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 Holdings Co (NYSE: VRT) has successfully completed its acquisition of E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC. This strategic acquisition strengthens Vertiv’s portfolio of in-building power train offerings, targeting data centers and key commercial markets. Vertiv’s CEO highlighted the talent and capabilities of the E&I team, emphasizing the potential for value creation for customers and shareholders. The acquisition is expected to enhance Vertiv’s global reach and service capabilities in the critical digital infrastructure sector.
Vertiv Holdings Co (NYSE: VRT) reported strong Q3 2021 results, with net sales of $1,229 million, up 5.8% year-over-year. The company achieved a record backlog of $2.4 billion, a 34% increase from 2020. Adjusted operating profit reached $131 million, with a margin of 10.7%. Diluted EPS rose to $0.15, up from $0.47. Operating cash flow year-to-date was $175 million, reflecting a $160 million increase. The E+I acquisition is expected to close by November 1, 2021, while the divestiture of the heavy industrial UPS business is anticipated by Q4 2021. Despite supply chain challenges, demand remains robust.
Vertiv Holdings Co (NYSE: VRT) announced the successful completion of an offering of $850 million in 4.125% Senior Secured Notes due 2028. The proceeds will fund the cash portion of its pending acquisition of E&I Engineering Ireland Limited and its affiliate Powerbar Gulf LLC, along with related fees and expenses. The Notes will not be registered under the Securities Act, limiting their sale within the United States. This move aims to enhance Vertiv's capabilities in the critical digital infrastructure sector.
Vertiv Holdings Co (NYSE: VRT) has priced an offering of $850 million in Senior Secured Notes due 2028 at a 4.125% interest rate. The net proceeds will finance the acquisition of E&I Engineering Ireland Limited and Powerbar Gulf LLC and cover related fees. The offering is expected to close on October 22, 2021. The Notes will not be registered under the Securities Act and will be sold to qualified institutional buyers and certain offshore investors.
Vertiv Holdings Co (NYSE: VRT) announced a private placement offering of $850 million in Senior Secured Notes due 2028. Proceeds will finance the upcoming acquisition of E&I Engineering Ireland Limited and Powerbar Gulf LLC, alongside covering related fees. The Notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers. They will be secured by liens on certain assets of the Issuer and its subsidiaries. Vertiv continues to expand its critical digital infrastructure solutions globally, with a workforce of approximately 20,000 across over 130 countries.
Vertiv Holdings Co (NYSE: VRT) is set to report its third quarter results on October 27, 2021, before market open. The management team will conduct a conference call at 11 a.m. Eastern Time to discuss these results. Investors can access the live webcast through the Investor Relations section of Vertiv's website and a replay will be available for 30 days post-call. Vertiv provides essential digital infrastructure and continuity solutions, helping customers optimize their vital applications across data centers and networks globally.
Vertiv has announced a definitive agreement to acquire E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC, for approximately $1.8 billion, with a potential additional $200 million based on 2022 profit milestones. This strategic acquisition aims to enhance Vertiv's data center offerings, expanding its addressable market by $7 billion. Despite robust order growth and a record backlog, supply chain disruptions have led to revised financial guidance. The transaction is expected to close in Q4 2021 and is anticipated to be accretive to Vertiv's growth and profitability.
Vertiv Holdings Co (NYSE: VRT) reported strong Q2 2021 results, with net sales reaching $1,260 million, a 25.3% increase year-over-year. EMEA sales surged 50.1%, APAC rose 23.3%, and Americas grew 16.5%. Orders grew 24.4%, pushing backlog to a record $2.3 billion. Adjusted operating profit was $134 million, up $31 million, while diluted EPS increased to $0.03. The company raised its full-year sales guidance to 14% growth at midpoint, despite facing material inflation and supply chain challenges.
Vertiv Holdings Co (NYSE: VRT) will announce its second quarter 2021 financial results on July 28, 2021, before market opens. A conference call is scheduled for the same day at 11 a.m. Eastern Time, where management will discuss the results. Investors can access the live webcast through the Investor Relations section of Vertiv's website, which will also host a replay for 30 days post-event.
Vertiv specializes in providing critical digital infrastructure and continuity solutions to enhance data center and network performance globally.
Vertiv Holdings Co (NYSE: VRT) reported strong first quarter 2021 results, with net sales of $1,098 million, a 22.4% increase year-over-year. Global demand in the cloud and colocation data center markets drove this growth, particularly in the APAC region, which saw a 59.6% rise. Net income reached $32 million, showing a significant improvement due to lower interest expenses and higher sales. Backlog increased to a record $2.1 billion. Vertiv raised its full-year adjusted operating profit guidance to $595 million, reflecting positive market trends despite anticipated challenges from commodity and freight costs.