Vertiv Holdings Co

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

VRT$194.22-3.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Earnings (Loss)

(Dollars in millions except for per share data)

	Year Ended December 31,
	2023	2022	2021
Net sales
Net sales - products	$5,406.1	$4,335.3	$3,694.6
Net sales - services	1,457.1	1,356.2	1,303.5
Net sales	6,863.2	5,691.5	4,998.1
Costs and expenses
Cost of sales - products	3,575.7	3,219.1	2,699.7
Cost of sales - services	887.0	856.3	775.7
Cost of sales	4,462.7	4,075.4	3,475.4
Operating expenses
Selling, general and administrative expenses	1,312.3	1,178.3	1,109.0
Amortization of intangibles	181.3	215.8	144.3
Restructuring costs	28.6	0.7	1.4
Foreign currency (gain) loss, net	16.0	3.7	3.2
Asset impairments	—	—	8.7
Other operating expense (income)	(9.9)	(5.8)	(3.8)
Operating profit (loss)	872.2	223.4	259.9
Interest expense, net	180.1	147.3	90.6
Loss on extinguishment of debt	0.5	—	0.4
Gain on tax receivable agreement	—	—	(59.2)
Change in fair value of warrant liabilities	157.9	(90.9)	61.9
Income (loss) before income taxes	533.7	167.0	166.2
Income tax expense	73.5	90.4	46.6
Net income (loss)	$460.2	$76.6	$119.6
Earnings (loss) per share:
Basic	$1.21	$0.20	$0.34
Diluted	$1.19	$(0.04)	$0.33
Weighted-average shares outstanding
Basic	380,144,059	376,730,519	355,544,632
Diluted	386,226,267	378,224,051	360,140,323

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.