Vertiv Holdings Co. (VRT) Tops Q2 EPS by 7c, Offers Guidance
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Vertiv Reports 25% Net Sales Growth and Record Backlog in Second Quarter; Raises Full Year Guidance for 2021
July 28, 2021 6:00 AM EDTDiluted earnings per share of $0.03 increased $0.20 and adjusted diluted earnings per share of $0.31(1) increased $0.15 from last years second quarter. Customer demand remains robust with net sales growth of 25% and organic net sales growth of 20% from last years second quarter, with double-digit sales growth in all regions. Record backlog of $2.3 billion at the end of June. Order growth of 24% compared to prior years second quarter. Second quarter operating profit of $102 million increased $32 million, or 45%, and adjusted operating profit of $134 million increased $31 million, or 30%, from last years second quarter. Adjusted operating margin... More
