Vertiv Holdings Co. (VRT) Tops Q3 EPS by 1c; Offers FY22 Guidance
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Vertiv Reports Third Quarter Sales Growth of 20.5%, Operating Profit of $80 Million and Adjusted Operating Profit(1) of $134 Million
October 26, 2022 5:55 AM EDTStrong net sales growth of 20.5% and organic net sales growth of 20.1%(1) compared with third quarter 2021 Third quarter orders up 15% (excluding foreign exchange) compared to third quarter 2021 Year-over-year pricing of $110 million. Price-cost was a tailwind of $35 million in third quarter. Reaffirms fourth quarter 2022 operating profit guidance of $170 million to $190 million and adjusted operating profit of $220 million to $240 million communicated earlier in October Reaffirms 2023 operating profit guidance of $530 million to $550 million and adjusted operating profit guidance of $730 million to $750 million
COLUMBUS, Ohio--(BUSINESS WIRE)-- Vertiv Holdings Co (NYSE:... More
