Vertiv Holdings Co. (VRT) Misses Q2 EPS by 5c; Lowers Outlook
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Vertiv Second Quarter Operating Profit of $26 Million and Adjusted Operating Profit(1) of $82 Million Exceed Mid-point of Guidance
August 3, 2022 5:55 AM EDTStrong demand continued. Second quarter orders up 17% (10% from price) from last year. Record high $4.4 billion backlog Strong net sales growth of 11.0% and organic net sales growth of 7.9% compared with second quarter 2021 Lowering full year adjusted operating profit guidance to $475 million - $500 million, $37.5 million lower at mid-point of guidance range including $25 million from foreign currency Increasing fourth quarter sales and adjusted operating profit guidance which positions us well for a strong 2023
COLUMBUS, Ohio--(BUSINESS WIRE)-- Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital... More
