secwatch.observer — SEC 8-K summary
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Issuer:     Vertiv Holdings Co (VRT)
CIK:        0001674101
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001628280-23-004432
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertiv Q4 net sales $1,655M (+17% YoY); record backlog $4.8B; raises 2023 adj. op. profit guidance to $750-800M
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- Q4 2022 net sales $1,655M (+17.3% YoY); organic growth 22%; operating profit $162M vs. loss of $4M a year ago.
- Adjusted operating profit $211M (+$117M YoY); price realization $135M; net price-cost tailwind $80M in Q4.
- Record backlog $4.8B (+49% YoY); orders adjusted for FX declined 15% YoY but up 7% sequentially.
- FY 2023 guidance: net sales $6,450-6,600M (15% organic growth); adj. op. profit $750-800M (up ~76% at midpoint).
- Q1 2023 guidance: net sales $1,350-1,450M; adj. op. profit $115-135M; adj. free cash flow ($100M)-($50M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674101/000162828023004432/0001628280-23-004432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674101/000162828023004432/vrt-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-004432

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer