Vertiv Delivers 22.4% Net Sales Growth; Achieves Record Backlog; Raises Full Year Guidance
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Vertiv Holdings Co. (VRT) Tops Q1 EPS by 9c, Revenues Beat; Raises FY21 EPS/Revenue Guidance Above Consensus, Offers 2Q EPS/Revenue Outlook
April 28, 2021 6:11 AM EDTVertiv Holdings Co. (NYSE: VRT) reported Q1 EPS of $0.21, $0.09 better than the analyst estimate of $0.12. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.04 billion.
Strong net sales growth of 22.4% and organic net sales growth of 19.5%(1) compared with last years first quarter - with strength in all regions.Orders up 21% versus last years first quarter fueling a record backlog of $2.1 billion.Operating profit of $80 million and adjusted operating profit of $112 million, with operating profit margin of 7.3% and adjusted operating profit margin of 10.2%. Adjusted operating... More