secwatch.observer — SEC 8-K summary
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Issuer:     Vertiv Holdings Co (VRT)
CIK:        0001674101
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001628280-24-005765
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674101/000162828024005765/0001628280-24-005765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674101/000162828024005765/vrt-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-005765

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