secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vertiv Holdings Co (VRT)
CIK:        0001674101
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001628280-24-032675
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertiv Q2 net sales $1.95B +13% YoY; orders +57%; raises full-year guidance
---------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674101/000162828024032675/0001628280-24-032675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674101/000162828024032675/vrt-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032675

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