Vertiv Holdings Co. (VRT) Tops Q3 EPS by 1c
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Vertiv Reports 5.8% Net Sales Growth, 17.2% Orders Growth and Record Backlog in Third Quarter
October 27, 2021 6:00 AM EDTRobust end-market demand continued with double-digit order growth and record backlog of $2.4 billion. Net sales growth of 5.8% and organic net sales growth of 3.9% versus prior year third quarter. Third quarter operating profit of $82 million and adjusted operating profit of $131 million(1), with operating profit margin of 6.7% and adjusted operating profit margin of 10.7%. Adjusted operating profit margin 490 basis points higher than prior year third quarter. Diluted earnings per share of $0.15, up $0.47 and adjusted diluted earnings per share of $0.20(1) up $0.15 from prior year quarter. Year-to-date net operating cash flow of $174 million increased $160 million, and year-to-date... More
