earnings
confidence high
sentiment positive
materiality 0.80
Vertiv Q2 net sales $1.95B +13% YoY; orders +57%; raises full-year guidance
Vertiv Holdings Co
2024-Q2 EPS reported
$0.44
revenue$3,591,900,000
- Q2 organic orders up 57% YoY; book-to-bill 1.4x; trailing 12-month orders +37%.
- Operating profit $336M (+63% YoY); adjusted operating profit $382M (+52%); adjusted margin 19.6%.
- Net cash from operations $378M; adjusted free cash flow $333M, up $106M YoY.
- Full-year 2024 guidance raised: net sales $7.59-7.74B; adj. operating profit $1.41-1.46B; adj. FCF $850-900M.
- Term loan repriced saving ~$13M/year; net leverage at 1.8x within target range.