By Kelly Cloonan

Shares of nVent Electric rose after the company bumped up its full-year guidance due to growth in its data center business.

The stock climbed 7% to $111.63 on Friday. Shares are up 64% this year.

The electrical connection and protection solutions provider expects earnings per share of $2.57 to $2.59 for the year, up from $2.48 to $2.56 expected previously.

It forecasts sales growth of 27% to 28% for the year, compared to a prior range of 24% to 26%.

The updated guidance reflects momentum in data centers as well as record orders and backlog in the third quarter, Chief Executive Beth Wozniak said. The company has expanded several facilities to support data center and power utility growth, she noted.

For the third quarter, nVent posted a profit of $121.2 million, or 74 cents a share, compared with $105 million, or 62 cents a share, a year earlier.

Adjusted earnings per share were 91 cents, ahead of estimates of 89 cents a share according to analysts polled by FactSet.

Revenue rose to $1.05 billion compared with $782 million a year ago. Analysts expected $1.01 billion.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

October 31, 2025 12:27 ET (16:27 GMT)

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