Vertiv Reports 60% Organic Orders Growth, 8% Net Sales Growth in First Quarter; Updates Full Year 2024 Outlook
Vertiv Holdings, LLC Class A (VRT)
Company Research
Source: Business Wire
First quarter 2024 organic orders up 60% compared to first quarter 2023, book-to-bill ratio 1.5x in first quarter 2024 and record high $6.3 billion backlog at the end of first quarter 2024First quarter 2024 net sales of $1,639 million, 8% higher than first quarter 2023First quarter 2024 operating profit of $203 million and adjusted operating profit(1) of $249 million, up 42% from first quarter 2023Accelerated capital deployment with $600 million in share repurchases (~9.1 million shares at $66/share weighted average price) in first quarter 2024Raising full year 2024 guidance, expect net sales growth of 12% at the midpoint, operating profit of $1,150 to $1,200 million and adjusted operating profit of $1,325 to $1,375 million, a 28% increase at the midpoint compared to full year 2023 COLUMBUS, Ohio--(BUSINESS WIRE)--Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its first quarter ende
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- Vertiv Holdings Co (NYSE: VRT) had its price target raised by analysts at Mizuho from $56.00 to $95.00. They now have a "neutral" rating on the stock.MarketBeat
VRT
Earnings
- 4/24/24 - Beat
VRT
Sec Filings
- 5/3/24 - Form 144
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- VRT's page on the SEC website