Vertiv raises 2023 guidance, authorizes $3B buyback, increases dividend

Vertiv Holdings Co

Raises 2023 net sales guidance to $6,875M-$6,895M from $6,826M-$6,851M; organic growth now 21.9%-22.3%.
Adjusted EPS guidance raised to $1.72-$1.76 from $1.69-$1.73; adjusted operating margin forecast 15.0%-15.2%.
Board authorizes $3 billion share repurchase program through Dec 31, 2027.
Declares $0.025 per share quarterly dividend, payable Dec 27 to holders of record Dec 11.
Adjusted free cash flow guidance unchanged at $600M-$650M.

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