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nVent Electric plc (NYSE: NVT) is a leading global provider of electrical connection and protection solutions, delivering innovative products and services across multiple industries. The company operates through three main segments: Enclosures, Thermal Management, and Electrical and Fastening Solutions. nVent's Enclosures segment, which contributes the largest portion of revenue, specializes in solutions that protect, connect, and manage heat in critical electronics and power equipment used in communication, control, and energy distribution.
Headquartered in London, with a significant management presence in Minneapolis, nVent serves a diversified range of industries including Commercial and Residential, Energy, Industrial Solutions, and Infrastructure. Its extensive product portfolio includes cabinets, electronic packaging, electrical fasteners, hangers and support systems, concrete reinforcing steel connections, and data center and networking systems.
The company's strategic approach focuses on leveraging big data to enhance business planning, agility, and profitability. By offering advanced analytics and predictive tools, nVent empowers its clients to navigate market changes, mitigate risks, and seize opportunities. The company's dedication to innovation ensures the ongoing development of highly responsive and personalized customer experiences.
In a recent notable development, nVent announced the acquisition of Trachte, LLC, a leader in engineered protection and control buildings, for $695 million. This move is expected to enhance nVent's capability to provide robust infrastructure solutions for electric utilities, data centers, and industrial customers.
nVent’s commitment to quality and reliability is evident through its globally recognized brands such as nVent CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM, and SCHROFF. These brands have built a legacy of excellence over more than a century, signifying the company's deep-rooted expertise and market leadership.
By continuing to innovate and expand its product offerings, nVent aims to solidify its position as a trusted advisor and partner in electrical solutions, dedicated to enabling safer systems and ensuring a more secure world.
nVent Electric (NYSE: NVT) has declared its regular quarterly cash dividend of $0.20 per ordinary share. The dividend will be paid on May 9, 2025, to shareholders who are recorded as holders at the close of business on April 25, 2025.
nVent Electric plc (NYSE:NVT) has announced the availability of its fourth quarter and full year 2024 financial results on the company's Investor Relations website. The earnings release has been posted at http://investors.nvent.com and will be furnished with the Securities and Exchange Commission on a Form 8-K.
The company has scheduled a conference call with analysts and investors at 10:00 a.m. ET. The call can be accessed via webcast or by phone. A replay will be available through February 20th, 2025, with access code 7088372.
nVent Electric (NYSE: NVT) has completed the sale of its Thermal Management business to Brookfield Asset Management funds for $1.7 billion, with expected net after-tax proceeds of approximately $1.4 billion. The company plans to use the proceeds for acquisitions and share repurchases.
The transaction represents a strategic move to transform nVent's portfolio into a more focused electrical connection and protection leader with higher growth potential. The Thermal Management business results have been reclassified as discontinued operations starting in Q3 2024 for both current and historical periods.
Goldman Sachs & Co. acted as financial advisor, while Foley & Lardner LLP provided legal counsel to nVent for the transaction.
nVent Electric plc (NYSE: NVT), a global leader in electrical connection and protection solutions, has announced its upcoming fourth quarter and full year 2024 financial results release, scheduled for Thursday, February 6, 2025. The company will host a conference call with analysts and investors at 10:00 a.m. ET on the same day.
Financial results and related materials will be available on the company's investor website. The conference call will be accessible via webcast or by phone, with replay options available through February 20th, 2025. Presentation materials will be posted online before the conference call.
nVent Electric (NYSE: NVT) has announced a 5% increase in its quarterly cash dividend. The company will pay $0.20 per ordinary share for the first quarter of 2025, up from the previous $0.19. The dividend will be paid on February 7, 2025, to shareholders of record as of January 17, 2025.
nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, has announced its participation in the upcoming Goldman Sachs Industrials & Materials Conference. The company's Chief Financial Officer, Sara Zawoyski, will deliver a presentation on Wednesday, December 4, 2024, at 10:40 a.m. ET. Interested parties can access the presentation via webcast through nVent's Investor Relations website.
nVent Electric (NYSE:NVT) announced its participation at SC24, where it will showcase its latest liquid cooling innovations for high-performance computing and AI. The company will highlight cooling solutions for the NVIDIA GB200 platform, including rack and row liquid-to-liquid coolant distribution units, row-based liquid-to-air heat rejection units, and other components. The showcase will feature smart 100 amp high density rack power distribution units and a demonstration of liquid-to-air cooling solution in collaboration with Lenovo. nVent's solutions are designed to support AI and high-performance workloads without requiring facility-wide liquid cooling infrastructure.
nVent Electric announced a collaboration with NVIDIA to deploy liquid cooling solutions supporting the NVIDIA GB200 NVL72 and next-generation platforms. nVent is contributing to development programs with hyperscale and high-performance computing customers, delivering customized solutions for NVIDIA NVL36 and NVL72 deployments. The company worked with NVIDIA to define a reference architecture utilizing nVent's coolant distribution unit, liquid-to-air heat exchanger, and manifold products. The collaboration also extends to delivering solutions for the Open Compute Project community, aiming to address supply chain constraints and improve technology reliability in data centers.
nVent Electric (NYSE: NVT) announced the availability of its third quarter 2024 financial results on the company's Investor Relations website. The earnings release will be filed with the SEC on Form 8-K. The company has scheduled a conference call with analysts and investors at 9:00 a.m. ET to discuss the results. A replay of the call will be available through November 15, 2024, and related presentation materials are accessible on their website.
nVent Electric plc (NYSE: NVT), a global leader in electrical connection and protection solutions, has announced its plans to release third quarter 2024 financial results on Friday, November 1, 2024. The company will host a conference call with analysts and investors at 9:00 a.m. ET on the same day.
Financial results will be posted on the company's investor website. nVent will issue an alert over a news wire when the earnings materials are publicly available, including a link to the documents. The conference call can be accessed via webcast on the investor website or by dialing specific numbers. A replay of the call will be available through November 15th, 2024. Related presentation materials will be posted to the investor website prior to the conference call.
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