Exhibit 99.1
nventlogorgbf2a04.jpg

News Release
nVent Reports Fourth Quarter and Full-Year 2018 Financial Results
Another Strong Quarter Drives Full-Year Sales up 6%
Fourth quarter reported sales of $568 million were up 5%; Organic sales up 6%. Full-year reported sales of $2.2 billion were up 6%; Organic sales up 5%.
Fourth quarter reported EPS of $0.37; Adjusted EPS of $0.45. Full-year reported EPS of $1.28; Adjusted EPS of $1.74.
Full-year net cash provided by operating activities of $344 million; Returned approximately $120 million in cash to shareholders through dividends and share repurchases.

Reconciliations of GAAP (reported) to Non-GAAP measures are in the attached financial tables.
LONDON, UNITED KINGDOM – January 31, 2019 – nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced financial results for the fourth quarter and full-year of 2018 and provided guidance for the first quarter and full-year 2019.
Fourth quarter sales of $568 million grew 5 percent relative to the fourth quarter 2017 and grew 6 percent organically, which excludes the impact from currency fluctuations. Fourth quarter 2018 earnings per diluted share (“EPS”) were $0.37 while on an adjusted basis, the company had EPS of $0.45. Full-year sales of $2.2 billion grew 6 percent relative to full-year 2017 and grew 5 percent organically. Full-year 2018 EPS were $1.28 while on an adjusted basis, the company had EPS of $1.74. Segment income, adjusted net income, free cash flow and adjusted EPS are described in the attached schedules.
Fourth quarter 2018 operating income was $86 million, up from $59 million in the same quarter in 2017. On an adjusted basis, fourth quarter segment income excluding corporate and other costs was $120 million versus $117 million in 2017. Full-year 2018 operating income was $311 million versus $316 million in 2017. On an adjusted basis, segment income excluding corporate and other costs was $474 million, up 5 percent compared to full-year 2017.
Full-year net cash provided by operating activities was $344 million and total pro forma free cash flow was $301 million, which includes $43 million of tax effected separation and related costs. The company delivered full-year free cash flow of 96 percent of adjusted net income.
"Our fourth quarter sales were above the high end of our guidance marking the fourth consecutive quarter of sales acceleration giving us confidence our strategy is working," said Beth Wozniak, nVent's chief executive officer. "I'm very proud of our team for successfully launching nVent as a new public company and achieving 6 percent sales growth. We enter 2019 with momentum to grow and expand margins with our focus on One nVent, key verticals, and new product launches."







(more)


The following information was filed by Nvent Electric Plc (NVT) on Thursday, January 31, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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