earnings
confidence high
sentiment positive
materiality 0.85
Vertiv Q3 net sales up 19% to $2.07B, adj. EPS $0.76, raises full-year guidance
Vertiv Holdings Co
2024-Q3 EPS reported
$0.90
revenue$5,665,400,000
- Net sales $2,074M (+19% YoY); adj. operating margin 20.1% (+310 bps); adj. diluted EPS $0.76
- TTM organic orders up ~37%; driven by hyperscale/colocation and AI demand; pipeline grew sequentially
- Operating cash flow $375M; adjusted free cash flow $336M; net leverage 1.4x; liquidity $1.5B
- Raised FY2024 guidance: net sales $7,780-$7,830M, adj. EPS $2.66-$2.70, adj. FCF $975-$1,025M
- Q4 2024 guidance: net sales $2,115-$2,165M, adj. op. margin 20.2%-20.6%, adj. EPS $0.80-$0.84