nVent delivered an encouraging QQ1 2025, with revenue of $809.3 million, up 11% year-over-year and 7.6% quarter-over-quarter. Organic sales rose 2%, aided by Data Solutions and Power Utilities, while acquisitions contributed roughly 10 percentage points to top-line growth, led by Trachte and Avail Electrical Products Group (EPG). Backlog expanded in double digits sequentially, signaling visibility into the balance of the year. Adjusted operating income rose 4% YoY, with a return on sales of approximately 20%, and adjusted earnings per share (EPS) climbed 10% to $0.67, at the high end of guidance. Free cash flow increased 32% YoY to $44 million. The company closed the Thermal Management divestiture and completed the Avail EPG acquisition, strengthening the portfolio toward higher-growth electrical infrastructure end-markets. Management raised full-year guidance for sales growth to 19-21% and adjusted EPS to $3.03-$3.13, incorporating tariff headwinds (~$120 million) and the accretion from Avail EPG (approximately $0.05 per share). Second-quarter guidance calls for 22%-24% reported sales growth and $0.77-$0.79 in adjusted EPS, with organic growth of 4%-6% and ongoing tariff mitigation through pricing, productivity and supply-chain actions. The balance sheet remains robust with cash of $1.343 billion and net debt of ~$0.42 billion, supporting strategic M&A and shareholder returns.