secwatch.observer — SEC 8-K summary
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Issuer:     Vertiv Holdings Co (VRT)
CIK:        0001674101
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001628280-23-013042
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertiv Q1 adj. operating profit $176M, up $163M YoY; raises FY2023 adj. op. profit guidance to $800M
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- Net sales $1,521M (+32% YoY); organic net sales growth 35%.
- Operating profit $130M; adjusted operating profit $176M, up $163M YoY, above guidance high-end by $41M.
- Operating cash flow $42M (up $174M YoY); adjusted free cash flow $25M (up $175M).
- Full year 2023 adj. operating profit guidance raised to $800M midpoint (up 82% vs 2022); Q2 adj. op. profit guidance $180-200M.
- Orders normalized with book-to-bill 1.0x; backlog at record levels; demand resilient with AI investment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674101/000162828023013042/0001628280-23-013042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674101/000162828023013042/vrt-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-013042

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