Vertiv Delivers Strong Fourth Quarter and Full Year 2020 Operating Performance
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Vertiv Holdings Co. (VRT) Misses Q4 EPS by 11c, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus, 1Q & FY21 EPS Guidance Below Consensus
February 24, 2021 6:08 AM ESTVertiv Holdings Co. (NYSE: VRT) reported Q4 EPS of $0.22, $0.11 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.26 billion.
Fourth quarter net sales growth of 11.4% versus prior year fourth quarter with continuing strength in cloud, colocation and telecommunication end markets, organic sales up 9.5%. Orders up 9% compared to prior year fourth quarter.Fourth quarter net income of $75 million and adjusted EBITDA of $187 million, with adjusted EBITDA margin percentage increasing 160 basis points to 14.3% from prior years fourth quarter.Quarter-end liquidity of $964 million... More