Erico

Erico Market Overview

Grips Intelligence in-store data tracked across Menards and Ace Hardware from January 1 to September 30, 2026 shows Erico, a brand owned by nVent Electric plc (NYSE: NVT), concentrating its sales in a narrow two-retailer footprint. Menards accounts for 66.1% of year-to-date revenue, with Ace Hardware contributing the remaining 33.6%, leaving the brand heavily dependent on a single partner. Momentum weakened over the third quarter, with revenue falling 38.2% month-over-month and 41.1% across the July–September window. Pricing, by contrast, held firm, with the average product price reaching $16.70 in the latest month, up 1.3% sequentially and 0.5% over the quarter, against a year-to-date average of $15.74. The combination of resilient pricing and sharply lower revenue points to a volume-driven decline rather than discounting pressure.