Vertiv Holdings Co

For the period ended Mar 31, 2024. Filed Apr 26, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 26, 2024

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

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Contents

Item 1. Financial Statements (Unaudited)

PART I. FINANCIAL INFORMATION

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)

(Dollars in millions except for per share data)

	Three months ended March 31, 2024	Three months ended March 31, 2023
Net sales
Net sales - products	$1,270.3	$1,186.5
Net sales - services	368.8	334.6
Net sales	1,639.1	1,521.1
Costs and expenses
Cost of sales - products	846.3	819.5
Cost of sales - services	226.4	206.1
Cost of sales	1,072.7	1,025.6
Operating expenses
Selling, general and administrative expenses	314.0	308.7
Amortization of intangibles	46.0	45.2
Restructuring costs	0.3	13.1
Foreign currency (gain) loss, net	3.2	3.1
Other operating expense (income)	0.3	(4.9)
Operating profit (loss)	202.6	130.3
Interest expense, net	39.0	46.8
Change in fair value of warrant liabilities	176.6	(4.2)
Income (loss) before income taxes	(13.0)	87.7
Income tax expense (benefit)	(7.1)	37.4
Net income (loss)	$(5.9)	$50.3
Earnings (loss) per share:
Basic	$(0.02)	$0.13
Diluted	$(0.02)	$0.12
Weighted-average shares outstanding:
Basic	379,135,184	378,129,786
Diluted	379,135,184	381,683,511

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.