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nvent News Release Exhibit 99.1 nVent Announces Second Quarter 2021 Financial Results Strong execution delivering robust sales growth and margin expansion ; raising full - year sales and EPS guidance • Reported sales of $ 601 million , up 34 % ; Organically up 29 % ; All segments exceeded 2019 sales Reported Return on Sales of 14.7 % , up 460bps ; Adjusted Return on Sales of 18.3 % , up 300bps Reported EPS of $ 0.39 , up 160 % ; Adjusted EPS of $ 0.50 , up 72 % • • Generated Cash Flows from Operations of $ 93 million ; Free Cash Flow of $ 85 million , up versus 2020 Strengthened growth profile with two bolt - on acquisitions Raising full - year sales and EPS guidance due to strong second quarter results and improved outlook Reconciliations of GAAP ( reported ) to Non - GAAP measures are in the attached financial tables . - LONDON , UNITED KINGDOM – August 3 , 2021 – nVent Electric plc ( NYSE : NVT ) ( " nVent " ) , a global leader in electrical connection and protection solutions , today announced financial results for the second quarter of 2021 and provided guidance for the third quarter and full - year 2021 . " I am extremely pleased with our second quarter results . Sales grew 34 % , with all segments above 2019 sales levels , driven by broad - based demand . We delivered robust margin expansion across all segments and strong earnings growth . Our teams did a tremendous job serving increased customer demand while navigating unprecedented supply chain constraints and inflation . We delivered another quarter of strong cash flow , up more than $ 50 million in the first half of the year . We completed two bolt - on acquisitions in the quarter , extending our presence in high - growth verticals like data centers and networking solutions and infrastructure . I'm also very proud of our recently published Social Responsibility Report , outlining our goals , progress and commitment to living social responsibility every day through our employees , our operations and our communities , " said Beth Wozniak , nVent's chief executive officer . " As we look to the second half of the year , our strong orders and backlog give us confidence in our continued growth . As a result of our first half performance and improved outlook , we are raising our full - year revenue and EPS guidance . The electrification of everything , combined with strong execution of our One nVent strategy , position us well to grow . " Second quarter 2021 sales of $ 601 million were up 34 % relative to second quarter 2020 and increased 29 % organically , which excludes the impact from currency fluctuations and acquisitions . Second quarter 2021 earnings per diluted share ( " EPS " ) were $ 0.39 , up 160 % , while on an adjusted basis , the company had EPS of $ 0.50 , up 72 % . Segment income , adjusted net income , free cash flow and adjusted EPS are described in the attached schedules . Second quarter 2021 operating income was $ 88 million , up 95 % , compared to $ 45 million in the prior year period . On an adjusted basis , segment income was $ 110 million , up 61 % , compared to $ 68 million in the prior year period . nVent had net cash provided by operating activities of $ 93 million in the second quarter , and free cash flow was $ 85 million . ( more )