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.
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Vertiv Holdings Co (NYSE: VRT) reported a strong first quarter performance, with net sales reaching $1,521 million, marking a 32% year-over-year increase. Organic net sales grew 35%, despite a $40 million/b negative impact from foreign currency fluctuations. Operating profit was , while adjusted operating profit hit $176 million, exceeding guidance by $41 million. The company raised its full-year 2023 operating profit guidance to $618 million, driven by a 82% increase compared to 2022. Improved operational performance and backlog execution, along with significant customer demand, were highlighted as key contributors. Adjusted free cash flow stood at $25 million, reflecting a $175 million year-over-year increase. Looking ahead, the second quarter guidance estimates net sales between $1,550 million and $1,650 million.