Vertiv Holdings Co. (VRT) Misses Q1 EPS by 5c, Revenues Miss; Withdraws FY20 Guidance
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Vertiv Reports First Quarter 2020 Financial Results
May 5, 2020 5:30 PM EDTCustomer demand remains strong with orders up 13% and backlog at record high $1.6B COVID-19 impact and overall first quarter results in-line with our internal expectations Quickly implemented $60 million of mitigating cost actions to benefit rest of year 2020 Strong liquidity at end of March expected to continue even under deeper downside scenarios
COLUMBUS, Ohio--(BUSINESS WIRE)-- Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, reported first quarter 2020 net sales of $897 million, a decline of $158 million, or 15%... More
