Vertiv Hldgs Q2 2024 Adj EPS $0.67 Beats $0.57 Estimate, Sales $1.953B Beat $1.939B Estimate

7/24/24 5:57:31 AM ET

Industrial Machinery/Components

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Vertiv Hldgs (NYSE:VRT) reported quarterly earnings of $0.67 per share which beat the analyst consensus estimate of $0.57 by 17.54 percent. The company reported quarterly sales of $1.953 billion which beat the analyst consensus estimate of $1.939 billion by 0.71 percent. This is a 12.63 percent increase over sales of $1.734 billion the same period last year.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
11/13/2024	$155.00	Buy	UBS
10/7/2024	$125.00	Buy	Jefferies
8/7/2024	$95.00 → $92.00	Neutral → Outperform	Mizuho
4/5/2024	$96.00	Outperform	Oppenheimer
8/2/2023	$40.00	Underperform → Buy	BofA Securities
6/9/2023		Hold → Buy	Vertical Research
10/27/2022	$11.75 → $20.00	Market Perform → Outperform	Cowen
4/1/2022	$29.00 → $18.00	Neutral → Overweight	JP Morgan

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Vertiv Reports Strong Third Quarter 2024 Results and Raises Full Year Guidance
Net sales of $2,074 million, 19% higher than third quarter 2023. Operating profit of $372 million, up 48% from third quarter 2023, and adjusted operating profit(1) of $417 million, up 41% from third quarter 2023 Strong third quarter trailing twelve-month (TTM) organic orders up ~37% compared to prior year TTM period. Third quarter organic orders growth of ~17% vs. prior year Adjusted operating margin(1) of 20.1%, up 310 basis points compared to third quarter 2023 Diluted EPS of $0.46 and adjusted diluted EPS(1) of $0.76, above high-end of prior guidance Operating cash flow of $375 million and adjusted free cash flow(1) of $336 million in third quarter 2024. Net leverage of 1.4x at
10/23/24 5:55:00 AM ET
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Vertiv Announces Date of Third Quarter 2024 Earnings Release and Conference Call
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its third quarter 2024 results before market open on Wednesday, October 23, 2024. The press release will contain a link to the presentation materials providing a third quarter 2024 update, which will be available on Vertiv's website at investors.vertiv.com. Vertiv's management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time. A webcast of the live conference call can be accessed in the Investor Relations section of Vertiv's website at investors.vertiv.com. A replay of the conference call will also be available
10/9/24 8:00:00 AM ET
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Vertiv Declares Quarterly Dividend
Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company's Class A common stock. The cash dividend will be payable on September 26, 2024, to shareholders of record of Class A common stock at the close of business on September 17, 2024. About Vertiv Vertiv (NYSE:VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communicat
9/4/24 6:30:00 AM ET
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Data Center Trends 2025: Vertiv Predicts Industry Efforts to Support, Enable, Leverage and Regulate AI
Innovation in powering and cooling AI racks, management of energy consumption and emissions all to be a focus in new year AI continues to reshape the data center industry, a reality reflected in the projected 2025 data center trends from Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions. Vertiv experts anticipate increased industry innovation and integration to support high-density computing, regulatory scrutiny around AI, as well as increasing focus on sustainability and cybersecurity efforts. "Our experts correctly identified the proliferation of AI and the need to transition to more complex liquid- and air-cooling strategies as a trend f
11/20/24 8:00:00 AM ET
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Vertiv Expands its Global Liquid Cooling Portfolio with the Announcement of Two New High-Capacity Coolant Distribution Units to Support AI Applications
VertivTM CoolChip CDU liquid-to-liquid and liquid-to-air solutions support hyperscale, colocation and enterprise applications Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced a significant expansion of its liquid cooling product portfolio with the introduction of two new Vertiv™ CoolChip CDU (coolant distribution unit) systems. These systems enable modular, cost-effective liquid cooling deployments in data centers, making it possible to operate high-density computing for AI alongside traditional air-cooled racks. The new CDUs are on display at the Vertiv booth at SC24, the international conference for high performance comput
11/19/24 8:01:00 AM ET
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Vertiv and Compass Datacenters Collaborate on Combination Liquid and Air Cooling System To Accelerate Deployment of Liquid Cooling for AI Applications
First-of-its-kind cooling solution integrates air and liquid cooling technologies to meet the evolving and mixed cooling needs of data centers supporting AI Data center operators face the challenge of supporting rapidly evolving environments in which established IT applications increasingly co-exist alongside the high-density computing being deployed to support AI. Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, and Compass Datacenters, which designs, builds and operates data center campuses for some of the world's largest technology companies, announced today they have collaborated to develop a first-of-its-kind solution that enables futu
11/18/24 9:00:00 AM ET
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Data Center Security and Spending Skyrocket Amid AI Boom
USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, May 31, 2024 /PRNewswire/ -- USA News Group – With the artificial intelligence (AI) revolution fully underway, the importance and security of the data centers that power the new technology is surging. The role and preservation of these data centers is generating multiple calls for them and their power sources to be recognized as a matter of national security. Former Google CEO Eric Schmidt went so far as to predict that AI data centers will one day be "on military bases surrounded by machine guns," as stated in an interview with Noema Magazine. According to analysts at Dell'Oro Group, data center spending is fo
5/31/24 10:00:00 AM ET
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Vertiv Acquisition of CoolTera Ltd. Boosts Liquid Cooling Portfolio
Deal to strengthen Vertiv's capabilities to support deployment of AI at scale Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that subsidiaries of the company have entered into a definitive agreement to acquire all of the shares of CoolTera Ltd. (CoolTera), a provider of coolant distribution infrastructure for data center liquid cooling technology and certain assets, including certain contracts, patents, trademarks, and intellectual property from an affiliate of CoolTera. Founded in 2016 and based in the UK, CoolTera provides liquid cooling infrastructure solutions, and designs and manufactures coolant distribution units
12/4/23 6:00:00 AM ET
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Vertiv Names Jakki Haussler to Board of Directors
Latest addition brings extensive financial experience, expands Board to ten members Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the appointment of Jakki Haussler to its Board of Directors. Ms. Haussler will serve on the Audit Committee of the Board. Ms. Haussler is the Non-Executive Chairman of Opus Capital Management, Inc., which she co-founded in 1996 and subsequently led as CEO until 2019. Haussler has served in a variety of leadership positions in the investment community, including as the managing director of Capvest Venture Fund LP, and a partner at both Adena Ventures LP and Blue Chip Venture Company. She has ext
8/8/22 6:45:00 AM ET
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Vertiv Holdings shares are trading lower following Q2 earnings. The stock initially rose but has since reversed.
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7/24/24 1:46:28 PM ET
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Vertiv Hldgs Q2 2024 Adj EPS $0.67 Beats $0.57 Estimate, Sales $1.953B Beat $1.939B Estimate

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Recent Analyst Ratings for $VRT

$VRT SEC Filings

SEC Form 144 filed by Vertiv Holdings LLC

SEC Form 144 filed by Vertiv Holdings LLC

Vertiv Holdings LLC filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

$VRT Financials

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Vertiv Reports Strong Third Quarter 2024 Results and Raises Full Year Guidance

Vertiv Announces Date of Third Quarter 2024 Earnings Release and Conference Call

Vertiv Declares Quarterly Dividend

$VRT Large Ownership Changes

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SEC Form SC 13G filed by Vertiv Holdings LLC

Amendment: SEC Form SC 13G/A filed by Vertiv Holdings LLC

Amendment: SEC Form SC 13G/A filed by Vertiv Holdings LLC

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Pres. Americas Sanghi Anand sold $4,373,150 worth of shares (30,914 units at $141.46), decreasing direct ownership by 61% to 19,448 units (SEC Form 4)

Director Reinemund Steven sold $13,650,397 worth of shares (100,000 units at $136.50) (SEC Form 4)

Director Haussler Jakki L. exercised 18,772 shares at a strike of $14.12 and sold $2,108,354 worth of shares (15,347 units at $137.38) (SEC Form 4)

UBS initiated coverage on Vertiv with a new price target

Jefferies initiated coverage on Vertiv with a new price target

Vertiv upgraded by Mizuho with a new price target

Data Center Trends 2025: Vertiv Predicts Industry Efforts to Support, Enable, Leverage and Regulate AI

Vertiv Expands its Global Liquid Cooling Portfolio with the Announcement of Two New High-Capacity Coolant Distribution Units to Support AI Applications

Vertiv and Compass Datacenters Collaborate on Combination Liquid and Air Cooling System To Accelerate Deployment of Liquid Cooling for AI Applications

$VRT Leadership Updates

Live Leadership Updates

Data Center Security and Spending Skyrocket Amid AI Boom

Vertiv Acquisition of CoolTera Ltd. Boosts Liquid Cooling Portfolio

Vertiv Names Jakki Haussler to Board of Directors

$VRT Market Insights

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Vertiv Holdings shares are trading lower following Q2 earnings. The stock initially rose but has since reversed.

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US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What's Driving Markets Wednesday?

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