Vertiv reports Q4 adjusted EPS 99c, consensus 82c

Reports Q4 revenue $2.35B, consensus $2.16B. “Data centers are crucial for meeting the world’s digital demands,” said Giordano Albertazzi, Vertiv’s (VRT) CEO. “Vertiv’s commitment to customer collaboration and innovation is setting the pace for what’s possible. But there’s still more to be done. Efficiency of compute has always been core to the industry. As technology advances to unlock the full potential of AI applications, it becomes more broadly accessible to everyone. With that accessibility comes a broader, more pervasive use of AI technology which we believe would generate more data and therefore require more data centers. As a result, I am confident in the growth trajectory of Vertiv, and we are reaffirming the five-year financial framework we presented at our investor event last November. In an increasingly advanced and efficient data center industry, we continue to bring the critical digital infrastructure technology, speed and scale needed to support this rapidly growing market.”