Page 1

nvent News Release Exhibit 99.1 nVent Announces Third Quarter 2021 Financial Results Another quarter of strong execution delivers results above guidance ; raising full - year sales and EPS guidance Reported Return on Sales of 15.2 % ; Adjusted Return on Sales of 18.4 % • Reported sales of $ 643 million , up 26 % ; Organically up 20 % ; Robust growth across all segments • Reported EPS of $ 0.44 ; Adjusted EPS of $ 0.53 • • Generated Cash Flows from Operations of $ 115 million ; Free Cash Flow of $ 108 million , up versus 2020 Raising full - year sales and EPS guidance due to continued strong performance Reconciliations of GAAP ( reported ) to Non - GAAP measures are in the attached financial tables . LONDON , UNITED KINGDOM – October 28 , 2021 – nVent Electric plc ( NYSE : NVT ) ( “ nVent ” ) , a global leader in electrical connection and protection solutions , today announced financial results for the third quarter of 2021 and provided guidance for the fourth quarter and full - year 2021 . " Our third quarter results are a testament to the strong execution of our nVent team during a challenging supply chain environment . Third quarter sales grew 26 % as we continued to see broad - based growth across verticals and geographies . We generated strong cash flow , up more than $ 50 million dollars year - to - date . I am grateful to our teams who are working tirelessly to meet customer commitments , " said nVent Chief Executive Officer Beth Wozniak . " Based on the strength in the business year - to - date and higher order trends , we are raising our full - year sales and EPS guidance . With the Electrification of Everything we are seeing strong demand for our products and solutions . The execution of our strategy on high growth verticals , new products , global expansion and strategic acquisitions is driving our growth . We are continuing to manage through supply chain challenges and delivering strong results . It is certainly an exciting time to be at nVent . " Third quarter 2021 sales of $ 643 million were up 26 % relative to third quarter 2020 and increased 20 % organically , which excludes the impact from currency fluctuations and acquisitions . Third quarter 2021 earnings ( loss ) per diluted share ( " EPS ” ) were $ 0.44 , up from $ ( 0.82 ) in the prior year , while on an adjusted basis , the company had EPS of $ 0.53 , up 18 % from $ 0.45 . Segment income , adjusted net income , free cash flow and adjusted EPS are described in the attached schedules . Third quarter 2021 operating income was $ 98 million , compared to an operating loss of $ 142 million in the prior year period . On an adjusted basis , segment income was $ 118 million , compared to $ 101 million in the prior year period . nVent had net cash provided by operating activities of $ 115 million in the third quarter , and free cash flow was $ 108 million . ( more )