$VRT (-2.45%) | Vertiv Holdings Q3'24 Earnings Highlights:

🔹 Adjusted EPS: $0.76 (Est. $0.69) 🟢 

🔹 Revenue: $2.07B (Est. $1.98B) 🟢; UP +19% YoY 

🔹 Organic Net Revenue: UP +19% YoY 

🔹 Organic Orders: UP +17% YoY

Raises FY24 Guidance: 

🔹 Adj EPS: $2.66 - $2.70 (Est. $2.49) 🟢 

🔹 Revenue: $7.78B - $7.83B (Est. $7.72B) 🟢 

🔹 Organic Net Sales Growth: 13% - 15% 

🔹 Adjusted Operating Margin: 18.9% - 19.1% 

🔹 Adjusted Free Cash Flow: $975M - $1,025M

Q4'24 Guidance: 

🔹 Adjusted EPS: $0.80 - $0.84 (Est. $0.75) 🟢 

🔹 Revenue: $2.115B - $2.165B (Est. $2.15B) 🟡 

🔹 Organic Net Sales Growth: 11% - 15% 

🔹 Adjusted Operating Margin: 20.2% - 20.6%

Future Outlook: 

🔸 Based on strong backlog and pipeline, organic sales growth in 2025 expected to accelerate from 14% in 2024.

Other Key Financial Metrics:

🔹 Adj Operating Profit: $417M; UP +41% YoY 

🔹 Adj Operating Margin: 20.1%; UP +310 bps YoY 

🔹 Adj Cash Flow: $375M; UP $126M YoY 

🔹 Adj Free Cash Flow: $336M; UP $115M YoY 

CEO Giordano Albertazzi's Commentary: 

🔸 "Vertiv's strong performance in the third quarter was driven by robust underlying demand for our critical digital infrastructure products and services, our continued and unrelenting focus on strong operational execution and Vertiv's unique market position in enabling artificial intelligence and other critical applications for the data center."

🔸 "We are very encouraged by the acceleration of liquid cooling revenue, which is a visible contributor to our third quarter results, despite a yet immature market."