Vertiv Holdings Co. (VRT) Tops Q1 EPS by 9c, Revenues Beat; Raises FY21 EPS/Revenue Guidance Above Consensus, Offers 2Q EPS/Revenue Outlook

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Go back to Vertiv Holdings Co. (VRT) Tops Q1 EPS by 9c, Revenues Beat; Raises FY21 EPS/Revenue Guidance Above Consensus, Offers 2Q EPS/Revenue Outlook

Vertiv Delivers 22.4% Net Sales Growth; Achieves Record Backlog; Raises Full Year Guidance

April 28, 2021 6:00 AM EDT

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 margin 790 basis points higher than prior year first quarter. Net cash from operating activities of $61 million increased $255 million, and free cash flow of $43 million increased $246 million from prior year first quarter. Strong quarter-end... More