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nVent: Record Backlog, Doubling Capacity—Is This the Inflection Point?

nVent Electric plc’s third quarter of 2025 showed strong financial performance, characterized by record-breaking sales and earnings per share (EPS). The company, specializing in providing solutions for electrical connection and protection, achieved sales of over $1 billion for the first time in a single quarter. Adjusted EPS stood at $0.91, surpassing the guidance set by the company. This significant boost in performance was chiefly driven by robust demand for data centers, particularly due to substantial orders related to AI data center build-outs, which saw organic orders surge by approximately 65%. Excluding the data center impacts, organic orders still experienced a solid high single-digit growth. The company’s strategic focus on transforming its portfolio towards more promising growth areas like infrastructure is evident, with sales in this vertical up over 40%. The sector’s performance was driven by growth in data centers and power utilities.