nVent revenue surges 54% on Electrical Products Group deal; tariffs compress margins 2.9 pts

Filed May 1, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~2 min read

Key Changes

• high

  Q1 2026 revenue jumped 53.5% to $1.24B driven by Electrical Products Group acquisition ($137.7M contribution) and 34.4% organic growth from infrastructure and data center demand, far exceeding prior year's 10.5% growth.

  MD&A: Revenue Growth verify on EDGAR →
• high

  Gross margin fell 2.9 percentage points to 35.9% as tariff impacts hit raw materials and labor costs, a sharper compression than the 0.9 point decline in the prior year. Management no longer states tariffs had 'no material impact.'

  MD&A: Gross Margin & Tariffs verify on EDGAR →
• high

  Systems Protection segment revenue soared 76.1% to $894.8M with margin expanding 2.2 points to 22.7%, while Electrical Connections margin compressed 3.9 points to 24.4% on tariff-related inflation.

  MD&A: Segment Performance verify on EDGAR →