nVent Electric plc (NYSE:NVT) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET
Company Participants
Tony Riter - Vice President, Investor Relations
Beth Wozniak - Chief Executive Officer
Sara Zawoyski - Chief Financial Officer
Conference Call Participants
Julian Mitchell - Barclays
Nigel Coe - Wolfe Research
Jeff Sprague - Vertical Research
Jeff Hammond - KeyBanc Capital Markets
Deane Dray - RBC Capital Markets
Joe Ritchie - Goldman Sachs
Operator
Welcome to the nVent Electric Second Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note that this event is being recorded.
I'd like to turn the conference over to Mr. Tony Riter, Vice President Investor Relations. Please go ahead.
Tony Riter
Thank you, Nick and welcome to nVent's second quarter 2022 earnings call. On the call with me are Beth Wozniak, our Chief Executive Officer; and Sara Zawoyski, our Chief Financial Officer.
Today we'll provide details on our second quarter performance, provide an outlook for the third quarter, and an update to our full year 2022 outlook. Before we begin, I will remind you that any statements made about the company's anticipated financial results are forward-looking statements subject to future risks and uncertainties. A such as the risks outlined in today's press release and nVent's filings with the Securities and Exchange Commission.
Forward-looking statements are made as of today and the company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
Today's webcast is accompanied by a presentation which you can find in the Investors section of nVent's website. References to non-GAAP financials are reconciled in the appendix of the presentation. We'll have time for questions after prepared remarks.
With that please turn to slide three and I will now turn the call over to Beth.
Beth Wozniak
Thank you, Tony and good morning everyone. It's great to be with you today to share our outstanding second quarter performance. Our nVent team has done a tremendous job serving our customers, responding to strong demand, and overcoming supply chain challenges.
Our second quarter performance once again exceeded our guidance on sales and earnings. Our strategy to focus on high-growth verticals, new products, and global expansion, combined with strong execution were key to our success.
We delivered record sales in Q2, growing 21% with broad-based growth and strong contribution from both price and volume. Orders grew double-digits in the second quarter and we exited with a solid backlog. Our ROS improved 130 basis points sequentially. Our Q2 EPS grew 14%. Given our strong second quarter results, we are again raising full year sales and adjusted EPS guidance.