Vertiv Holdings Co
For the period ended Sep 30, 2025. Filed Oct 22, 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.
Sep 30, 2025 · Filed Oct 22, 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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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 September 30, 2025 | Three months ended September 30, 2024 | Nine months ended September 30, 2025 | Nine months ended September 30, 2024 | |
|---|---|---|---|---|
| Net sales | ||||
| Net sales - products | $2,214.4 | $1,653.7 | $6,030.1 | $4,479.2 |
| Net sales - services | 461.4 | 419.8 | 1,319.8 | 1,186.2 |
| Net sales | 2,675.8 | 2,073.5 | 7,349.9 | 5,665.4 |
| Costs and expenses | ||||
| Cost of sales - products | 1,398.4 | 1,066.3 | 3,980.8 | 2,875.6 |
| Cost of sales - services | 266.7 | 250.8 | 775.3 | 725.8 |
| Cost of sales | 1,665.1 | 1,317.1 | 4,756.1 | 3,601.4 |
| Operating expenses | ||||
| Selling, general and administrative expenses | 414.3 | 334.6 | 1,156.2 | 1,012.4 |
| Amortization of intangibles | 48.2 | 45.3 | 141.1 | 137.1 |
| Restructuring costs | 30.7 | 6.3 | 33.7 | 4.1 |
| Foreign currency (gain) loss, net | 0.9 | 5.3 | 5.8 | 8.7 |
| Other operating expense (income) | (0.1) | (6.7) | 7.2 | (8.5) |
| Operating profit (loss) | 516.7 | 371.6 | 1,249.8 | 910.2 |
| Interest expense, net | 22.8 | 35.9 | 69.4 | 119.7 |
| Loss on extinguishment of debt | 1.7 | — | 1.7 | 1.1 |
| Change in fair value of warrant liabilities | — | 67.2 | — | 269.2 |
| Income (loss) before income taxes | 492.2 | 268.5 | 1,178.7 | 520.2 |
| Income tax expense (benefit) | 93.7 | 91.9 | 291.5 | 171.4 |
| Net income (loss) | $398.5 | $176.6 | $887.2 | $348.8 |
| Earnings (loss) per share: | ||||
| Basic | $1.04 | $0.47 | $2.33 | $0.93 |
| Diluted | $1.02 | $0.46 | $2.27 | $0.90 |
| Weighted-average shares outstanding: | ||||
| Basic | 382,025,408 | 375,203,364 | 381,455,627 | 376,353,335 |
| Diluted | 390,928,669 | 384,316,065 | 390,257,902 | 386,106,229 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.