← nVent Electric plc
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | $2.1b | $2.2b | $2.2b | $2.0b | $2.5b | $2.9b | $3.3b | $3.0b | $3.9b | |
| Cost of goods sold(1) | $1.3b | $1.3b | $1.3b | $1.2b | $1.5b | $1.8b | $1.9b | $1.8b | $2.4b | |
| Gross profit | $841.9m | $876.1m | $865.8m | $749.4m | $941.9m | $1.1b | $1.3b | $1.2b | $1.5b | |
| Research and development | $42.5m | $45.6m | $48.2m | $43.5m | $48.6m | $60.4m | $71.5m | $66.1m | $78.5m | |
| Selling, general and administrative | $483.3m | $519.7m | $484.5m | $447.0m | $537.9m | $595.9m | $683.2m | $615.9m | $773.8m | |
| Operating income | $316.1m | $310.8m | $333.1m | $38.4m | $355.4m | $440.4m | $587.4m | $527.1m | $616.8m | |
| Gain on sale of investment | — | — | — | — | $0 | $0 | ($10.3m) | $0 | $0 | |
| Provision (benefit) for income taxes | ($48.4m) | $37.9m | $34.7m | $37.7m | $47.8m | $72.8m | ($67.6m) | $188.4m | $121.5m | |
| Net income from continuing operations | — | — | — | — | — | $293.1m | $459.7m | $240.8m | $428.5m | |
| Income from discontinued operations, net of tax | — | — | — | — | — | $106.7m | $107.4m | $91.0m | $281.7m | |
| Changes in cumulative translation adjustment (2025 includes $92.7 million reclassified to gain on sale included in Income from discontinued operations, net of tax) | $2.4m | ($48.2m) | $4.8m | ($3.7m) | $4.4m | ($18.6m) | $10.5m | ($43.6m) | $126.9m | |
| Changes in market value of derivative financial instruments, net of tax | $1.1m | ($2.5m) | $4.4m | $7.1m | $7.6m | $2.2m | ($14.9m) | $3.2m | ($13.7m) | |
| Comprehensive income attributable to nVent | $365.2m | $180.1m | $231.9m | ($43.8m) | $284.9m | $383.4m | $562.7m | $291.4m | $823.4m | |
| Income before income taxes | $313.3m | $268.7m | $257.4m | ($9.5m) | $320.7m | $472.6m | $499.5m | $429.2m | $550.0m | |
| Net income | $361.7m | $230.8m | $222.7m | ($47.2m) | $272.9m | $399.8m | $567.1m | $331.8m | $710.2m | |
| Basic | ||||||||||
| Discontinued operations (in dollars per share) | $2.00 | $1.28 | $1.29 | ($0.28) | $1.61 | $0.64 | $0.64 | $0.54 | $1.71 | |
| Continuing operations (in dollars per share) | — | — | — | — | — | $1.74 | $2.73 | $1.43 | $2.60 | |
| Net interest expense | $200k | $31.2m | $44.7m | $36.4m | $32.3m | $31.2m | $79.4m | $106.0m | $75.0m | |
| Other expense (income) | $2.6m | $10.9m | $31.0m | $11.5m | ($12.8m) | ($63.4m) | $18.8m | ($8.1m) | ($8.2m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.