Vertiv Holdings Co
For the period ended Mar 31, 2025. Filed Apr 23, 2025.
View on SEC.govAbout 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, 2025 · Filed Apr 23, 2025
VRT$200.47+9.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements (Unaudited)
PART I. FINANCIAL INFORMATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)
(Dollars in millions except for per share data)
| Three months ended March 31, 2025 | Three months ended March 31, 2024 | |
|---|---|---|
| Net sales | ||
| Net sales - products | $1,649.7 | $1,270.3 |
| Net sales - services | 386.3 | 368.8 |
| Net sales | 2,036.0 | 1,639.1 |
| Costs and expenses | ||
| Cost of sales - products | 1,112.1 | 846.3 |
| Cost of sales - services | 237.4 | 226.4 |
| Cost of sales | 1,349.5 | 1,072.7 |
| Operating expenses | ||
| Selling, general and administrative expenses | 346.3 | 314.0 |
| Amortization of intangibles | 46.0 | 46.0 |
| Restructuring costs | 1.1 | 0.3 |
| Foreign currency (gain) loss, net | 2.6 | 3.2 |
| Other operating expense (income) | (0.2) | 0.3 |
| Operating profit (loss) | 290.7 | 202.6 |
| Interest expense, net | 25.3 | 39.0 |
| Change in fair value of warrant liabilities | — | 176.6 |
| Income (loss) before income taxes | 265.4 | (13.0) |
| Income tax expense (benefit) | 100.9 | (7.1) |
| Net income (loss) | $164.5 | $(5.9) |
| Earnings (loss) per share: | ||
| Basic | $0.43 | $(0.02) |
| Diluted | $0.42 | $(0.02) |
| Weighted-average shares outstanding: | ||
| Basic | 380,845,511 | 379,135,184 |
| Diluted | 390,109,650 | 379,135,184 |
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