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) will announce its first quarter 2023 results on April 26, 2023, before the market opens. The press release will provide a link to presentation materials for a comprehensive update. A conference call with management is scheduled for 11 a.m. Eastern Time on the same day to discuss the results. Investors can access the live call and a subsequent replay on the Investor Relations section of Vertiv's website. Vertiv is a global provider of critical digital infrastructure solutions, addressing essential challenges for data centers, communication networks, and industrial facilities. The company operates in over 130 countries.
G2 Venture Partners announced the hiring of Rob Johnson, previously CEO of Vertiv (NYSE: VRT), to enhance its team. Rob has extensive experience, having led Vertiv through significant acquisitions and a public offering. He also worked at Kleiner Perkins and founded Systems Enhancement Corporation, sold to American Power Conversion for $6.1 billion in 2007. Rob's expertise is expected to benefit G2's portfolio companies focused on climate technology. Founding Partner Ben Kortlang highlighted Rob's prior contributions to driving revenue and growth.
Vertiv Holdings Co reported strong fourth quarter 2022 results with sales of $1,655 million, up 17.3% year-over-year. Adjusted operating profit reached $211 million, marking a significant increase. The company also experienced a record backlog of $4.8 billion, supporting its positive outlook for 2023, with projected net sales growth of 15% and adjusted operating profit of $750 million to $800 million. Despite challenges from foreign currency impacts and the COVID-19 outbreak in China, Vertiv remains optimistic about sustained growth driven by operational efficiencies and demand in end markets.
Vertiv (NYSE: VRT), a leader in critical digital infrastructure, announced participation in two investor conferences in February and March 2023. CEO Giordano Albertazzi and CFO David Fallon will engage in a virtual fireside chat at Citi’s Global Industrial Tech and Mobility Conference on February 23, 2023 at 10:30 a.m. ET. They will also present in-person at the J.P. Morgan Industrials Conference in location value="LU/us.ny.nyc"New York City on March 16, 2023 at 1:20 p.m. ET. Live webcasts and recordings will be accessible via investors.vertiv.com.
Vertiv Holdings Co (NYSE: VRT) announced it will release its fourth quarter and full year 2022 results before the market opens on February 22, 2023. This release will include a link to presentation materials available on Vertiv’s investor website. A conference call with the management team will take place on the same day at 11 a.m. Eastern Time, which will also be accessible via a webcast. Vertiv provides critical digital infrastructure and continuity solutions, operating in over 130 countries globally. Stay tuned for key financial updates and performance metrics.
Giordano Albertazzi took over as CEO of Vertiv on January 1, 2023, aiming for operational excellence and profitable growth. Vertiv, a leader in critical digital infrastructure, reported a strong demand in its markets with a record order backlog of $4.7 billion by Q3 2022. Albertazzi's experience in leading operations in Europe and the Americas will drive performance improvements in a challenging macroeconomic environment. He will continue to serve as President of the Americas until a successor is appointed.
Vertiv (NYSE: VRT) has declared an annual cash dividend of $0.01 per share for its Class A common stock. This dividend will be payable on December 15, 2022, to shareholders on record as of November 30, 2022. The company, based in Columbus, Ohio, provides critical digital infrastructure and services for data centers and communication networks globally, employing approximately 24,000 people across more than 130 countries.
Vertiv Holdings Co (NYSE: VRT) announced its participation in the Deutsche Bank 2022 Industrials Conference. CEO Rob Johnson, incoming CEO Giordano Albertazzi, and CFO David Fallon will join a virtual fireside chat on November 15, 2022, at 3:15 p.m. Eastern time. Investors can access a live webcast and related materials on Vertiv's Investor Relations page, with a recording available for 30 days post-event. Vertiv delivers critical digital infrastructure solutions to data centers and commercial facilities, operating in over 130 countries with approximately 24,000 employees.
Vertiv Holdings Co (NYSE: VRT) reported a strong third quarter with net sales of $1,481 million, a 20.5% increase year-over-year. Organic sales growth stood at 20.1%, despite a $86 million negative impact from foreign currency. The company reaffirmed its fourth quarter operating profit guidance of $170 million to $190 million and 2023 guidance of $530 million to $550 million. Backlog increased by 46% to $4.7 billion, indicating robust market demand. However, operating profit decreased slightly to $80 million due to inflation and higher fixed costs.
Vertiv Holdings Co (NYSE: VRT) is set to report its third quarter 2022 results on October 26, 2022, before the market opens. Investors can access the presentation materials on the company's website. A conference call is scheduled for the same day at 11 a.m. Eastern Time, allowing management to discuss the results. Vertiv provides essential digital infrastructure solutions, serving over 130 countries, and employs around 24,000 people globally.