nVent Electric PLC at Wolfe Research Global Transportation & Industrials Conference (Virtual) Transcript

May 25, 2022 / 01:10PM GMT
Nigel Edward Coe - Wolfe Research, LLC - MD & Senior Research Analyst

Good morning. We'll get the industrial track running here at the Wolfe Conference -- Wolfe Industrials and Transport Conference Day 2. We're going to kick off with nVent, and we're very pleased to have Beth Wozniak, CEO; and Sara Zawoyski, CFO of nVent.

So Beth is going to provide some prepared remarks, and then we'll get into Q&A. So Beth, over to you.

Beth A. Wozniak - nVent Electric plc - CEO & Director

All right. Thank you. So I just wanted to do a little introduction to nVent, and we're about a $2.5 billion company. You can see last year, we grew 23%, rebounding from the COVID year. Our nice performance in terms of our return on sales at just under 18%, and we grew our adjusted EPS 31%. So a very strong year, strong free cash flow conversion.

What we do is we protect and connect. We have 3 segments, most of our business within North America. So plenty of opportunity for us to grow globally. And as I -- as we talked about on our earnings call, our first

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