revenue growth
2–4 pct
Q2 2019
official guidance
YETI HOLDINGS, INC.
Last · —$40.51+1.17 (+2.97%)live · yahoo · 1h ago
Market cap$3.08B—
P/E · TTM18.5fwd — · eps —
Beta—vs S&P 500
Div yield—annual · TTM
52w range
——
Volume—session
| Revenue | $1.9B |
|---|---|
| Operating income | $106.0M |
| Net income | $81.2M |
| Free cash flow | $4.3M |
| Operating margin | 5.5% |
| Net margin | 4.2% |
| Return on equity | 13.3% |
| Period | TTM 2026-07-04 |
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OpenFilings analyst
Our analyst
Agentic read of the latest earnings call — recommendation updates when we process a new transcript. Research synthesis, not investment advice.
Strong BuyBuyHoldSellStrong Sell
Execution is improving, but volume and backlog evidence is not yet strong enough for a clean buy.
Hold: nVent delivered a solid Q1 with $538 million of sales, 3% organic growth, 17.9% return on sales up 50 bps, and $0.39 adjusted EPS, while maintaining FY2019 guidance for 2%-4% organic growth, 40-60 bps margin expansion, and $1.80-$1.90 adjusted EPS. The main issue is that EFS growth was entirely price-driven with flat volume, Thermal's long-cycle backlog declined, and Europe industrial demand slowed, leaving the recovery dependent on second-half capacity improvements and order conversion.
Themes
- Organic Growth
- Efs Capacity Recovery
- Thermal Backlog
- Enclosures Margin
- Inflation Pricing
- Tax Rate
Near term
EFS capacity and equipment investments are expected to come online in Q2-Q3, with productivity benefits expected mainly in the second half; the segment began the year with flat volume and a 50-basis-point year-over-year margin decline.
Thermal commercial activity improved after a slow start, but energy backlog was down and strong quoting activity has not yet converted into orders; management expects conversion in Q2-Q3.
Inflation remains heavy in Q2, while price plus productivity is expected to offset it; the higher tax rate creates an approximately $0.02 Q2 EPS headwind.
Enclosures should provide most of the company's 2019 margin expansion, although Q2 must overcome continued inflation.
Longer term
Enclosures has a credible operational improvement story: stabilization of new sites and factory execution drove a 180-basis-point margin expansion, with management indicating further year-over-year improvement.
The portfolio's end-user-focused fastening, grounding, bonding, and protection products support a differentiated, specification-oriented value proposition, but the call did not establish the durability of that advantage against competitors.
Bolt-on M&A is becoming a more active capital-allocation priority; execution discipline matters because management is simultaneously repairing EFS operations.
Free cash flow generation and a roughly 2x net-debt-to-EBITDA balance sheet support buybacks, dividends, and potential acquisitions, though capital allocation could shift toward M&A.
Red flags
EFS's reported 3% organic growth was entirely price, not volume, despite an easy comparison; management offered no quantified estimate of the earnings drag from operational inefficiencies.
Thermal energy backlog was down year over year, and management repeatedly characterized order conversion as timing-dependent and not fully within its control.
The company maintained guidance despite a higher 19%-20% tax-rate outlook, relying on buybacks and future mitigation to preserve EPS; proposed tax regulations were not finalized.
Industrial conditions in Europe were described as slow, while distributors cited caution related to tariffs, trade, and weather.
The claimed second-half EFS recovery remains unproven because key capacity investments were not yet fully operational.
Forward outlook
adjusted eps
0.42–0.46 $per share
Q2 2019
official guidance
revenue growth
2–4 pct
FY 2019
official guidance
operating margin
0.4–0.6 pct
FY 2019
official guidance
adjusted eps
1.8–1.9 $per share
FY 2019
official guidance
OpenFilings analyst view from primary-source filings and earnings calls — not investment advice.
Upcoming earnings
1:30 PM UTC+1
Period
Sep 2026
Est. EPS
$0.85
Est. revenue
523.1M
Earnings transcripts
Press & signals
- GlobeNewswire
YETI Unveils Long-Term Growth Strategy and Financial Framework at 2026 Investor Day
- GlobeNewswire
YETI Reports Second Quarter 2026 Results
Documents
FormReporting forFiledFlags