Vertiv Holdings Co ( (VRT) ) has released its Q4 earnings. Here is a breakdown of the information Vertiv Holdings Co presented to its investors.
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Vertiv Holdings Co, headquartered in Ohio, is a global provider of digital infrastructure solutions, serving data centers, communication networks, and industrial facilities worldwide.
In its latest earnings report, Vertiv Holdings Co announced robust financial performance for the fourth quarter of 2024, with significant improvements in earnings per share and net sales compared to the previous year.
The company reported a 77% increase in adjusted diluted EPS to $0.99 and a 26% rise in net sales to $2,346 million. Operating profit surged by 60% to $457 million, while adjusted operating profit rose by 53% to $504 million. The company also achieved a strong trailing twelve-month organic order growth of approximately 30%.
Looking ahead, Vertiv Holdings Co maintains a positive outlook for 2025, expecting to continue its growth trajectory with projected increases in diluted EPS and net sales, despite foreign exchange headwinds. The company is confident in its strategic position to capitalize on the growing demand for data center solutions driven by advancements in AI technology.
