Vertiv Q4 net sales $1.865B (+13% YoY); adj op profit +57%; FY24 guide strong

Vertiv Holdings Co

2023-FY EPS reported $1.19 revenue$6,863,200,000

Q4 net sales $1,865M (+13% YoY); organic orders +23%; record backlog $5.5B.
Q4 operating profit $285M; adjusted operating profit $330M (+57%); adj margin 17.7%.
Operating cash flow $356M; adj free cash flow $305M; net leverage 1.9x; credit upgraded to Ba3/BB.
FY2024 guidance: net sales growth ~10%; adj op profit $1,275-1,325M; adj EPS $2.20-2.26.
Acquired CoolTera in Q4; targeting AI-driven liquid cooling growth.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vertiv Holdings Co reported three months and year ended December 31, 2023 results: revenue $1,865 million.

Period: three months and year ended December 31, 2023
Revenue: $1,865 million
Result: reported results

Exact text from the filing

Q4 2023 EARNINGS RELEASE) --- Q4 2023 EARNINGS RELEASE Document Vertiv Reports Strong Fourth Quarter Results and Provides Full Year 2024 Outlook • Fourth quarter net sales of $1,865 million, 13% higher than the fourth quarter of 2022 • Fourth quarter organic orders up 23% from fourth quarter 2022. Record high $5.5 billion backlog at the end of fourth quarter 2023 •

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Source: SEC EDGAR

accession 0001628280-24-005765

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