Vertiv Q2 net sales $1,734M (+24% YoY), raises FY guidance across all metrics

Vertiv Holdings Co

2023-Q2 EPS reported $0.35 revenue$3,255,200,000

Q2 net sales $1,734M (+24% YoY, organic +25%); adjusted op margin 14.5% (+860 bps YoY).
Operating cash flow $254M, adjusted free cash flow $227M; net leverage 3.1x, forecast ~2.3x year-end.
FY 2023 guidance raised: net sales $6,710-$6,910M (midpoint +$285M), adj FCF $525-$575M (midpoint +$200M).
Q3 adj diluted EPS guidance $0.41-$0.46; full-year adj EPS $1.54-$1.64.
Orders declined 3% ex-FX but book-to-bill 1.0x; CEO highlights AI as long-term tailwind.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vertiv Holdings Co reported second quarter ended June 30, 2023 results: revenue $1,734 million. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $1,734 million
Guidance: raised
Result: reported results

Exact text from the filing

Vertiv reported second quarter net sales of $1,734 million

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Source: SEC EDGAR

accession 0001628280-23-026549

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