Vertiv Holdings Co (NYSE:VRT) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET Corporate Participants Lynne Maxeiner - Vice President of Investor Relations Dave Cote - Executive Chairman Gio Albertazzi - Chief Executive Officer David Fallon - Chief Financial Officer Conference Call Participants Amit Daryanani - Evercore ISI Steve Tusa - JPMorgan Nicole DeBlase - Deutsche Bank Mark Delaney - Goldman Sachs Andy Kaplowitz - Citigroup Scott Davis - Melius Research Michael Elias - TD Cowen Jeff Sprague ...

Second Quarter July 24, 2024 This presentation, and other statements that Vertiv Holdings Co. ("Company") may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv's future financial or business performance, strategies or expectations, and as such are not historical facts. This includes, without limitation, statements regarding Vertiv's financial position, capital structure, indebtedness, busines ...

Marco VDM/E+ via Getty Images Rapid Recap This is a stock that I've been bullish on for some time. However, I'm now less bullish than I've been for a while. Here why. Vertiv Holdings Co (NYSE:VRT) — this cooling company's stock is running red-hot. In fact, beyond its piping-hot rhetoric, its fundamentals are not quite keeping up. Case in point, its book-to-bill ratio has dropped back down to 1.4x from 1.5x in the prior quarter and is moving in the opposite to where I believe demand is going. What's more, if ...

This quarterly report represents an earnings surprise of 13.56%. A quarter ago, it was expected that this company would post earnings of $0.37 per share when it actually produced earnings of $0.43, delivering a surprise of 16.22%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Vertiv has outperformed the market so far this year, the question that comes ...

Vertiv Reports 57% Organic Orders Growth, 13% Net Sales Growth and 63% Operating Profit Growth in Second Quarter; Raises Full Year 2024 Outlook COLUMBUS, Ohio July 24, 2024 – Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its second quarter ended June 30, 2024. Vertiv reported second quarter 2024 net sales of $1,953 million, an increase of $219 million, or 13%, compared to last year's second quarter. Organic ...

Data by YCharts Data canter operators are evaluating liquid cooling Andreind and China Comments of Chilisanthow Andrew Porton Porton Provinsian Provinsia Andrew Ben Charcon Provinsion C In this context, liquid cooling forms part of DCPI or Data Center Physical Infrastructure where in addition to Vertiv, there are also large players like Eaton Corporation (ETN) and Europe's Schneider Electric S.E (OTCPK:SBGSY), two companies large enough to develop solutions organically through large research budgets or acqu ...

The Thesis Vertiv Holdings is a global provider of critical digital infrastructure and continuity solutions that together with its subsidiaries, is involved in designing, manufacturing, and servicing a wide range of infrastructure and related technologies for data centers, communication networks, and commercial and industrial environments. The company provides its services across the Americas, Asia Pacific, Europe, the Middle East, and Africa. The company's portfolio includes products for power management, ...

In the first quarter of 2024, orders jumped 60% year over year, while backlog surged roughly 33% to $6.3 billion. The trend is expected to have continued in the going-to-be-reported quarter. Zacks Investment Research Image Source: However, Vertiv stock is not so cheap as the Value Style Score of C suggests a stretched valuation at this moment. Vertiv is expanding capacity across liquid cooling, thermal, UPS, switchgear, busbar and modular solutions to accommodate AI-driven demand growth. It currently has 22 ...

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Heading into today, shares of the company had lost 14.22% over the past month, lagging the Computer and Technology sector's loss of 3.17% and the S&P 500's gain of 2.14% in that time. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.44 per share and revenue of $7.73 billion, indicating changes of +37.85% and +12.57%, respectively, compared to the previous year. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize ...