Vertiv Holdings Co. (VRT) Tops Q1 EPS by 9c

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Go back to Vertiv Holdings Co. (VRT) Tops Q1 EPS by 9c

Vertiv Exceeds First Quarter Guidance and Reports Net Sales Increase of 5.3%, Orders Growth of 34%

April 27, 2022 6:00 AM EDT

End-market demand continued to be strong with first quarter 2022 orders up 34% from last years first quarter and record-high backlog of $4.1 billion First quarter operating loss of $45 million and adjusted operating profit of $13 million,(1) negatively impacted by inflation headwinds and continued supply chain constraints Pricing realization of $40 million in first quarter 2022 exceeded forecast by $10 million. Quarterly adjusted operating profit expected to sequentially increase in 2022 with continued aggressive pricing actions

COLUMBUS, Ohio--(BUSINESS WIRE)-- Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity... More