Vertiv Holdings Co. (VRT) Misses Q4 EPS by 11c, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus, 1Q & FY21 EPS Guidance Below Consensus

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Go back to Vertiv Holdings Co. (VRT) Misses Q4 EPS by 11c, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus, 1Q & FY21 EPS Guidance Below Consensus

Vertiv Delivers Strong Fourth Quarter and Full Year 2020 Operating Performance

February 24, 2021 6:00 AM EST

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 includes benefit from public warrant redemption, which bolstered liquidity and reduced net leverage to 2.8x. Full year 2021 guidance includes net sales in the range of $4,750 million to $4,800 million, organic net... More