Forward-looking Statements This report contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets," "plans," "believes," "expects," "intends," "will," "likely," "may," "anticipates," "estimates," "projects," "forecasts," "should," "would," "could," "positioned," "strategy," "future," "are confident," or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Among these factors are adverse effects on our business operations or financial results, including the overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including the Electrical Products Group acquisition; competition and pricing pressures in the markets we serve; impacts of tariffs; volatility in currency exchange rates, interest rates and commodity prices; inability to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices; inability to mitigate material and other cost inflation; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; increased risks associated with operating foreign businesses; risks associated with or arising from military conflicts; the ability to deliver backlog and win future project work; failure of markets to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S. tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission (the "SEC"), including this Quarterly Report on Form 10-Q and ITEM 1A. of our Annual Report on Form 10-K for the year ended December 31, 2025. All forward-looking statements speak only as of the date of this report. nVent Electric plc assumes no obligation, and disclaims any obligation, to update the information contained in this report. Overview The terms "us," "we," "our," "the Company" or "nVent" refer to nVent Electric plc. nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We connect and protect some of the world's most critical electrical systems to make them safer, more efficient and resilient. We design, manufacture, market, install and service high performance products and solutions that connect and protect mission critical equipment, buildings and essential processes. We have a comprehensive portfolio of cable management, control buildings, cooling solutions, both liquid and air, electrical connections, enclosures, equipment protection, power connections and power management solutions, and we are recognized globally for quality, reliability and innovation. We classify our operations into business segments based primarily on types of products offered and markets served. We operate across two segments: Systems Protection and Electrical Connections, which represented approximately 72% and 28% of total revenues during the first six months of 2026, respectively. •Systems Protection—The Systems Protection segment provides innovative solutions to help protect electronics, systems and data in mission critical applications, including data centers, that improve resiliency and energy efficiency. Our standard and custom protective enclosures, cooling solutions, both liquid and air, control buildings, switchgear systems and power distribution solutions help manage and protect operating environments for mission critical applications in infrastructure, industrial and commercial verticals. •Electrical Connections—The Electrical Connections segment provides innovative solutions that connect power and data infrastructure. Our offerings enhance end-user safety, reduce installation time and provide resiliency for critical systems. Our bus systems, cable management, electrical connections and solutions, and power connections help make electrical systems safe, efficient and resilient, and are used across commercial and residential, infrastructure and industrial verticals. On January 30, 2025, we completed the sale of our Thermal Management business to BCP VI Summit Holdings LP (as assignee of BCP Acquisitions LLC), an affiliate of funds managed by Brookfield Asset Management, for $1.6 billion in net cash proceeds, subject to certain customary purchase price adjustments. The results of the Thermal Management business have been presented as discontinued operations in our Condensed Consolidated Financial Statements for all periods presented. On May 1, 2025, we completed the acquisition of the enclosures, switchgear and bus systems businesses of Avail Infrastructure Solutions (the "Electrical Products Group") for approximately $1.0 billion. We funded the purchase price for the acquisition with available cash on hand. The Electrical Products Group is a leading provider of infrastructure solutions, designed to help 24 ensure safe and reliable electrical operations primarily in the infrastructure vertical, including power utilities and data centers. We operate the Electrical Products Group predominantly within our Systems Protection reporting segment. Key Trends and Uncertainties Regarding our Existing Business The following trends and uncertainties affected our financial performance in 2025 and the first six months of 2026 and will likely impact our results in the future: •During 2025 and the first six months of 2026, we experienced general inflationary increases, including the impacts related to tariffs, primarily related to raw materials, labor and transportation costs. We may experience increased supply chain challenges, inflationary cost increases and economic uncertainty due to the rapid changes in global trade policies. We have taken pricing actions, and may take additional pricing actions going forward, and implemented, and plan to continue to implement, supply chain optimization and other productivity improvements that have helped, and could continue to help, offset expected cost increases. The potential impact of inflationary increases, including impacts related to tariffs, remains uncertain, but we expect inflationary cost increases, including impacts related to tariffs, to continue throughout 2026 and beyond, which could negatively impact our results of operations. •The converging megatrends of the electrification of everything, sustainability and digitalization, including the increased use of artificial intelligence, have led to sales growth, particularly in the infrastructure vertical, which includes our data centers business that is primarily in our Systems Protection segment. We expect these megatrends to continue and drive sales growth throughout 2026 and beyond. •We have invested in innovation and new products, which has contributed to sales growth. We expect continued investment in new products to further drive sales growth throughout 2026 and beyond. In 2026, our operating objectives include the following: •Achieving differentiated revenue growth through focus on higher growth verticals, new products and innovation, global expansion and acquisitions; •Deploying capital strategically to drive growth and value creation; •Integrating recent acquisitions with our existing operations; •Driving operational excellence through lean and agile, with specific focus on our digital transformation and supply chain resiliency; •Optimizing our technological capabilities to increasingly generate innovative new and connected products and advance digital transformation; •Enhancing and supporting employee engagement, development and retention; and •Executing our sustainability strategy focused on People, Products, Planet and Governance. 25 CONSOLIDATED RESULTS OF OPERATIONS The consolidated results of operations for the three months ended June 30, 2026 and 2025 were as follows: Three months ended In millions June 30, 2026 June 30, 2025 $ change % / point change Net sales $ 1,471.3 $ 963.1 $ 508.2 52.8 % Cost of goods sold 913.3 591.3 322.0 54.5 % Gross profit 558.0 371.8 186.2 50.1 % % of net sales 37.9 % 38.6 % (0.7) pts Selling, general and administrative 232.8 196.0 36.8 18.8 % % of net sales 15.8 % 20.4 % (4.6) pts Research and development 24.5 19.1 5.4 28.3 % % of net sales 1.7 % 2.0 % (0.3) pts Operating income 300.7 156.7 144.0 91.9 % % of net sales 20.4 % 16.3 % 4.1 pts Net interest expense 17.4 17.6 (0.2) N.M. Other expense 1.3 1.1 0.2 N.M. Income from continuing operations before income taxes 282.0 138.0 144.0 104.3 % Provision for income taxes 66.2 31.3 34.9 111.5 % Effective tax rate 23.5 % 22.7 % 0.8 pts Net income from continuing operations 215.8 106.7 109.1 102.2 % Income from discontinued operations, net of tax 0.1 2.8 (2.7) N.M. Net income $ 215.9 $ 109.5 $ 106.4 97.2 % N.M. Not Meaningful 26 The consolidated results of operations for the six months ended June 30, 2026 and 2025 were as follows: Six months ended In millions June 30, 2026 June 30, 2025 $ change % / point change Net sales $ 2,713.3 $ 1,772.4 $ 940.9 53.1 % Cost of goods sold 1,709.7 1,086.9 622.8 57.3 % Gross profit 1,003.6 685.5 318.1 46.4 % % of net sales 37.0 % 38.7 % (1.7) pts Selling, general and administrative 460.0 362.2 97.8 27.0 % % of net sales 17.0 % 20.4 % (3.4) pts Research and development 47.2 36.6 10.6 29.0 % % of net sales 1.7 % 2.1 % (0.4) pts Operating income 496.4 286.7 209.7 73.1 % % of net sales 18.3 % 16.2 % 2.1 pts Net interest expense 34.9 35.0 (0.1) N.M. Other expense 2.6 2.2 0.4 N.M. Income from continuing operations before income taxes 458.9 249.5 209.4 83.9 % Provision for income taxes 102.7 55.8 46.9 84.1 % Effective tax rate 22.4 % 22.4 % — pts Net income from continuing operations 356.2 193.7 162.5 83.9 % Income from discontinued operations, net of tax 2.1 276.5 (274.4) N.M. Net income $ 358.3 $ 470.2 $ (111.9) (23.8) % N.M. - Not Meaningful 27 Net sales The components of the change in consolidated net sales from the prior period were as follows: Three months ended June 30, 2026 Six months ended June 30, 2026 over the prior year period over the prior year period Organic growth 46.9 % 41.2 % Acquisition 5.4 10.7 Currency 0.5 1.2 Total 52.8 % 53.1 % The 52.8 and 53.1 percent increases in net sales in the second quarter and first half of 2026 from 2025, respectively, were primarily the result of: •organic sales growth contribution of approximately 44.0% and 38.0% from our infrastructure business in the second quarter and first half of 2026 from 2025, respectively, and approximately 2.0% from our commercial & residential business in both the second quarter and first half of 2026 from 2025, which includes selective increases in selling prices and growth in the data centers business; and •sales of $51.6 million and $189.3 million in the second quarter and first half of 2026, respectively, as a result of the Electrical Products Group acquisition. Gross profit The 0.7 and 1.7 percentage point decreases in gross profit as a percentage of net sales in the second quarter and first half of 2026 from 2025, respectively, were primarily the result of: •inflationary increases, primarily related to raw materials and labor costs, compared to 2025; •unfavorable product mix; and •investments in capacity to drive growth. These decreases were partially offset by: •higher sales volume resulting in increased leverage on fixed expenses; and •increased productivity as a result of supply chain management and manufacturing efficiencies. Gross profit for the second quarter and first half of 2026 also benefited from approximately $25 million in reimbursements of tariffs previously remitted under the International Emergency Economic Powers Act ("IEEPA tariffs"), which were offset by other incremental tariffs compared to the prior year periods. Selling, general and administrative ("SG&A") The 4.6 and 3.4 percentage point decreases in SG&A expense as a percentage of net sales in the second quarter and first half of 2026 from 2025, respectively, were primarily the result of: •organic sales growth resulting in increased leverage on fixed expenses; and •savings generated from restructuring and other productivity initiatives. These decreases were partially offset by: •intangible amortization expense of $41.1 million and $82.2 million in the second quarter and first half of 2026, respectively, compared to $35.9 million and $64.1 million in the second quarter and first half of 2025, respectively, as a result of the Electrical Products Group acquisition; •inflationary increases impacting our labor costs, professional fees and other administrative costs; and •investments in capacity, new products and digital to drive growth. 28 Provision for income taxes The 0.8 percentage point increase in the effective tax rate in the second quarter of 2026 from 2025 was primarily the result of: • tax expense of $3.6 million in the second quarter of 2026 related to a foreign tax audit settlement; and •increased earnings in higher tax rate jurisdictions. Income from discontinued operations, net of tax Income from discontinued operations, net of tax, of $276.5 million in the first half of 2025 was primarily the result of: •the gain on the sale of the Thermal Management business, net of transaction costs, of $435.4 million, partially offset by tax expense recorded as a result of the sale of $158.5 million. SEGMENT RESULTS OF OPERATIONS The summary that follows provides a discussion of the results of operations of each of our two reportable segments (Systems Protection and Electrical Connections). Each of these segments comprises various product offerings that serve multiple end users. We evaluate performance based on net sales and reportable segment income ("segment income") and use a variety of ratios to measure performance of our reporting segments. Segment income represents operating income, which includes certain corporate overhead allocations, and is exclusive of intangible amortization, acquisition related costs, costs of restructuring activities, IEEPA tariff reimbursements, "mark-to-market" gain/loss for pension, impairments and other unusual non-operating items. Systems Protection The net sales, segment income and segment income as a percentage of net sales for Systems Protection were as follows: Three months ended Six months ended In millions June 30, 2026 June 30, 2025 % / point change June 30, 2026 June 30, 2025 % / point change Net sales $ 1,072.1 $ 632.0 69.6 % $ 1,966.9 $ 1,140.2 72.5 % Segment income 248.2 137.1 81.0 % 451.3 241.3 87.0 % % of net sales 23.2 % 21.7 % 1.5 pts 22.9 % 21.2 % 1.7 pts Net sales The components of the change in Systems Protection net sales from the prior period were as follows: Three months ended June 30, 2026 Six months ended June 30, 2026 over the prior year period over the prior year period Organic growth 62.0 % 56.7 % Acquisition 7.2 14.6 Currency 0.4 1.2 Total 69.6 % 72.5 % The 69.6 and 72.5 percent increases in Systems Protection net sales in the second quarter and first half of 2026 from 2025, respectively, were primarily the result of: •organic sales growth contribution of approximately 62.5% and 55.0% from our infrastructure business in the second quarter and first half of 2026 from 2025, respectively, which includes selective increases in selling prices and growth in the data centers business; and •sales of $45.2 million and $166.2 million in the second quarter and first half of 2026, respectively, as a result of the Electrical Products Group acquisition. Segment income The 1.5 and 1.7 percentage point increases in segment income for Systems Protection as a percentage of net sales in the second quarter and first half of 2026 from 2025, respectively, were primarily the result of: •organic sales growth resulting in increased leverage on fixed expenses; and •increased productivity as a result of supply chain management and manufacturing efficiencies. 29 These increases were partially offset by: •inflationary increases, including the impacts related to tariffs, primarily related to labor costs and raw materials, compared to 2025; •unfavorable product mix; and •investments in capacity, new products and digital to drive growth. Electrical Connections The net sales, segment income and segment income as a percentage of net sales for Electrical Connections were as follows: Three months ended Six months ended In millions June 30, 2026 June 30, 2025 % / point change June 30, 2026 June 30, 2025 % / point change Net sales $ 399.2 $ 331.1 20.6 % $ 746.4 $ 632.2 18.1 % Segment income 108.8 94.9 14.6 % 193.6 180.0 7.6 % % of net sales 27.3 % 28.7 % (1.4) pts 25.9 % 28.5 % (2.6) pts Net sales The components of the change in Electrical Connections net sales from the prior period were as follows: Three months ended June 30, 2026 Six months ended June 30, 2026 over the prior year period over the prior year period Organic growth 17.9 % 13.1 % Acquisition 1.9 3.7 Currency 0.8 1.3 Total 20.6 % 18.1 % The 20.6 and 18.1 percent increases in Electrical Connections net sales in the second quarter and first half of 2026 from 2025, respectively, were primarily the result of: •organic sales growth contribution of approximately 8.5% and 7.0% from our infrastructure business in the second quarter and first half of 2026 from 2025, respectively; approximately 6.5% and 4.0% from our commercial & residential business in the second quarter and first half of 2026 from 2025, respectively; and approximately 3.0% and 2.0% from our industrial business in the second quarter and first half of 2026 from 2025, respectively. •sales of $6.4 million and $23.1 million in the second quarter and first half of 2026, respectively, as a result of the Electrical Products Group acquisition. Segment income The 1.4 and 2.6 percentage point decreases in segment income for Electrical Connections as a percentage of net sales in the second quarter and first half of 2026 from 2025, respectively, were primarily the result of: •inflationary increases, including the impacts related to tariffs, primarily related to raw materials and labor costs, compared to 2025; •investments in digital, selling and marketing to drive growth; and •unfavorable product mix. These decreases were partially offset by: •organic sales growth resulting in increased leverage on fixed expenses. 30 LIQUIDITY AND CAPITAL RESOURCES The primary source of liquidity for our business is cash flows provided by operations. We expect to continue to have cash requirements to support working capital needs and capital expenditures, to pay interest and service debt and to pay dividends to shareholders quarterly. We believe we have the ability and sufficient capacity to meet these cash requirements by using available cash, internally generated funds and borrowing under committed credit facilities. We are focused on increasing our cash flow, while continuing to fund our research and development, sales and marketing and capital investment initiatives. Our intent is to maintain investment grade metrics and a solid liquidity position. As of June 30, 2026, we had $256.0 million of cash on hand, of which $79.6 million is held in certain countries in which the ability to repatriate is limited due to local regulations or significant potential tax consequences. We experience seasonal cash flows primarily due to increased demand for Electrical Connections products during the spring and summer months in the Northern Hemisphere. Operating activities Net cash provided by operating activities from continuing operations was $278.7 million in the first six months of 2026, which primarily reflects net income, net of non-cash depreciation, amortization and changes in deferred taxes, of $474.0 million, partially offset by a $219.7 million increase in net working capital. The increase in working capital is primarily attributed to accounts receivable driven by the overall increase and timing of sales. Net cash provided by operating activities from continuing operations was $154.9 million in the first six months of 2025, which primarily reflects net income, net of non-cash depreciation, amortization and changes in deferred taxes, of $288.0 million, partially offset by a $154.6 million increase in net working capital. Investing activities Net cash used for investing activities from continuing operations of $57.6 million in the first six months of 2026 relates to capital expenditures. Net cash used for investing activities from continuing operations of $1,008.0 million in the first six months of 2025 relates primarily to cash paid for the Electrical Products Group acquisition of $975.4 million and capital expenditures of $38.0 million. Net cash provided by investing activities from discontinued operations of $1,584.6 million in the first six months of 2025 primarily relates to the proceeds from the sale of the Thermal Management business, net of transaction costs and cash transferred. Financing activities Net cash used for financing activities from continuing operations of $196.5 million in the first six months of 2026 relates primarily to repayments of long-term debt of $68.3 million, dividends paid of $68.2 million and share repurchases of $50.4 million. Net cash used for financing activities from continuing operations of $714.0 million in the first six months of 2025 relates primarily to repayments of long-term debt of $866.3 million, share repurchases of $253.1 million and dividends paid of $65.7 million, partially offset by proceeds from long-term debt of $275.0 million and net receipts of revolving credit facility of $200.0 million. Senior notes In March 2018, nVent Finance S.à r.l. (“nVent Finance”), a 100-percent owned subsidiary of nVent, issued $500.0 million aggregate principal amount of 4.550% senior notes due 2028 (the "2028 Notes"). In November 2021, nVent Finance issued $300.0 million aggregate principal amount of 2.750% senior notes due 2031 (the "2031 Notes"). In May 2023, nVent Finance issued $500.0 million aggregate principal amount of 5.650% Senior Notes due 2033 (the "2033 Notes" and, collectively with the 2028 Notes and the 2031 Notes, the "Notes"). Interest on the 2028 Notes is payable semi-annually in arrears on April 15 and October 15 of each year, and interest on the 2031 Notes and 2033 Notes is payable semi-annually in arrears on May 15 and November 15 of each year. In February 2026, we entered into a supplemental indenture to the indenture governing the Notes as a result of which nVent Electric plc and Hoffman Schroff Holdings, Inc. fully and unconditionally and jointly and severally guarantee the Notes of nVent Finance (together with nVent Electric plc and Hoffman Schroff Holdings, Inc., the "Obligor Group"). nVent Electric plc is a holding company that has no independent assets or operations unrelated to its investments in consolidated subsidiaries. nVent Finance is a holding company that has no independent assets or operations unrelated to its investments in consolidated 31 subsidiaries and the issuance of the Notes and other external debt. Hoffman Schroff Holdings, Inc. is a United States holding company and a 100 percent-owned indirect subsidiary of nVent Electric plc that has no independent assets or operations unrelated to its investments in consolidated subsidiaries and the guarantees of the Notes and other external debt. nVent Electric plc’s principal source of cash flow, including cash flow to make payments on the Notes pursuant to the guarantees, is dividends from its subsidiaries. nVent Finance's principal source of cash flow, including to make payments on the Notes, is interest income from its subsidiaries. Hoffman Schroff Holdings, Inc.'s principal source of cash flow, including to make payments on the Notes pursuant to the guarantees, is interest income from its subsidiaries. None of the other subsidiaries of any of the Obligor Group are under any direct obligation to pay or otherwise fund amounts due on the Notes or the guarantees, whether in the form of dividends, distributions, loans or other payments. In addition, there may be statutory and regulatory limitations on the payment of dividends from certain subsidiaries of the Obligor Group. If such subsidiaries are unable to transfer funds to the Obligor Group and sufficient cash or liquidity is not otherwise available, the Obligor Group may not be able to make principal and interest payments on their outstanding debt, including the Notes or the guarantees. The Notes constitute general unsecured senior obligations of nVent Finance and rank equally in right of payment with all existing and future unsubordinated and unsecured indebtedness and liabilities of nVent Finance. The guarantees of the Notes by nVent Electric plc and Hoffman Schroff Holdings, Inc. constitute general unsecured obligations and rank equally in right of payment with all existing and future unsubordinated and unsecured indebtedness and liabilities of nVent Finance. Subject to certain qualifications and exceptions, the indenture pursuant to which the Notes were issued contains covenants that, among other things, restrict nVent Electric plc's, Hoffman Schroff Holdings, Inc.'s, nVent Finance’s and certain subsidiaries’ ability to merge or consolidate with another person, create liens or engage in sale and lease-back transactions. There are no significant restrictions on the ability of nVent Electric plc to obtain funds from its subsidiaries by dividend or loan. None of the assets of nVent Electric plc or its subsidiaries represents restricted net assets pursuant to the guidelines established by the Securities and Exchange Commission. The following table presents summarized financial information as of June 30, 2026 for the Obligor Group on a combined basis after elimination of (i) intercompany transactions and balances among the guarantors and issuer and (ii) equity in earnings from and investments in any subsidiary that is a non-guarantor or issuer. In millions June 30, 2026 Current assets(1) $ 7.8 Noncurrent assets(2) 1,599.9 Current liabilities 58.7 Noncurrent liabilities(3) 1,510.8 (1) Includes assets due from non-guarantor subsidiaries of $0.8 million. (2) Includes assets due from non-guarantor subsidiaries of $1,592.1 million. (3) Includes liabilities due to non-guarantor subsidiaries of $20.7 million. The Obligor Group does not have material results of operations on a combined basis. Senior credit facilities In June 2025, nVent and its subsidiaries nVent Finance and Hoffman Schroff Holdings, Inc. entered into an amended and restated credit agreement (the "Credit Agreement") with a syndicate of banks providing for a five-year $275.0 million senior unsecured term loan facility (the "Term Loan Facility") and a five-year $600.0 million senior unsecured revolving credit facility (the "Revolving Credit Facility" and, together with the Term Loan Facility, the "Senior Credit Facilities"). Borrowings under the Revolving Credit Facility are permitted from time to time during the full five-year term of the Revolving Credit Facility. nVent Finance has the option to request to increase the Revolving Credit Facility in an aggregate amount of up to $300.0 million, subject to customary conditions, including the commitment of the participating lenders. As of June 30, 2026, the borrowing capacity under the Revolving Credit Facility was $600.0 million. Borrowings under the Senior Credit Facilities bear interest at a rate equal to an adjusted base rate, the Term Secured Overnight Financing Rate ("SOFR"), Euro Interbank Offer Rate (“EURIBOR”), Sterling Overnight Index Average (“SONIA”) or, solely for swingline loans denominated in Euros, the Euro Short Term Rate ("ESTR"), plus, in each case, an applicable margin. The applicable margin will be based on, at nVent Finance’s election, nVent's net leverage ratio or public debt rating. Our debt agreements contain certain financial covenants, the most restrictive of which are in the Senior Credit Facilities, including that we may not permit (i) the ratio of our consolidated debt (net of our consolidated unrestricted cash in excess of 32 $5.0 million but not to exceed $250.0 million) to our consolidated net income (excluding, among other things, non-cash gains and losses) before interest, taxes, depreciation, amortization and non-cash share-based compensation expense ("EBITDA") on the last day of any period of four consecutive fiscal quarters (each a "testing period") to exceed 3.75 to 1.00 (or, at nVent Finance's election and subject to certain conditions, 4.25 to 1.00 for four testing periods in connection with certain material acquisitions) and (ii) the ratio of our EBITDA to our consolidated interest expense for the same period to be less than 3.00 to 1.00. In addition, subject to certain qualifications and exceptions, the Senior Credit Facilities also contain covenants that, among other things, restrict our ability to create liens, merge or consolidate with another person, make acquisitions and incur subsidiary debt. As of June 30, 2026, we were in compliance with all financial covenants in our debt agreements, and there is no material uncertainty about our ongoing ability to meet those covenants. Share repurchases On May 17, 2024, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $500.0 million (the "2024 Authorization"). The 2024 Authorization began on July 23, 2024 and expires on July 22, 2027. During the six months ended June 30, 2026, we repurchased 0.4 million of our ordinary shares for $50.4 million under the 2024 Authorization. During the six months ended June 30, 2025, we repurchased 4.8 million of our ordinary shares for $253.1 million under the 2024 Authorization. As of June 30, 2026, we had $96.5 million available for share repurchases under the 2024 Authorization. On May 16, 2026, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $500.0 million (the "2026 Authorization"). The 2026 Authorization began on July 23, 2026 and expires on July 22, 2029. Dividends During the six months ended June 30, 2026, we paid dividends of $68.2 million, or $0.42 per ordinary share. During the six months ended June 30, 2025, we paid dividends of $65.7 million, or $0.40 per ordinary share. On May 16, 2026, the Board of Directors declared a quarterly cash dividend of $0.21 per ordinary share that will be paid on August 7, 2026, to shareholders of record at the close of business on July 24, 2026. The balance of dividends payable included in Other current liabilities on our Condensed Consolidated Balance Sheets was $34.3 million and $34.6 million at June 30, 2026 and December 31, 2025, respectively. Other financial measures In addition to measuring our cash flow generation or usage based upon operating, investing and financing classifications included in the Condensed Consolidated Statements of Cash Flows, we also measure our free cash flow. Free cash flow is a non-GAAP financial measure that we use to assess our cash flow performance. We believe free cash flow is an important measure of liquidity because it provides us and our investors a measurement of cash generated from operations that is available to pay dividends, make acquisitions, repay debt and repurchase shares. In addition, free cash flow is used as a criterion to measure and pay annual incentive compensation. Our measure of free cash flow may not be comparable to similarly titled measures reported by other companies. The following table is a reconciliation of free cash flow: Six months ended In millions June 30, 2026 June 30, 2025 Net cash provided by (used for) operating activities of continuing operations $ 278.7 $ 154.9 Capital expenditures (57.6) (38.0) Proceeds from sale of property and equipment — 1.6 Free cash flow of continuing operations $ 221.1 $ 118.5 CRITICAL ACCOUNTING ESTIMATES We have adopted various accounting policies to prepare the consolidated financial statements in accordance with GAAP. Certain of our accounting policies require the application of significant judgment by management in selecting the appropriate assumptions for calculating financial estimates. In our 2025 Annual Report on Form 10-K, we identified the critical accounting policies which affect our more significant estimates and assumptions used in preparing our consolidated financial statements. There have been no material changes to our critical accounting policies and estimates from those previously disclosed in our 2025 Annual Report on Form 10-K for the year ended December 31, 2025. 33