Well, here's what I would say — the portfolio was pointed at infrastructure on purpose: 12% of sales at the 2018 spin-off, about 45% last year, 55.8% this quarter, up 118.9% year-over-year. We got there through organic investment and M&A — divested Thermal Management in 2025 for about $1.6 billion, acquired ECM, Trachte, and Electrical Products Group. Data centers is the primary growth driver in Systems Protection; power utilities is next on grid-capacity demand. The infrastructure figure aggregates both — we don't break out a clean data

Well, here's what I would say — the quarter ended March came in at $1.24 billion, up 53% year-over-year and 34% organic, third straight quarter above a billion. Systems Protection hit $895 million, up 76% with infrastructure more than doubling on data-center demand, segment return

Well, here's what I would say — our disclosed liquid‑cooling scope centers on coolant distribution units, cooling solutions in both liquid and air, and enclosures with integrated cooling. Management also referenced roadmaps for the next generation of coolant‑distribution units out to 2030 developed with some chip manufacturers. I’ll leave it there — that's probably good color.

Well, here's what I would say — in FY2025, one customer in our Systems Protection segment represented approximately 11% of consolidated net sales; no other customer was above 10%. We don't name them — that's industry standard. The concentration sits atop a diversified base: hyperscalers, neoclouds, multi-tenants, utilities, OEMs, panel builders, contractors, and through distribution where we may not see the final destination. We're also on CDU roadmaps with chip manufacturers out to 2030. I'll leave it there.

Well, here's what I would say — our quarter ended March 2026 delivered net sales of $1,242 million, up 53% year‑over‑year and 34% organically, the third straight quarter above $1 billion. Acquisitions added $138 million and foreign‑exchange gave a two‑point tailwind. Return on sales held at 20%, price and productivity offset nearly $60 million of inflation, including roughly $40 million of tariff impact, and free cash flow rose 21% year‑over‑year, with all metrics beating guidance.

Well, here's what I would say — the quarter ended March delivered $1.24 billion, up 53% year-over-year and 34% organically, our third consecutive quarter above a billion. Acquisitions contributed $138 million and foreign exchange a two-point tailwind. Return on sales was 20%, flat, as price and productivity offset nearly $60 million of inflation, including about $40 million from tariffs. Free cash flow grew 21% and every metric beat guidance. I'll leave it there.

Well, here's what I would say — the quarter ended March delivered $1.24 billion in net sales, up 53% year-over-year and 34% organically, our third consecutive quarter above $1 billion. Systems Protection reached $895 million, up 76% with infrastructure more than doubling on data-center strength, segment return on sales up 220 basis points to 22.7%. Price and productivity actions offset nearly $60 million of inflation including roughly $40 million of tariff impact. Free cash flow grew 21% and all metrics exceeded guidance. I'll leave it there.

Well, here's what I would say — nVent's quarter ended March 2026 delivered net sales of $1,242 million, up 53% year‑over‑year and 34% organically, the third consecutive quarter above $1 billion. Acquisitions added $138 million and foreign‑exchange was a two‑point tailwind. Return on sales was 20% and free cash flow grew 21% year‑over‑year, with all metrics exceeding the company's guidance.

Well, here's what I would say — in FY2025, one customer within our Systems Protection segment represented approximately 11% of consolidated net sales; no other customer accounted for more than 10%. We don’t disclose the identity – that’s an industry‑standard non‑disclosure. Management notes we win with a wide range of customers—from hyperscalers to utilities, OEMs, panel builders and contractors—and through distribution partners, so we may not always know a product’s final destination. I’ll leave it there.

Well, here's what I would say — the quarter ended March came in at $1.24 billion, up 53% year-over-year, 34% organic, our third straight quarter above a billion. Systems Protection hit $895 million, up 76% with infrastructure more than doubling on data-center demand, segment return on sales up 220 basis points to 22.7%. Electrical Connections was $347 million, up 15%, margin down 390 basis points to 24.4% on copper inflation — we took pricing actions and expect improvement through the year. Free cash flow grew 21%. All metrics exceeded guidance. I'll leave it there.

Well, here's what I would say — in FY2025, one customer in our Systems Protection segment represented approximately 11% of consolidated net sales; no other customer was above 10%. We don't name that customer — that's how our industry works. The exposure sits on top of diversified mid-tier relationships across hyperscalers, neoclouds, multi-tenants, utilities, OEMs, and through distribution, where we may not always see the final destination. I'll leave it there.

Well, here's what I would say — our disclosed liquid-cooling scope centers on coolant distribution units, cooling solutions in both liquid and air, and enclosures with integrated cooling. Management referenced roadmaps for next CDU generations out to 2030 developed with some chip manufacturers. The finer product breakdown — cold-plate, rear-door heat exchanger, immersion — isn't separately enumerated at the filing level. We compete alongside Vertiv, Eaton, Modine, Schneider, Stulz, not as a sole source. I'll leave it there — that's probably good color.

Well, here's what I would say — infrastructure was 12% of sales at the 2018 spin-off, about 45% last year, and 55.8% this quarter, up 118.9% year-over-year. The shift came through organic investment and M&A — divested Thermal Management in 2025 for about $1.6 billion, acquired ECM, Trachte, and Electrical Products Group. Data centers drives Systems Protection growth; power utilities next on grid-capacity demand. We don't break out a standalone data-center revenue line — it's aggregated in infrastructure. I'll leave it there.

Well, here's what I would say — organic orders ran up about 40% year-over-year in the quarter ended March, primarily the AI data center build-out. Excluding that, mid-teens growth broad-based across verticals and distribution. Backlog grew low double digits sequentially to $2.6 billion, most beyond twelve months, giving visibility into 2027. Data-center orders can be lumpy month to month — the pace isn't smooth. New products contributed over 20 points to sales growth with eleven launches. Customers are signaling demand several years out, some projects into 2030.