Welcome to our dedicated page for Vertiv Holdings news (Ticker: VRT), a resource for investors and traders seeking the latest updates and insights on Vertiv Holdings stock.
Vertiv Holdings Co reports developments in critical digital infrastructure for data centers, communication networks, and commercial and industrial facilities. Its recurring news covers power, cooling, IT infrastructure, software, analytics, and services that support continuous operation from cloud environments to the edge of the network.
Company updates commonly address demand tied to AI and high-density computing, liquid-cooling and chilled-water thermal management, battery energy storage and grid-interactive data center infrastructure, manufacturing capacity, and completed acquisitions such as Strategic Thermal Labs and BMarko Structures. Vertiv also reports earnings, guidance, dividends, supply chain and procurement leadership, and customer or technology collaborations across its global operations.
Vertiv (NYSE: VRT), a global provider of critical digital infrastructure solutions, has announced its participation in the 10th Annual TD Cowen Communications Infrastructure Summit in Boulder, Colorado. CEO Giordano Albertazzi and VP Global Strategic Accounts Scott Armul will engage in a fireside chat on August 13, 2024, at 2:55 p.m. Mountain time.
The event will be livestreamed on Vertiv's Investor Relations website, with presentation materials available. A recording will be accessible for 30 days following the webcast. This participation underscores Vertiv's commitment to engaging with industry leaders and investors in the communications infrastructure sector.
Vertiv (NYSE: VRT) has launched the Vertiv™ MegaMod™ CoolChip, a prefabricated modular data center solution designed to accelerate the deployment of AI compute infrastructure. This innovative solution integrates high-density liquid cooling and can reduce deployment time by up to 50% compared to onsite builds. Key features include:
- Support for high-density compute from leading AI providers
- Advanced liquid cooling infrastructure
- High-efficiency power protection and distribution
- Modular assembly for flexible deployment
- Single-source accountability for streamlined processes
The MegaMod CoolChip is available globally and can be used for both retrofitting existing facilities and new freestanding data centers, supporting up to hundreds of kilowatts per row and multiple megawatts with prefabricated units.
Vertiv Holdings Co (NYSE: VRT) reported strong financial results for Q2 2024, with 57% organic orders growth and 13% net sales growth to $1,953 million. The company saw a 63% increase in operating profit to $336 million and a 52% rise in adjusted operating profit to $382 million. Adjusted operating margin expanded by 510 basis points to 19.6%.
Vertiv raised its full-year 2024 guidance, projecting net sales of $7,665 million at the midpoint, a $50 million increase from previous estimates. The company also increased its adjusted free cash flow guidance to $875 million at the midpoint. These improvements are attributed to increased AI deployment scaling and Vertiv's strong market position in critical digital infrastructure solutions.
Vertiv (NYSE: VRT) and ZincFive have announced a collaboration to offer nickel-zinc (NiZn) battery energy storage for data center UPS in North America and EMEA. Vertiv will add ZincFive's BC Series UPS Battery Cabinets to its portfolio, compatible with select large and medium Vertiv UPS systems. The NiZn batteries offer safety, reliability, and environmental benefits, including a smaller footprint compared to VRLA and Lithium-Ion batteries, minimal maintenance requirements, and lower end-to-end environmental impact.
This collaboration aligns with Vertiv's commitment to help customers reduce their data center environmental footprint. The BC Series is the first NiZn battery solution compatible with megawatt class UPS and has already been deployed at several major data center sites. It also addresses challenges related to fire protection standards and codes.
Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, announced that it will report its second quarter 2024 results on Wednesday, July 24, 2024, before market open. The press release will include a link to presentation materials available on Vertiv’s website.
A conference call to discuss the results will take place on the same day at 11 a.m. Eastern Time, accessible via webcast through Vertiv's Investor Relations section. A replay of the conference call will be available for 30 days.
Vertiv (NYSE: VRT), a leader in digital infrastructure solutions, is hosting its exclusive Technology Fair in Columbus, Ohio. The event is focused on next-gen data centers and AI's impact on infrastructure. Over 400 engineers will collaborate during keynotes, panels, and interactive sessions, featuring Vertiv's CEO Giordano Albertazzi and other industry leaders.
The three-day event aims to foster creativity, identify industry trends, and advance technological innovations, particularly in AI. Engineers will engage with advanced technology partners and explore Vertiv’s AI imperatives: being transformative, first, efficient, confident, and future-ready.
Special guests include Christian Belady, Julie Albright, and Wade Vinson. Highlights include Vertiv's innovative cooling system developed with NVIDIA for the DOE’s ARPA-E COOLERCHIPS program and the company's recent membership in the Liquid Cooling Coalition.
The event underscores Vertiv's commitment to continuous innovation and collaboration, driving advancements in reliable and energy-efficient infrastructure.
Ballard Power Systems (NASDAQ: BLDP) and Vertiv (NYSE: VRT) announced a strategic partnership focused on hydrogen-powered fuel cell backup solutions for data centers. This partnership aims to address the rising power demands and carbon footprint concerns of the data center industry. A proof of concept demonstrated the integration of Ballard's fuel cell modules with Vertiv's Liebert EXL S1 UPS. The system showcased successful zero GHG emissions and scalability from 200kW to several MWs. The partnership also aligns with Vertiv's sustainability strategy and will focus on markets in North America, Europe, and selected other regions.
Vertiv (NYSE: VRT), a global provider of critical digital infrastructure solutions, has successfully completed the repricing of its subsidiary's $2.1 billion Term Loan. This repricing reduces the interest rate by approximately 61 basis points to Term SOFR + 200 basis points.
This financial adjustment is projected to result in annual interest savings of about $13 million.
Vertiv, a global provider of critical digital infrastructure and continuity solutions, announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of its Class A common stock.
The dividend will be payable on June 26, 2024, to shareholders of record as of June 17, 2024.
Vertiv (NYSE: VRT) released its 2023 Responsible Business Report, detailing its progress in environmental impact and governance. Key efforts include the expanded use of high-efficiency liquid cooling solutions and low-global warming potential refrigerants, the acquisition of CoolTera, and the introduction of a new battery energy storage system. Vertiv also unveiled a microgrid solution at its Delaware, Ohio facility, leveraging solar arrays and hydrogen fuel cells. The company introduced the TimberMod™ data center solution to reduce carbon footprint and provided an updated Guide to Data Center Sustainability. Operational efficiency improvements include a water reclamation system in Monterrey, Mexico, and a commitment to supply chain integrity.