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
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.