Vertiv Reports 57% Organic Orders Growth, 13% Net Sales Growth and 63% Operating Profit Growth in Second Quarter; Raises Full Year 2024 Outlook

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Vertiv gains on Q2 earnings beat and raised FY2024 outlook

July 24, 2024 6:34 AM EDT

Vertiv Holdings Co. (NYSE: VRT) reported a robust second quarter, with earnings and revenue exceeding Wall Street expectations, prompting the company to raise its full-year 2024 outlook. The results pushed the company's shares more than 4% higher premarket.

The provider of critical digital infrastructure solutions posted adjusted earnings per share (EPS) of $0.67, surpassing the analyst consensus of $0.57. Revenue for the quarter reached $1.95 billion, marginally higher than the expected $1.94... More