nVent Electric PLC Q2 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 : Maybe we can start with the macro because it really looks as though the market on short cycle industrials has worsened here in the quarter and we've seen it from a number of your peers. And maybe we can start with how have your assumptions changed about the second half? You said you were encouraged in June and July orders, so some color there. And then specifically, just reconcile, Enclosures industrials facing headwinds, but Thermal industrial MRO doing better, just kind of make the distinction about which markets they are actually addressing? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. AUGUST 01, 2019 / 12:00PM, NVT.N - Q2 2019 nVent Electric PLC Earnings Call

Question: Deane Michael Dray - RBC Capital Markets, LLC, Research Division - Analyst : Yes. It really does. And then your comment about on Thermal seeing some project delays and push outs, that's all consistent with what Emerson has been saying too. So these are themes in the market right now. Can you flesh out the comments about some of the productivity initiatives for the second half? Are these actual restructuring? Will there be charges associated with it? And maybe just give us some thoughts there, please?