secwatch.observer — SEC 8-K summary
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Issuer:     Vertiv Holdings Co (VRT)
CIK:        0001674101
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001628280-23-035032
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertiv Q3 net sales $1.74B (+18% YoY); adjusted op profit beats high-end guidance by $36M; raises full-year outlook
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- Q3 net sales $1,743M, up 18% YoY (17% organic); orders up 11% ex-FX; backlog record $5.0B.
- Adjusted operating profit $296M ($36M above guidance top); adjusted operating margin 17.0%, up 790 bps YoY.
- Operating cash flow $249M; adjusted free cash flow $221M (+$242M YoY); net leverage 2.4x, forecasted ~2.1x year-end.
- FY2023 guidance raised: adjusted op profit $1,020M-$1,030M; adjusted free cash flow $600M-$650M; adjusted EPS $1.69-$1.73.
- CEO cites robust data center demand and AI infrastructure build as growth drivers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674101/000162828023035032/0001628280-23-035032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674101/000162828023035032/vrt-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035032

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