---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-017513"
form_type: "8-K"
ticker: "VRT"
cik: "0001674101"
company_name: "Vertiv Holdings Co"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:42:36.429278+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vertiv Q1 net sales $1.64B (+8% YoY), organic orders up 60%; raises FY2024 guidance

## Summary
- First-quarter net sales of $1,639M, up 8% YoY; organic orders surged 60% and book-to-bill reached 1.5x.
- Adjusted operating profit of $249M (+42% YoY); adjusted operating margin expanded 370 bps to 15.2%.
- Repurchased $600M of shares (9.1M shares at ~$66/share) in Q1; net leverage 2.2x.
- Full-year 2024 guidance raised: net sales $7,540M-$7,690M (+12% midpoint), adjusted op. profit $1,325M-$1,375M.
- Q2 2024 guidance: net sales $1,900M-$1,950M, adjusted diluted EPS $0.53-$0.57.

## SEC filing metadata
- accession: 0001628280-24-017513
- form_type: 8-K
- ticker: VRT
- cik: 0001674101
- company_name: Vertiv Holdings Co
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674101/000162828024017513/0001628280-24-017513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674101/000162828024017513/vrt-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-017513
- JSON: https://secwatch.observer/filing/0001628280-24-017513.json
- Plain text: https://secwatch.observer/filing/0001628280-24-017513.txt

## Key facts
- Earnings Releases
  Vertiv Holdings Co reported the three months ended March 31, 2024 results: revenue net sales of $1,639 million. Guidance raised.
  - Period: the three months ended March 31, 2024
  - Revenue: net sales of $1,639 million
  - Guidance: raised
  - Result: reported results
  source text: to first quarter 2023, book-to-bill ratio 1.5x in first quarter 2024 and record high $6.3 billion backlog at the end of first quarter 2024 • First quarter 2024 net sales of $1,639 million, 8% higher than first quarter 2023 • First quarter 2024 operating profit of $203 million and adjusted operating profit (1) of $249 million, up 42% from first quarter 2023 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674101/000162828024017513/0001628280-24-017513-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.