🔹 Adj. EPS: $0.64 (Est: $0.61) 🟢; UP ~49% YoY
🔹 Revenue: $2.04B (Est: $1.94B) 🟢; UP +24% YoY
🔹 Organic Sales: UP +25% YoY
🔹 Backlog: $7.9B; +10% QoQ; +25% YoY
FY25 Guide:
🔹 Revenue: $9.325B–$9.575B (Est: $9.17B) 🟢
🔹 Adj. EPS: $3.45–$3.65 (Est: $3.54) 🟡
🔹 Adj. Operating Profit: $1.885B–$1.985B
🔹 Adj. Operating Margin: 19.75%–21.25%
🔹 Adj. Free Cash Flow: $1.25B–$1.35B
🔹 Organic Sales Growth: 16.5%–19.5%
🔸 FY25 guidance assumes April 22, 2025 tariff rates remain in effect through year-end
Q2'25 Guidance
🔹 Revenue: $2.325B–$2.375B (Est: $2.265B) 🟢
🔹 Adj. EPS: $0.77–$0.85 (Est: $0.88) 🔴
🔹 Adj. Operating Profit: $420M–$450M
🔹 Adj. Operating Margin: 18.0%–19.0%
🔹 Organic Sales Growth: 19%–23%
Other Key Q1 Metrics:
🔹 Adj Oper. Profit: $337M; UP +35% YoY
🔹 Adjusted Free Cash Flow: $265M; UP +164M YoY
🔹 Operating Cash Flow: $303M; UP +166M YoY
🔹 Book-to-Bill Ratio: ~1.4x
🔹 Liquidity: $2.3B
🔹 Net Leverage: ~0.8x
🔸 Fitch Ratings assigned BBB- (Stable Outlook)
Strategic & Operational Commentary
🔸 Orders: TTM Orders UP +20% YoY; Q1 Orders UP +13% YoY and +21% QoQ
🔸 Tariffs: While environment remains fluid, Vertiv aims to mitigate impacts through supply chain, operational flexibility, and pricing strategy
🔸 Capacity & R&D: Continued investment to support AI infrastructure scale-up
🔸 Vertiv deployed full-stack AI infrastructure (iGenius project) for an Italian tech leader with NVIDIA GB200/GB300 support
🔸 Strong AI-led data center momentum; Vertiv well-positioned as critical infrastructure provider
