By Christopher Kuo
NVent Electric shares climbed to an all-time high after the company raised its full-year outlook for sales and earnings per share.
Shares of the electrical-solutions company reached their all-time high of $167.37 earlier Friday, and were recently up 12% to $159.34.
The company on Friday raised its full-year outlook for sales and earnings per share, topping Wall Street estimates. The company now expects 2026 sales growth of 26% to 28% and full-year adjusted earnings per share of $4.45 to $4.55. Analysts polled by FactSet are expecting full-year adjusted earnings per share of $4.20.
The company projected second-quarter sales growth of 28% to 30% and adjusted earnings per share of $1.12 to $1.15. Analysts are expecting adjusted earnings per share of $1.07.
The company posted a first-quarter profit of $142.4 million, or 87 cents a share, compared with a profit of $360.7 million, or $2.16 a share, a year earlier.
Adjusted per-share earnings came in at $1.09, beating Wall Street's estimate of 94 cents a share.
The company's revenue rose to $1.24 billion from $809.3 billion a year earlier, driven by data-center growth, it said. Analysts expected $1.1 billion.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
May 01, 2026 10:47 ET (14:47 GMT)
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