Discontinued — last reported Q2 '24
Thermal Management — Restructuring costs
nVent Electric plc Thermal Management — Restructuring costs increased by 600.0% to $700.00K in Q2 2024 compared to the prior quarter. Year-over-year, this metric grew by 16.7%, from $600.00K to $700.00K. Over 2 years (FY 2021 to FY 2023), Thermal Management — Restructuring costs shows an upward trend with a 152.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
High costs suggest significant operational changes or efficiency drives, while low costs indicate a stable organizational structure.
Detailed definition
Costs incurred to reorganize the Thermal Management segment's operations, including severance, facility closures, or sys...
Peer comparison
Commonly reported by industrial companies undergoing periodic operational optimization.
nvt_segment_thermal_management_restructuring_costsHistorical 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 | $1.10M | $0.00 | $100.00K | $0.00 | $0.00 | $0.00 | $600.00K | $2.90M | $600.00K | $100.00K | $5.30M | $100.00K | $700.00K |
| QoQ Change | — | -100.0% | — | -100.0% | — | — | — | +383.3% | -79.3% | -83.3% | >999% | -98.1% | +600.0% |
| YoY Change | — | — | — | — | -100.0% | — | +500.0% | — | — | — | +783.3% | -96.6% | +16.7% |
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Frequently Asked Questions
- What is nVent Electric plc's thermal management — restructuring costs?
- nVent Electric plc (NVT) reported thermal management — restructuring costs of $700.00K in Q2 2024.
- How has nVent Electric plc's thermal management — restructuring costs changed year-over-year?
- nVent Electric plc's thermal management — restructuring costs increased by 16.7% year-over-year, from $600.00K to $700.00K.
- What is the long-term trend for nVent Electric plc's thermal management — restructuring costs?
- Over 2 years (2021 to 2023), nVent Electric plc's thermal management — restructuring costs has grown at a 152.1% compound annual growth rate (CAGR), from $1.40M to $8.90M.
- What does thermal management — restructuring costs mean?
- Expenses related to reorganizing the Thermal Management business operations.