Vertiv Holdings Co. (VRT) Tops Q2 EPS by 17c, Beats on Revenue; Offers Upbeat FY Guidance
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Vertiv Reports Strong Second Quarter Results and Raises Full Year 2023 Outlook
August 2, 2023 5:55 AM EDTSecond quarter net sales of $1,734 million, 24% higher than the second quarter of 2022 and organic net sales growth(1) of 25% Second quarter operating profit of $206 million and adjusted operating profit(1) of $251 million, an increase of $169 million compared to second quarter 2022. Adjusted operating margin(1) of 14.5%, up 860 basis points compared to last years second quarter Operating cash flow of $254 million and adjusted free cash flow(1) of $227 million, an increase of $460 million over the second quarter 2022 Raising 2023 net sales guidance to $6,810 million at the midpoint, $285 million higher than prior guidance Raising 2023 operating profit guidance to $768... More
