nVent Electric (NVT) delivered a strong start to 2024 in QQ1, with total revenue of $874.6 million, up 18% year over year and 5% organically. The growth was driven by a combination of volume, price, and acquisitions, with acquisitions contributing $98 million in sales and adding 13 percentage points to growth. Organic growth was broad-based across regions, led by North America and Asia Pacific, while Europe remained a bit more cautious. The Data Solutions/Data Center segment, anchored by liquid cooling capabilities, emerged as a key growth engine, supported by capacity expansion and strategic positioning in AI-driven data-center infrastructure. Management raised full-year guidance, signaling confidence in continued demand from electrification, sustainability, and digitalization trends. At the same time, EFS margin was modestly pressured by ECM-related dilution and capacity investments, while Thermal Management benefited from favorable mix and ongoing backlog strength, particularly in energy transition projects. Balance sheet and cash flow remained robust, with robust free cash flow generation, a net debt to adjusted EBITDA ratio of 1.9x, and a quarterly dividend raise. This synthesis assesses the implications for investors, including the growth cadence in data-centric end markets, the profitability trajectory amid capacity expansion, and the capital allocation framework amid M&A activity and ESG commitments.