$NVT
nVent Electric plc Stock $nvt

$nvt Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000172063522000018 Filed on April 29, 2022

Income Statement

Concept	2022 Q1	2021 Q1
Revenue	$694.7M	$548.9M
YoY Change	26.56%	5.38%
Cost Of Revenue	$447.4M	$339.9M
YoY Change	31.63%	4.39%
Gross Profit	$247.3M	$209.0M
YoY Change	18.33%	7.01%
Gross Profit Margin	35.6%	38.08%
Selling, General & Admin	$142.0M	$117.2M
YoY Change	21.16%	-4.79%
% of Gross Profit	57.42%	56.08%
Research & Development	$15.20M	$11.40M
YoY Change	33.33%	-4.2%
% of Gross Profit	6.15%	5.45%
Depreciation & Amortization	$10.70M	$9.700M
YoY Change	10.31%	1.04%
% of Gross Profit	4.33%	4.64%
Operating Expenses	$157.2M	$128.6M
YoY Change	22.24%	-4.74%
Operating Profit	$90.10M	$80.40M
YoY Change	12.06%	33.33%
Interest Expense	-$7.200M	-$8.100M
YoY Change	-11.11%	-18.18%
% of Operating Profit	-7.99%	-10.07%
Other Income/Expense, Net	-$600.0K	-$600.0K
YoY Change	0.0%	-25.0%
Pretax Income	$82.30M	$71.70M
YoY Change	14.78%	44.56%
Income Tax	$14.50M	$6.300M
% Of Pretax Income	17.62%	8.79%
Net Earnings	$67.80M	$65.40M
YoY Change	3.67%	251.61%
Net Earnings / Revenue	9.76%	11.91%
Basic Earnings Per Share
Diluted Earnings Per Share	$403.1K	$387.4K
COMMON SHARES
Basic Shares Outstanding	166.2M shares	167.7M shares
Diluted Shares Outstanding	168.2M shares	168.8M shares

Balance Sheet

Concept	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$51.10M	$104.9M
YoY Change	-51.29%	-44.17%
Cash & Equivalents	$51.10M	$104.9M
Short-Term Investments
Other Short-Term Assets	$123.8M	$104.5M
YoY Change	18.47%	-9.76%
Inventory	$348.3M	$237.9M
Prepaid Expenses
Receivables	$495.2M	$396.5M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$964.9M	$799.0M
YoY Change	20.76%	-9.8%
LONG-TERM ASSETS
Property, Plant & Equipment	$287.5M	$282.7M
YoY Change	1.7%	1.47%
Goodwill	$2.185B	$2.094B
YoY Change	4.34%	-8.58%
Intangibles	$1.126B	$1.089B
YoY Change	3.41%	-5.69%
Long-Term Investments
YoY Change
Other Assets	$140.2M	$133.3M
YoY Change	5.18%	10.53%
Total Long-Term Assets	$3.739B	$3.599B
YoY Change	3.88%	0.93%
TOTAL ASSETS
Total Short-Term Assets	$964.9M	$799.0M
Total Long-Term Assets	$3.739B	$3.599B
Total Assets	$4.704B	$4.398B
YoY Change	6.95%	-7.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$263.7M	$176.9M
YoY Change	49.07%	17.23%
Accrued Expenses	$159.7M	$133.8M
YoY Change	19.36%	24.81%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$5.000M	$20.00M
YoY Change	-75.0%	6.38%
Total Short-Term Liabilities	$588.3M	$463.8M
YoY Change	26.84%	13.34%
LONG-TERM LIABILITIES
Long-Term Debt	$1.046B	$943.2M
YoY Change	10.88%	-22.13%
Other Long-Term Liabilities	$126.5M	$102.9M
YoY Change	22.93%	14.59%
Total Long-Term Liabilities	$1.172B	$1.046B
YoY Change	12.06%	-19.59%
TOTAL LIABILITIES
Total Short-Term Liabilities	$588.3M	$463.8M
Total Long-Term Liabilities	$1.172B	$1.046B
Total Liabilities	$2.170B	$1.948B
YoY Change	11.38%	-9.55%
SHAREHOLDERS EQUITY
Retained Earnings	$213.3M	$56.70M
YoY Change	276.19%	-67.69%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.534B	$2.450B
YoY Change
Total Liabilities & Shareholders Equity	$4.704B	$4.398B
YoY Change	6.95%	-7.02%

Cashflow Statement

Concept	2022 Q1	2021 Q1
OPERATING ACTIVITIES
Net Income	$67.80M	$65.40M
YoY Change	3.67%	251.61%
Depreciation, Depletion And Amortization	$10.70M	$9.700M
YoY Change	10.31%	1.04%
Cash From Operating Activities	$6.500M	$49.90M
YoY Change	-86.97%	644.78%
INVESTING ACTIVITIES
Capital Expenditures	$11.10M	$9.900M
YoY Change	12.12%	-2.94%
Acquisitions	$0.00	$3.900M
YoY Change	-100.0%	-85.56%
Other Investing Activities	$1.900M	-$3.800M
YoY Change	-150.0%	-85.33%
Cash From Investing Activities	-$9.200M	-$13.70M
YoY Change	-32.85%	-62.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$8.500M	$20.00M
YoY Change	-57.5%	525.0%
Debt Paid & Issued, Net	$1.400M	$5.000M
YoY Change	-72.0%	31.58%
Cash From Financing Activities	$5.900M	-$52.40M
YoY Change	-111.26%	-145.06%
NET CHANGE
Cash From Operating Activities	$6.500M	$49.90M
Cash From Investing Activities	-$9.200M	-$13.70M
Cash From Financing Activities	$5.900M	-$52.40M
Net Change In Cash	$1.600M	-$17.60M
YoY Change	-109.09%	-121.6%
FREE CASH FLOW
Cash From Operating Activities	$6.500M	$49.90M
Capital Expenditures	$11.10M	$9.900M
Free Cash Flow	-$4.600M	$40.00M
YoY Change	-111.5%	-1242.86%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001720635
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-38265
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	nVent Electric plc
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	L2
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	98-1391970
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	The Mille, 1000 Great West Road, 8th Floor (East)
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	London
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	TW8 9DW
CY2022Q1	dei	Entity Address Country EntityAddressCountry	GB
CY2022Q1	dei	Country Region CountryRegion	44
CY2022Q1	dei	City Area Code CityAreaCode	20
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	3966-0279
CY2022Q1	dei	Security12b Title Security12bTitle	Ordinary Shares, nominal value $0.01 per share
CY2022Q1	dei	Trading Symbol TradingSymbol	NVT
CY2022Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q1	dei	Entity Shell Company EntityShellCompany	false
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CY2021Q1	us-gaap	Gross Profit GrossProfit	209000000.0	USD
CY2022Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	142000000.0	USD
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CY2022Q1	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	600000	USD
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CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	51100000	USD
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CY2022Q1	us-gaap	Goodwill Goodwill	2185200000	USD
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CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	8500000	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	20000000.0	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	5900000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-52400000	USD
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-1600000	USD
CY2021Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-1400000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1600000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-17600000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	49500000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	122500000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	51100000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	104900000	USD
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2496100000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	67800000	USD
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-700000	USD
CY2022Q1	us-gaap	Dividends Common Stock DividendsCommonStock	29000000.0	USD
CY2022Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	3900000	USD
CY2022Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1400000	USD
CY2022Q1	us-gaap	Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures	0	shares
CY2022Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	4400000	USD
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	6600000	USD
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2533900000	USD
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2409800000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	65400000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	22300000	USD
CY2021Q1	us-gaap	Dividends Common Stock DividendsCommonStock	29400000	USD
CY2022Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	53500000	USD
CY2021Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	20000000.0	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	4100000	USD
CY2021Q1	us-gaap	Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures	0	shares
CY2021Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	2000000.0	USD
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	-200000	USD
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2450000000	USD
CY2022Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	694700000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	548900000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	694700000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	548900000	USD
CY2021Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	48900000	USD
CY2022Q1	nvt	Contract With Customer Asset Increase Decrease Amount ContractWithCustomerAssetIncreaseDecreaseAmount	4600000	USD
CY2022Q1	nvt	Contract With Customer Asset Increase Decrease Percent ContractWithCustomerAssetIncreaseDecreasePercent	0.094
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	18600000	USD
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	17800000	USD
CY2022Q1	nvt	Contract With Customer Liability Increase Decrease Amount ContractWithCustomerLiabilityIncreaseDecreaseAmount	800000	USD
CY2022Q1	nvt	Contract With Customer Liability Increase Decrease Percent ContractWithCustomerLiabilityIncreaseDecreasePercent	0.045
CY2022Q1	nvt	Contract With Customer Asset Liability Net ContractWithCustomerAssetLiabilityNet	34900000	USD
CY2021Q4	nvt	Contract With Customer Asset Liability Net ContractWithCustomerAssetLiabilityNet	31100000	USD
CY2022Q1	nvt	Contract With Customer Asset Liability Net Increase Decrease Amount ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount	3800000	USD
CY2022Q1	nvt	Contract With Customer Asset Liability Net Increase Decrease Percent ContractWithCustomerAssetLiabilityNetIncreaseDecreasePercent	0.122
CY2022Q1	nvt	Contract With Customer Asset Liability Net Increase Decrease Amount ContractWithCustomerAssetLiabilityNetIncreaseDecreaseAmount	3800000	USD
CY2022Q1	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0	USD
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	33100000	USD
CY2022Q1	us-gaap	Restructuring Charges RestructuringCharges	2000000.0	USD
CY2021Q1	us-gaap	Restructuring Charges RestructuringCharges	800000	USD
CY2022Q1	us-gaap	Restructuring Charges RestructuringCharges	2000000.0	USD
CY2021Q1	us-gaap	Restructuring Charges RestructuringCharges	800000	USD
CY2021Q4	us-gaap	Restructuring Reserve RestructuringReserve	2400000	USD
CY2020Q4	us-gaap	Restructuring Reserve RestructuringReserve	6600000	USD
CY2022Q1	us-gaap	Restructuring And Related Cost Incurred Cost RestructuringAndRelatedCostIncurredCost	2000000.0	USD
CY2021Q1	us-gaap	Restructuring And Related Cost Incurred Cost RestructuringAndRelatedCostIncurredCost	200000	USD
CY2022Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	2200000	USD
CY2021Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	3200000	USD
CY2022Q1	us-gaap	Restructuring Reserve RestructuringReserve	2200000	USD
CY2021Q1	us-gaap	Restructuring Reserve RestructuringReserve	3600000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	67800000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	65400000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	166200000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	167700000	shares
CY2022Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2000000.0	shares
CY2021Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1100000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	168200000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	168800000	shares
CY2022Q1	us-gaap	Basic Earnings Per Share Pro Forma BasicEarningsPerShareProForma	0.41
CY2021Q1	us-gaap	Basic Earnings Per Share Pro Forma BasicEarningsPerShareProForma	0.39
CY2022Q1	us-gaap	Diluted Earnings Per Share Pro Forma DilutedEarningsPerShareProForma	0.40
CY2021Q1	us-gaap	Diluted Earnings Per Share Pro Forma DilutedEarningsPerShareProForma	0.39
CY2022Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	200000	shares
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2000000.0	shares
CY2021Q4	us-gaap	Goodwill Goodwill	2186700000	USD
CY2022Q1	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	0	USD
CY2022Q1	us-gaap	Goodwill Other Increase Decrease GoodwillOtherIncreaseDecrease	-1500000	USD
CY2022Q1	us-gaap	Goodwill Goodwill	2185200000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1336200000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	483500000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	852700000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1336200000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	465500000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	870700000	USD
CY2022Q1	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	1609300000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	483500000	USD
CY2022Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1125800000	USD
CY2021Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	1609300000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	465500000	USD
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1143800000	USD
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	17800000	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	15900000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	53300000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	70900000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	70200000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	70200000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	70200000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	70200000	USD
CY2022Q1	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	119900000	USD
CY2021Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	104500000	USD
CY2022Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	38700000	USD
CY2021Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	33300000	USD
CY2022Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	189700000	USD
CY2021Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	184100000	USD
CY2022Q1	us-gaap	Inventory Net InventoryNet	348300000	USD
CY2021Q4	us-gaap	Inventory Net InventoryNet	321900000	USD
CY2022Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	53500000	USD
CY2021Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	48900000	USD
CY2022Q1	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	61600000	USD
CY2021Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	49600000	USD
CY2022Q1	us-gaap	Prepaid Taxes PrepaidTaxes	5100000	USD
CY2021Q4	us-gaap	Prepaid Taxes PrepaidTaxes	2200000	USD
CY2022Q1	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	3600000	USD
CY2021Q4	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	1300000	USD
CY2022Q1	us-gaap	Other Assets Current OtherAssetsCurrent	123800000	USD
CY2021Q4	us-gaap	Other Assets Current OtherAssetsCurrent	102000000.0	USD
CY2022Q1	us-gaap	Land And Land Improvements LandAndLandImprovements	38900000	USD
CY2021Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	39800000	USD
CY2022Q1	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	181900000	USD
CY2021Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	184500000	USD
CY2022Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	493200000	USD
CY2021Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	488500000	USD
CY2022Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	25100000	USD
CY2021Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	25500000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	739100000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	738300000	USD
CY2022Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	451600000	USD
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	447200000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	287500000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	291100000	USD
CY2022Q1	us-gaap	Deferred Compensation Plan Assets DeferredCompensationPlanAssets	19000000.0	USD
CY2021Q4	us-gaap	Deferred Compensation Plan Assets DeferredCompensationPlanAssets	21400000	USD
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	79100000	USD
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	79100000	USD
CY2022Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	14300000	USD
CY2021Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	14600000	USD
CY2022Q1	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	27800000	USD
CY2021Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	26000000.0	USD
CY2022Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	140200000	USD
CY2021Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	141100000	USD
CY2022Q1	us-gaap	Dividends Payable Current DividendsPayableCurrent	30000000.0	USD
CY2021Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	30500000	USD
CY2022Q1	us-gaap	Accrued Exchange Fee Rebate Current And Noncurrent AccruedExchangeFeeRebateCurrentAndNoncurrent	57600000	USD
CY2021Q4	us-gaap	Accrued Exchange Fee Rebate Current And Noncurrent AccruedExchangeFeeRebateCurrentAndNoncurrent	88200000	USD
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	18600000	USD
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	17800000	USD
CY2022Q1	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	30700000	USD
CY2021Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	32400000	USD
CY2022Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	17400000	USD
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	17400000	USD
CY2022Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	80600000	USD
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	70100000	USD
CY2022Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	234900000	USD
CY2021Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	256400000	USD
CY2022Q1	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	30200000	USD
CY2021Q4	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	30300000	USD
CY2022Q1	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	19000000.0	USD
CY2021Q4	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	21400000	USD
CY2022Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	66800000	USD
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	66500000	USD
CY2022Q1	nvt	Other Liabilities Miscellaneous Noncurrent OtherLiabilitiesMiscellaneousNoncurrent	10500000	USD
CY2021Q4	nvt	Other Liabilities Miscellaneous Noncurrent OtherLiabilitiesMiscellaneousNoncurrent	11000000.0	USD
CY2022Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	126500000	USD
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	129200000	USD
CY2022Q1	us-gaap	Net Investment Hedge Derivatives At Fair Value Net NetInvestmentHedgeDerivativesAtFairValueNet	12900000	USD
CY2021Q4	us-gaap	Net Investment Hedge Derivatives At Fair Value Net NetInvestmentHedgeDerivativesAtFairValueNet	16700000	USD
CY2021Q4	us-gaap	Aoci Derivative Qualifying As Hedge Excluded Component After Tax AociDerivativeQualifyingAsHedgeExcludedComponentAfterTax	9600000	USD
CY2022Q1	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	6200000	USD
CY2021Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	6300000	USD
CY2022Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1045800000	USD
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	999200000	USD
CY2022Q1	us-gaap	Debt Current DebtCurrent	5000000.0	USD
CY2021Q4	us-gaap	Debt Current DebtCurrent	5000000.0	USD
CY2022Q1	us-gaap	Long Term Debt LongTermDebt	1040800000	USD
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	994200000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	3800000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	5000000.0	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	5600000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	7500000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	230100000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	0	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	800000000.0	USD
CY2022Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1052000000	USD
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.176
CY2021Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.088
CY2022Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	15500000	USD
CY2021Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	15600000	USD
CY2018Q3	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	500000000	USD
CY2019Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	380000000	USD
CY2021Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	300000000	USD
CY2022Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	100000	shares
CY2022Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	3900000	USD
CY2021Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	900000	shares
CY2021Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	20000000	USD
CY2022Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	200000000	USD
CY2019Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.175
CY2022Q1	us-gaap	Dividends Payable Current DividendsPayableCurrent	30000000	USD
CY2021Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	30500000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	694700000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	548900000	USD
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	82300000	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	71700000	USD
CY2021Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	0	USD
CY2022Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	0	USD

Files In Submission

Name	View Source	Status
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ex322cfocertification20220.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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nvt-20220331.xsd	Edgar Link	pending
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2022 Q1 Form 10-Q Financial Statement

#000172063522000018 Filed on April 29, 2022

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$NVT nVent Electric plc Stock $nvt

2022 Q1 Form 10-Q Financial Statement

#000172063522000018 Filed on April 29, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVT
nVent Electric plc Stock $nvt