investment decisions.

Why It Matters

This filing provides investors with the latest financial performance data for nVent Electric plc, crucial for evaluating the company's health and making informed investment decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results, which generally does not introduce new risks but provides transparency.

Analyst Insight

A smart investor would review the full financial statements and results of operations once they are made available to understand the company's performance and future outlook.

Key Numbers

• $0.01 — Nominal value per Ordinary Share (This is the stated par value of each share of nVent Electric plc's stock.)

Key Players & Entities

• nVent Electric plc (company) — the registrant filing the 8-K
• February 6, 2024 (date) — date of the earliest event reported and filing date
• 001-38265 (dollar_amount) — Commission file number
• $0.01 (dollar_amount) — nominal value per Ordinary Share
• NVT (company) — trading symbol on the New York Stock Exchange

Forward-Looking Statements

• nVent Electric plc will likely provide detailed financial statements and operational results in an accompanying exhibit to this 8-K. (nVent Electric plc) — high confidence, target: Immediately following this filing

FAQ

Key Financial Figures

• $0.01 — istered Ordinary Shares, nominal value $0.01 per share NVT New York Stock Exchange

Filing Documents

• nvt-20240206.htm (8-K) — 39KB
• q42023nvtpressrelease.htm (EX-99.1) — 442KB
• nventlogorgbf2a13.jpg (GRAPHIC) — 107KB
• nvt-20240206_g1.jpg (GRAPHIC) — 107KB
• 0001720635-24-000006.txt ( ) — 1032KB
• nvt-20240206.xsd (EX-101.SCH) — 2KB
• nvt-20240206_lab.xml (EX-101.LAB) — 24KB
• nvt-20240206_pre.xml (EX-101.PRE) — 13KB
• nvt-20240206_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

ITEM 2.02 Results of Operations and Financial Condition On February 6, 2024 , nVent Electric plc (the "Company") issued a press release announcing earnings results for the fourth quarter and full year of 2023 and a conference call in connection therewith. A copy of the release is attached hereto as Exhibit 99.1 and incorporated herein by reference. This press release refers to certain non-GAAP financial measures (organic sales, segment income, return on sales, adjusted net income, adjusted diluted earnings per share and free cash flow) and a reconciliation of those non-GAAP financial measures to the corresponding financial measures contained in the Company's financial statements prepared in accordance with generally accepted accounting principles. The 2023 and 2022 segment income, return on sales, adjusted net income and adjusted diluted earnings per share eliminate, where applicable: Expense related to certain targeted restructuring activities. Expense related to certain acquisition and integration activities associated with our business acquisitions. Amortization of all intangible assets associated with our business acquisitions, including inventory step-up amortization, associated with those acquisitions. The Company excludes these non-cash expenses because the Company believes it (i) enhances management's and investors' ability to analyze underlying business performance, (ii) facilitates comparisons of our financial results over multiple periods, and (iii) provides more relevant comparisons of the Company's results with the results of other companies as the amortization expense, inventory step-up amortization, and acquisition related expenses may fluctuate significantly from period to period based on the timing, size, nature, and number of acquisitions. Although the Company excludes amortization of these acquired intangible assets and inventory step-up from its non-GAAP results, the Company believes that it is important for investors to understand that rev

01 Financial Statements and Exhibits

ITEM 9.01 Financial Statements and Exhibits (a) Financial Statements of Businesses Acquired Not applicable. (b) Pro Forma Financial Information Not applicable. (c) Shell Company Transactions Not applicable. (d) Exhibits EXHIBIT INDEX Exhibit Description 99.1 nVent Electric plc press release dated February 6, 2024 announcing earnings results for the fourth quarter and full year of 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on February 6, 2024 . nVent Electric plc Registrant By /s/ Sara E. Zawoyski Sara E. Zawoyski Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR