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nVent Electric plc (NVT) Wolfe Research 19th Annual Global Transportation & Industrials Conference May 19, 2026 8:35 AM EDT
Company Participants
Gary Corona - Executive VP & CFO
Tony Riter - Vice President of Investor Relations
Conference Call Participants
Nigel Coe - Wolfe Research, LLC
Presentation
Nigel Coe
Wolfe Research, LLC
Great. So we're going to get rolling in with nVent. Great pleasure to welcome back to the conference, Gary Corona, CFO of nVent. And we also have Tony Riter, Head of IR on stage as well. So Gary, thank you very much for being here. And I'll hand over to you for some opening remarks.
Gary Corona
Executive VP & CFO
Yes. Thanks, Nigel. Thrilled to be here, actually, my second conference with you and the team. It's been an exciting year for nVent, tremendous growth acceleration that we've had as a company. Just for those of you who don't know nVent, we finished last year with a little over $4 billion in revenue and really finished the year with great growth. Organic growth over 10% and both sales, EPS and cash flow at 30% or higher. We finished up a great Q1 with revenue over 40% and organic over 30%, EPS at $0.60 and $1 of adjusted EPS for the quarter, which is the first time that we were able to do that.
Our strategy has been very consistent, which is about gaining exposure to more high-growth verticals, particularly the infrastructure vertical of data centers and power utilities. And we finished Q1 with over 55% exposure to that vertical. We've made a lot of progress reshaping the portfolio since our spin, where we were about $2 billion in revenue and industrial was by far our largest vertical and actually infrastructure, our smallest. That's completely flipped to where we were in the first quarter where we had infrastructure, like
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