Vertiv Holdings Co. (VRT) Tops Q2 EPS by 13c, Revenues Beat; Offers 3Q EPS/Revenue Outlook
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Vertiv Delivers Strong Second Quarter Operating Performance
August 5, 2020 6:00 AM EDTNet income increased $45 million and adjusted EBITDA was relatively flat compared with last years second quarter despite $128 million lower net sales. Adjusted EBITDA margin increased 150 basis points. Record backlog of $1.8 billion at end of June and second quarter orders up 2%, and up 5% organically Strong June month-end liquidity of $530 million and second quarter operating cash flow of $73 million Third quarter guidance: 4-6% organic sales and 7-14% adjusted EBITDA growth from last years third quarter
COLUMBUS, Ohio--(BUSINESS WIRE)-- Vertiv Holdings Co (NYSE: VRT), a global provider... More
