nVent Electric PLC (NYSE:NVT)
$ 66.41 1.86 (2.88%) Market Cap: 11.04 Bil Enterprise Value: 12.34 Bil PE Ratio: 19.42 PB Ratio: 3.36 GF Score: 89/100

nVent Electric PLC at Wolfe Research Global Transportation & Industrials Conference Transcript

May 23, 2023 / 03:05PM GMT
Release Date Price: $41.72 (-3.02%)
Nigel Edward Coe
Wolfe Research, LLC - MD & Senior Research Analyst

Stepping out to industrial double header is nVent. And with on stage is Sara Zawoyski, CFO of nVent; and Tony Riter, Head of IR. So Sara, I know you've got some slides. So over to you.

Sara E. Zawoyski
nVent Electric plc - Executive VP & CFO

Thanks, Nigel. Good morning, everyone. Happy to be here, and thanks, Nigel, for having us. I've just got a couple of slides here to kick things off. I would just start with a quick overview of nVent. So nVent, we are a leader in connection and protection. We've got leading positions, leading in North America as well as globally, strong brands, and importantly, we believe we're well positioned with the electrification of everything, the sustainability trends along with digitalization.

We ended the year last year at $2.9 billion of sales. We will tip that $3 billion mark here in 2023 with our organic sales and the ECM acquisition that we just closed last week that I'll talk about in a moment. We delivered strong results and have been doing

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