Vertiv Holdings Co

VRT

Equity

ISIN US92537N1081 / Valor 52408119

New York Stock Exchange, Inc (2024-11-20)

USD 137.54-2.41%

Vertiv Holdings Co
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About company

Vertiv Holdings Co is a provider of critical infrastructure technologies and customized solutions to meet specific business requirements. The company works with reseller partners who are trained to specify, sell, and support IT and infrastructure solutions with Vertiv products. Vertiv's offerings include uninterruptible power supply (UPS) systems and other technologies aimed at ensuring the reliability and efficiency of IT applications. The company has expertise in updating existing installations and helping customers qualify for programs that contribute to the stability of the national grid.

Summarized from source with an LLMView SourceSector: Technology

Net Sales Growth

Vertiv Holdings Co reported net sales of $1,953 million for the second quarter of 2024, marking a 13% increase compared to the same quarter in 2023. This growth reflects a strong market demand and effective sales strategies.

Operating Profit Increase

In the second quarter of 2024, Vertiv Holdings Co achieved an operating profit of $336 million, which is a 63% increase from the second quarter of 2023. The adjusted operating profit was $382 million, up 52% from the previous year.

Order Growth

Vertiv Holdings Co saw a significant 57% increase in organic orders in the second quarter of 2024 compared to the same period in 2023. The book-to-bill ratio was 1.4x, indicating strong future sales potential.

Adjusted Free Cash Flow

For the second quarter of 2024, Vertiv Holdings Co reported an adjusted free cash flow of $333 million, an increase of $106 million from the second quarter of 2023. This improvement was driven by higher adjusted operating profit and better working capital management.

Updated Full Year Guidance

Vertiv Holdings Co has raised its full-year 2024 guidance, now expecting net sales to be between $7,590 million and $7,740 million. The company also anticipates an adjusted operating profit of $1,410 million to $1,460 million, reflecting strong operational execution and market demand.

Summarized from source with an LLMView Source

Key figures

209%1Y

410%3Y

1,243%5Y

Performance

53.6%1Y

63.6%3Y

58.0%5Y

Volatility