v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Our continuing operations are comprised of two reporting segments: Systems Protection and Electrical Connections.
"Enterprise and other" activity primarily consists of enterprise expenses not allocated to the segments, including certain executive office, board of directors, and centrally-managed enterprise functional or shared service costs related to finance, human resources, legal, supply chain, digital and corporate development. These activities do not meet the criteria for a stand-alone reporting segment under ASC 280.
The accounting policies of our reporting segments are the same as those described in the summary of significant accounting policies in our Annual Report on Form 10-K for the year ended December 31, 2025. The Company's primary measure of segment profitability is reportable segment income. Reportable segment income represents operating income, which includes certain corporate overhead allocations, and is exclusive of intangible amortization, acquisition related costs, costs of restructuring activities, reimbursements of tariffs previously remitted under the International Emergency Economic Powers Act ("IEEPA tariffs"), "mark-to-market" gain/loss for pension and other post-retirement plans, impairments and other unusual non-operating items.
nVent's chief operating decision maker ("CODM") is our chief executive officer. This presentation is consistent with how the CODM evaluates the results of operations and makes strategic decisions about the business. The CODM uses reportable segment income for purposes of evaluating performance, allocating resources, setting incentive compensation targets, as well as internal forecasting of future period financial results. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented.
Net sales and significant expense categories to arrive at our measure of segment profitability by reportable segment were as follows:
Three months ended June 30, 2026
In millionsSystems ProtectionElectrical ConnectionsTotal
Net sales$1,072.1 $399.2 $1,471.3 
Cost of goods sold(1)
707.5 227.1 
Selling, general and administrative(1)
99.8 57.3 
Research and development(1)
16.6 6.0 
Reportable segment income$248.2 $108.8 $357.0 
Six months ended June 30, 2026
In millionsSystems ProtectionElectrical ConnectionsTotal
Net sales$1,966.9 $746.4 $2,713.3 
Cost of goods sold(1)
1,293.9 432.8 
Selling, general and administrative(1)
190.0 108.2 
Research and development(1)
31.7 11.8 
Reportable segment income$451.3 $193.6 $644.9 
Three months ended June 30, 2025
In millionsSystems ProtectionElectrical ConnectionsTotal
Net sales$632.0 $331.1 $963.1 
Cost of goods sold(1)
401.5 184.7 
Selling, general and administrative(1)
81.8 45.9 
Research and development(1)
11.6 5.6 
Reportable segment income$137.1 $94.9 $232.0 
Six months ended June 30, 2025
In millionsSystems ProtectionElectrical ConnectionsTotal
Net sales$1,140.2 $632.2 $1,772.4 
Cost of goods sold(1)
726.4 351.6 
Selling, general and administrative(1)
150.3 89.8 
Research and development(1)
22.2 10.8 
Reportable segment income$241.3 $180.0 $421.3 
(1)    These costs exclude certain expenses reported in the Condensed Consolidated Statements of Income and Comprehensive Income that are reflected in 'Enterprise and other', as well as the costs that are excluded from reportable segment income as discussed above.
The following table presents a reconciliation of reportable segment income to consolidated income before income taxes:
Three months endedSix months ended
In millionsJune 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Systems Protection$248.2 $137.1 $451.3 $241.3 
Electrical Connections108.8 94.9 193.6 180.0 
Reportable segment income357.0 232.0 644.9 421.3 
Enterprise and other(34.3)(32.0)(73.7)(59.1)
Restructuring and other(2.0)(3.1)(10.9)(4.0)
Acquisition transaction and integration costs(4.7)(4.3)(7.5)(7.4)
Intangible amortization(41.1)(35.9)(82.2)(64.1)
IEEPA tariffs25.8 — 25.8 — 
Net interest expense(17.4)(17.6)(34.9)(35.0)
Other expense(1.3)(1.1)(2.6)(2.2)
Income before income taxes$282.0 $138.0 $458.9 $249.5