Discontinued — last reported Q2 '24
Thermal Management — Reportable segment income
nVent Electric plc Thermal Management — Reportable segment income decreased by 11.9% to $28.00M in Q2 2024 compared to the prior quarter. Year-over-year, this metric declined by 2.1%, from $28.60M to $28.00M. Over 2 years (FY 2021 to FY 2023), Thermal Management — Reportable segment income shows an upward trend with a 6.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase reflects improved margins or cost control, while a decrease signals margin compression or operational challenges.
Detailed definition
The operating profit generated by the Thermal Management segment, calculated as segment revenue minus operating expenses...
Peer comparison
Standard segment-level profitability metric used across diversified industrial companies.
nvt_segment_thermal_management_reportable_segment_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $24.90M | $31.60M | $43.70M | $32.40M | $28.30M | $35.90M | $44.20M | $30.90M | $28.60M | $34.80M | $44.20M | $31.80M | $28.00M |
| QoQ Change | — | +26.9% | +38.3% | -25.9% | -12.7% | +26.9% | +23.1% | -30.1% | -7.4% | +21.7% | +27.0% | -28.1% | -11.9% |
| YoY Change | — | — | — | — | +13.7% | +13.6% | +1.1% | -4.6% | +1.1% | -3.1% | +0.0% | +2.9% | -2.1% |
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Frequently Asked Questions
- What is nVent Electric plc's thermal management — reportable segment income?
- nVent Electric plc (NVT) reported thermal management — reportable segment income of $28.00M in Q2 2024.
- How has nVent Electric plc's thermal management — reportable segment income changed year-over-year?
- nVent Electric plc's thermal management — reportable segment income decreased by 2.1% year-over-year, from $28.60M to $28.00M.
- What is the long-term trend for nVent Electric plc's thermal management — reportable segment income?
- Over 2 years (2021 to 2023), nVent Electric plc's thermal management — reportable segment income has grown at a 6.9% compound annual growth rate (CAGR), from $121.20M to $138.50M.
- What does thermal management — reportable segment income mean?
- The operating profit earned by the Thermal Management business unit.