Vertiv Holdings Co Stock Price, News & Analysis

Vertiv (NYSE: VRT) has announced the promotion of Scott Armul to executive vice president, global portfolio and business units, effective January 1, 2025. Armul will report to CEO Giordano Albertazzi and focus on driving growth-oriented global portfolio strategy. He will lead engineering R&D and business units including thermal management, power management, IT systems, infrastructure solutions, and global services. This appointment comes as current CTO Stephen Liang transitions to focus on defining vision and strategy for future technology developments. Armul, who joined Vertiv in 2009, currently serves as vice president of global strategic accounts.

Vertiv (VRT) reports strong Q3 2024 results with net sales of $2.074 billion, up 19% year-over-year. Operating profit increased 48% to $372 million, with adjusted operating margin expanding 310 basis points to 20.1%. The company saw trailing twelve-month organic orders up ~37%, driven by strength in hyperscale and colocation data center markets. Q3 organic orders grew ~17% year-over-year. Pipeline increased across all regions, with strong AI-related activity. The company raised its full-year 2024 guidance, expecting 2025 organic sales growth to accelerate from 14% in 2024.

Vertiv (NYSE: VRT) has announced the release of a complete 7MW reference architecture for the NVIDIA GB200 NVL72 platform, co-developed with NVIDIA. This architecture aims to transform traditional data centers into AI factories capable of powering enterprise-wide AI applications. The design supports up to 132kW per rack and takes an end-to-end approach to optimize deployment speed, performance, resiliency, cost, energy efficiency, and scalability.

Key benefits of the co-developed reference architecture include:

• Rapid deployment and retrofit capabilities
• Space-saving power management
• Energy-efficient cooling
• Dynamic workload management
• Comprehensive installation and operations services

This collaboration between Vertiv and NVIDIA sets a future-forward roadmap for technical co-development and enables the deployment of accelerated computing at scale.

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, has announced its plans to report third quarter 2024 results on Wednesday, October 23, 2024, before the market opens. The company will release a press release containing a link to presentation materials with a Q3 2024 update, available on Vertiv's investor relations website.

Following the release, Vertiv's management team will host a conference call at 11 a.m. Eastern Time to discuss the results. Investors can access a live webcast of the call through the Investor Relations section of Vertiv's website. Additionally, a replay of the conference call will be available for 30 days after the event.

Vertiv (NYSE: VRT) has expanded its liquid cooling product portfolio with the introduction of the Vertiv™ CoolPhase CDU and Vertiv™ CoolChip Fluid Network. These systems enable modular, cost-effective liquid cooling deployments in data centers not originally configured for liquid cooling, facilitating high-density computing for AI alongside traditional air-cooled racks.

The Vertiv CoolPhase CDU is a liquid-to-refrigerant coolant distribution unit that supports direct-to-chip liquid cooling with refrigerant-based heat rejection, eliminating the need for a facility chilled water system. The Vertiv CoolChip Fluid Network is an in-rack manifold that routes fluid from the coolant distribution unit to the server, easily installed and customizable for any direct-to-chip liquid cooling application.

These new systems aim to provide flexibility for data centers and colocation providers, enabling rapid, modular growth to support increasing AI deployment demands. Vertiv also offers a full suite of global service offerings to support the deployment of liquid cooled infrastructure.

Vertiv (NYSE: VRT) has introduced Vertiv™ EnergyCore battery cabinets, a new solution for high-density computing in crowded data centers. These cabinets are:

• Factory assembled with LFP battery modules
• Equipped with Vertiv's internally-powered battery management system
• Compatible with most current and legacy three-phase Vertiv™ UPS systems
• Optimized for 5 minutes end-of-life runtime at 263kWb per cabinet
• Suitable for high-density environments with wide temperature range operation
• More compact and lighter than VRLA alternatives
• Designed for faster, cost-efficient installation with reduced deployment time

The cabinets feature an intuitive touch screen HMI display and offer remote battery monitoring via Vertiv™ Alber™ Battery Xplorer Enterprise. They are UL 1973 listed and UL 9540A compliant for thermal runaway protection.

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure solutions, has announced a major expansion of its North American manufacturing operations with a new facility in Pelzer, South Carolina. The 215,000 square feet facility is expected to create up to 300 additional skilled jobs and will produce a variety of infrastructure solutions, including integrated modular solutions and modular power systems for data centers.

CEO Giordano Albertazzi emphasized the importance of increasing manufacturing capacity to meet growing customer demand, particularly as AI accelerates the need for faster compute deployment. The Pelzer facility will complement Vertiv's existing switchgear and busbar manufacturing facility in nearby Anderson, South Carolina. This expansion is part of Vertiv's global strategy to increase capacity across multiple countries, including the United States, Mexico, Slovakia, United Arab Emirates, Ireland, and Northern Ireland.

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure solutions, has appointed Frank Poncheri as the new Chief Human Resources Officer (CHRO). Reporting to CEO Giordano Albertazzi, Poncheri will lead HR strategy, development, and execution to reinforce Vertiv's strategic priorities and behaviors.

Poncheri brings over 15 years of experience in HR and corporate strategy, with a focus on global employee development, talent management, and fostering high-performance culture. His background includes roles at Owens Corning and GE Aerospace. Albertazzi emphasized the importance of cultivating employees who will thrive in Vertiv's high-performance culture to drive innovation and industry leadership.

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, has announced a quarterly cash dividend of $0.025 per share of its Class A common stock. The dividend will be payable on September 26, 2024, to shareholders of record at the close of business on September 17, 2024. This announcement demonstrates Vertiv's commitment to returning value to shareholders and may indicate confidence in the company's financial stability and future prospects.