nVent Electric Annual Sales Increase 6% - Modern Distribution Management

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nVent Electric Annual Sales Increase 6%

The company announced its separation from Pentair in May 2018.
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nVent Electric plc (NYSE: NVT), which completed its previously announced separation from Pentair plc (NYSE: PNR) in May of 2018, reported annual sales of $2.2 billion, up 6 percent over 2017. Profit decreased from $361.7 million to $230.8 million.

Fourth quarter sales increased 4.8 percent to $568.1 million. Sales for the fourth quarter decreased from $156 million to $67 million.

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