Vertiv gains on Q2 earnings beat and raised FY2024 outlook
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Vertiv Reports 57% Organic Orders Growth, 13% Net Sales Growth and 63% Operating Profit Growth in Second Quarter; Raises Full Year 2024 Outlook
July 24, 2024 5:55 AM EDTSecond quarter 2024 organic orders up 57% compared to second quarter 2023, and up 37% on a trailing twelve-month basis Second quarter 2024 net sales of $1,953 million, 13% higher than second quarter 2023 and organic net sales growth(1) of 14% Second quarter 2024 operating profit of $336 million, up 63% from second quarter 2023, and adjusted operating profit(1) of $382 million, up 52% from second quarter 2023 Adjusted operating margin(1) of 19.6%, up 510 basis points compared to second quarter 2023 Raising 2024 net sales guidance to $7,665 million at the midpoint, $50 million higher than prior... More
