$NVT
nVent Electric plc

2024 Q3 Form 10-Q Financial Statement

#000172063524000059 Filed on November 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $782.0M $858.8M
YoY Change -8.94% 15.24%
Cost Of Revenue $470.9M $505.6M
YoY Change -6.86% 11.07%
Gross Profit $311.1M $353.2M
YoY Change -11.92% 21.79%
Gross Profit Margin 39.78% 41.13%
Selling, General & Admin $161.8M $178.7M
YoY Change -9.46% 15.44%
% of Gross Profit 52.01% 50.59%
Research & Development $16.10M $18.30M
YoY Change -12.02% 24.49%
% of Gross Profit 5.18% 5.18%
Depreciation & Amortization $26.40M $38.70M
YoY Change -31.78% 34.38%
% of Gross Profit 8.49% 10.96%
Operating Expenses $177.9M $197.0M
YoY Change -9.7% 16.22%
Operating Profit $133.2M $156.2M
YoY Change -14.72% 29.63%
Interest Expense -$30.40M -$25.50M
YoY Change 19.22% 214.81%
% of Operating Profit -22.82% -16.33%
Other Income/Expense, Net -$1.200M -$1.400M
YoY Change -14.29% 180.0%
Pretax Income $101.6M $129.3M
YoY Change -21.42% 15.55%
Income Tax $22.70M $23.80M
% Of Pretax Income 22.34% 18.41%
Net Earnings $105.0M $105.5M
YoY Change -0.47% 12.96%
Net Earnings / Revenue 13.43% 12.28%
Basic Earnings Per Share $0.63 $0.64
Diluted Earnings Per Share $0.62 $0.63
COMMON SHARES
Basic Shares Outstanding 165.6M shares 165.8M shares
Diluted Shares Outstanding 168.1M shares 168.6M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $137.1M $113.3M
YoY Change 21.01% -41.6%
Cash & Equivalents $137.1M $113.3M
Short-Term Investments
Other Short-Term Assets $132.9M $130.8M
YoY Change 1.61% -13.38%
Inventory $366.2M $464.9M
Prepaid Expenses
Receivables $526.0M $635.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.419B $1.300B
YoY Change 9.14% 7.18%
LONG-TERM ASSETS
Property, Plant & Equipment $335.8M $371.9M
YoY Change -9.71% 36.73%
Goodwill $2.232B $2.560B
YoY Change -12.81% 18.03%
Intangibles $1.618B $1.538B
YoY Change 5.19% 42.4%
Long-Term Investments
YoY Change
Other Assets $329.9M $155.7M
YoY Change 111.88% 9.57%
Total Long-Term Assets $5.499B $4.626B
YoY Change 18.88% 26.28%
TOTAL ASSETS
Total Short-Term Assets $1.419B $1.300B
Total Long-Term Assets $5.499B $4.626B
Total Assets $6.918B $5.926B
YoY Change 16.75% 21.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $243.4M $243.4M
YoY Change 0.0% -5.99%
Accrued Expenses $95.30M $241.0M
YoY Change -60.46% 134.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $37.50M $30.00M
YoY Change 25.0% 100.0%
Total Short-Term Liabilities $776.2M $659.4M
YoY Change 17.71% 2.23%
LONG-TERM LIABILITIES
Long-Term Debt $2.221B $1.862B
YoY Change 19.3% 71.3%
Other Long-Term Liabilities $184.8M $139.6M
YoY Change 32.38% 18.01%
Total Long-Term Liabilities $2.406B $2.001B
YoY Change 20.21% 66.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $776.2M $659.4M
Total Long-Term Liabilities $2.406B $2.001B
Total Liabilities $3.634B $2.981B
YoY Change 21.93% 33.94%
SHAREHOLDERS EQUITY
Retained Earnings $1.131B $681.9M
YoY Change 65.87% 107.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.284B $2.945B
YoY Change
Total Liabilities & Shareholders Equity $6.918B $5.926B
YoY Change 16.75% 21.53%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $105.0M $105.5M
YoY Change -0.47% 12.96%
Depreciation, Depletion And Amortization $26.40M $38.70M
YoY Change -31.78% 34.38%
Cash From Operating Activities $197.7M $145.0M
YoY Change 36.34% 6.7%
INVESTING ACTIVITIES
Capital Expenditures $12.90M $16.60M
YoY Change -22.29% -266.0%
Acquisitions
YoY Change
Other Investing Activities -$683.1M -$6.700M
YoY Change 10095.52%
Cash From Investing Activities -$696.0M -$23.30M
YoY Change 2887.12% 133.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 361.3M -139.1M
YoY Change -359.74% -765.55%
NET CHANGE
Cash From Operating Activities 197.7M 145.0M
Cash From Investing Activities -696.0M -23.30M
Cash From Financing Activities 361.3M -139.1M
Net Change In Cash -137.0M -17.40M
YoY Change 687.36% -111.85%
FREE CASH FLOW
Cash From Operating Activities $197.7M $145.0M
Capital Expenditures $12.90M $16.60M
Free Cash Flow $184.8M $128.4M
YoY Change 43.93% -11.99%

Facts In Submission

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