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Stock impact report

Vertiv Reports Strong 2019 Financial Results

Vertiv Holdings, LLC Class A (VRT) 
Company Research Source: Business Wire
Fourth quarter versus prior year: net sales flat at $1.2 billion, organic sales up 1.0%, net loss improves 15% to $34 million and adjusted EBITDA down 5% to $149 millionFull year versus prior year: net sales up 3.4% to $4.4 billion, organic sales up 5.6%, net loss improves 55% to $141 million and adjusted EBITDA up 8% to $542 millionConfirming previously communicated full year 2020 guidance including net sales at $4.6 billionFull year 2020 free cash flow projected at $130 million to $150 million and with refinancing at annual proforma run rate at $285 million COLUMBUS, Ohio--(BUSINESS WIRE)--Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, reported full year 2019 net sales of $4.4 billion, 3.4% higher than prior year, and 5.6% higher on an organic basis when adjusted for changes in foreign currency exchange rates. Full year 2019 net loss of $141 million declined 55% and adjusted EBITDA of $542 million increased 7.8% from Show less Read more
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