secwatch.observer — SEC 8-K summary
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Issuer:     Vertiv Holdings Co (VRT)
CIK:        0001674101
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001628280-24-017513
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674101/000162828024017513/0001628280-24-017513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674101/000162828024017513/vrt-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-017513

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