NVT · 10-K filed 17 Feb 2026 · year to 31 Dec 2025

nVent Electric

21 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Largest customer (unnamed)

earns from · approximately 11% of our consolidated net salesnamed as a risk

Our net sales to our largest customer represented approximately 11% of our consolidated net sales in 2025.Risk factors (Item 1A)

Also named by AEHR, AR, BF/B, BTU, CVLG, DLR, FDXF, FIX and 6 more

Data centers

earns fromnamed as a risk

Our revenue from major projects depends in part on the level of capital expenditures in some of our principal end markets, particularly in the infrastructure vertical, which includes our data centers and power utilities businesses.Risk factors (Item 1A)

Also named by AESI, AGX, BKR, BSM, CBRE, CEG, CMI, CNP and 26 more

Hyperscalers

earns from

Our solutions are primarily used by hyperscalers, utilities, original equipment manufacturers, panel builders and contractors.Business (Item 1)

Also named by CLS, CSCO, INTC, LUMN, OWL, SLB

Other companies

Electrical Products Group (Avail Infrastructure Solutions)

approximately $1.0 billion in cash

In 2025, we completed the acquisition of the enclosures, switchgear and bus systems businesses of Avail Infrastructure Solutions (the "Electrical Products Group") for approximately $1.0 billion in cash.Business (Item 1)

Tonka Bay Insurance Company

We insure certain general and product liability, property, workers' compensation and automobile liability risks through our regulated wholly-owned captive insurance subsidiary, Tonka Bay Insurance Company ("Tonka Bay").Business (Item 1)

Places

United States

earns from · approximately 24% of our net salesnamed as a risk

Sales outside of the U.S. for the year ended December 31, 2025 accounted for approximately 24% of our net sales.Risk factors (Item 1A)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

United Kingdom

subject tonamed as a risk

If we cease to be resident in the U.K. and become resident in another jurisdiction, we may be subject to U.K. exit charges, and could become liable for additional tax charges in the other jurisdiction (including dividend withholding taxes or corporate income tax charges).Risk factors (Item 1A)

Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more

Ireland

subject tonamed as a risk

As an Irish company, we are governed by the Companies Act 2014, which differs in some material respects from laws generally applicable to U.S. corporations and shareholders, including, among others, differences relating to interested director and officer transactions and shareholder lawsuits.Risk factors (Item 1A)

Also named by AAPL, ACN, ADI, AGX, BEN, CDNS, CELH, COR and 13 more

Hazards

Asbestos

named as a risk

We have been made parties to a number of actions filed or have been given notice of potential claims relating to the conduct of our business, including those pertaining to commercial disputes, product liability, asbestos, environmental, safety and health, patent infringement and employment matters.Risk factors (Item 1A)

Also named by AAP, APG, BLDR, CARR, JCI, PLD, RPM, TRV

Commodities and inputs

Euro

exposed to its price · $153.0 millionnamed as a risk

Fluctuations in foreign currency exchange rates, most notably the strengthening of the U.S. dollar against the euro, could have a material adverse effect on our reported revenue and income in future periods.Risk factors (Item 1A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Steel

exposed to its pricenamed as a risk

As a result of changes to U.S. and foreign government administrative policy, there may be changes to existing trade agreements, greater restrictions on free trade generally, the imposition of or significant increases in tariffs on goods imported into the U.S. particularly tariffs on steel, aluminum and copper and products manufactured in China, Canada and Mexico, and adverse responses by foreign governments to U.S. trade policies, among other possible changes.Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Copper

exposed to its pricenamed as a risk

We use a variety of raw materials in the production of our products including steel, copper, aluminum and paints.Risk factors (Item 1A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Aluminum

exposed to its pricenamed as a risk

Significant shortages in the availability of these materials or price increases could increase our operating costs and adversely impact the competitive positions of our products.Risk factors (Item 1A)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Electronic components

depends onnamed as a risk

We also purchase certain electronic components, electrical and packaging materials from a number of suppliers.Risk factors (Item 1A)

Also named by GGG, HUBB, JOUT, LECO, MSA, ROK, SNA, SYK and 4 more

Laws and programs

OECD Pillar II global minimum tax

subject to · global minimum tax of 15%named as a risk

For example, the Organization for Economic Co-operation and Development introduced an international tax framework under Pillar II (the "Pillar II framework") which includes a global minimum tax of 15%.Risk factors (Item 1A)

Also named by CL, MCO, RH, SSD

U.S. Tariffs

subject tonamed as a risk

Beginning in the second quarter of 2025, new tariffs were announced on imports to the U.S. (“U.S. Tariffs”), including additional tariffs on imports from China, Mexico and the European Union (“EU”), among others.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

U.S. Foreign Corrupt Practices Act

subject tonamed as a risk

Because many of our customers and end users are involved in infrastructure construction, they are often subject to increased scrutiny by regulators.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

Export controls (dual use products)

subject tonamed as a risk

Certain of the products we manufacture are “dual use” products, which are products that may have both civil and military applications, or may otherwise be involved in weapons proliferation, and are often subject to more stringent export controls.Risk factors (Item 1A)

Also named by ADI, DD, FLS, FTNT, HPE, MDB, PANW, Q and 1 more

International Emergency Economic Powers Act (IEEPA)

subject tonamed as a risk

This heightened enforcement paradigm, along with the ongoing litigation regarding tariffs imposed under the International Emergency Economic Powers Act (IEEPA) that was recently heard by the U.S. Supreme Court, have created additional uncertainty as to the scale and short and long-term effect these tariffs will have.Risk factors (Item 1A)

Also named by AEHR, AVY, BBW, DE, DHR, DLTR, HD, MLI

Corporate Sustainability Reporting Directive

subject tonamed as a risk

Further, concern over climate change has led to legislative and regulatory initiatives across various jurisdictions in which we operate related to disclosures and reporting, including for example the European Sustainability Reporting Standards and the Corporate Sustainability Reporting Directive.Risk factors (Item 1A)

Also named by ARCC, FLR, FLS, GTX, HSIC, JLL, SNA, SYY

Double Tax Convention between the U.K. and Ireland

subject tonamed as a risk

Our application under the Mutual Agreement Procedure provided for in Article 24 of the Convention (as amended pursuant to the MLI) seeking confirmation that we will continue to be tax resident solely in the U.K. was approved by the competent authorities of the U.K. and Ireland effective December 31, 2019.Risk factors (Item 1A)