Vertiv Holdings Co

For the period ended Dec 31, 2024. Filed Feb 18, 2025.

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.

FY2024 · Filed Feb 18, 2025

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,
	2024	2023	2022
Net sales
Net sales - products	$6,393.5	$5,406.1	$4,335.3
Net sales - services	1,618.3	1,457.1	1,356.2
Net sales	8,011.8	6,863.2	5,691.5
Costs and expenses
Cost of sales - products	4,099.4	3,575.7	3,219.1
Cost of sales - services	978.2	887.0	856.3
Cost of sales	5,077.6	4,462.7	4,075.4
Operating expenses
Selling, general and administrative expenses	1,374.0	1,312.3	1,178.3
Amortization of intangibles	184.2	181.3	215.8
Restructuring costs	5.3	28.6	0.7
Foreign currency (gain) loss, net	9.3	16.0	3.7
Other operating expense (income)	(6.0)	(9.9)	(5.8)
Operating profit (loss)	1,367.4	872.2	223.4
Interest expense, net	150.4	180.1	147.3
Loss on extinguishment of debt	2.4	0.5	—
Change in fair value of warrant liabilities	449.2	157.9	(90.9)
Income (loss) before income taxes	765.4	533.7	167.0
Income tax expense	269.6	73.5	90.4
Net income (loss)	$495.8	$460.2	$76.6
Earnings (loss) per share:
Basic	$1.32	$1.21	$0.20
Diluted	$1.28	$1.19	$(0.04)
Weighted-average shares outstanding
Basic	376,418,933	380,144,059	376,730,519
Diluted	386,325,058	386,226,267	378,224,051

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.