nVent Electric PLC Q1 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Deane Michael Dray - RBC Capital Markets, LLC, Research Division - Analyst : Appreciate all the specifics around tax and your guidance for the year. That's really helpful in how you're going to offset it, so I appreciate that. The question I have starts with Enclosures. I just was interested given the margin strength there and the improvement, you talked about the stabilization of the new sites. And just maybe could you share with us exactly how that gets reflected in the margins when you talk about stabilization? What are you doing better and I trust that this is all sustainable.

Question: Deane Michael Dray - RBC Capital Markets, LLC, Research Division - Analyst : Good to hear. And then I couldn't help, but notice to maybe a little bit more of a spotlight on M&A prospects both in your remarks as well as Stacy's remarks on the capacity. And you also started off your new public company with having M&A as not a priority, you want to show you can grow what you own. But now having kind of established that, M&A seems to be coming back more as a priority. And maybe share with us what the pipeline looks like. And it seems to us that EFS is a prime candidate, just dropping in additional products into that portfolio is a terrific way to leverage the platform, and so maybe does -- is that consistent what you're looking at?