Filing Flows › nVent Electric (NVT) › Q1 2025
nVent Electric (NVT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
nVent Electric (NVT) reported revenue of $809M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +8% from the quarter before. Operating margin was 16.1%, net earnings $361M (44.6% of revenue).
nVent Electric, Q1 2025: revenue $809M (+10% year over year), operating margin 16.1%, net earnings $361M, operating cash flow $60.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $809M | +8% | +11% |
| Gross profit | $314M | +5% | +8% |
| Operating profit | $130M | +11% | -1% |
| Net earnings | $361M | 34× | +243% |
| Operating cash flow | $60.2M | -73% | -33% |
| Free cash flow | $39.1M | -80% | -48% |
What changed
Revenue was $809.3M in Q1 2025, up 11% year over year and up 8% from the previous quarter. Systems Protection was the largest line at 63% of revenue. Systems Protection added $68.3M year over year (up 16%), 88% of the total change.
Gross margin was 38.8%, down 1.0 points from a year earlier. Operating profit was $130.0M, a 16.1% margin (down 2.0 points year over year). Operating profit fell $1.9M even though revenue rose $77.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 16% against revenue growth of 11%. The fastest-growing cost line was SG&A (+16%). Net earnings were $360.7M, up 243% year over year. The effective tax rate was 6.4%. Non-operating items added $255.2M, 66% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $60.2M (down 33% year over year), 17% of net earnings. Non-cash charges added back $42.0M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items used $351.0M. Capital expenditures of $21.1M left free cash flow of $39.1M.
Questions
What was nVent Electric's revenue in the first quarter 2025?
nVent Electric (NVT) reported revenue of $809M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +8% from the quarter before.
Was nVent Electric profitable in the first quarter 2025?
Operating profit was $130M (16.1% of revenue) and net earnings $361M.
Source: nVent Electric 10-Q on SEC EDGAR.