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Jun 30, 2024
Vertiv Q2 2024 Earnings Report
Vertiv reported strong Q2 2024 results, with significant growth in organic orders, net sales, and operating profit, and raised its full-year outlook.
Key Takeaways
Vertiv reported a strong second quarter in 2024, marked by a 57% increase in organic orders and a 13% increase in net sales compared to the previous year. The company's operating profit also saw a substantial rise of 63%. Vertiv has raised its full-year 2024 outlook, reflecting confidence in continued growth and operational execution.
Organic orders increased by 57% compared to Q2 2023.
Net sales reached $1,953 million, a 13% increase year-over-year.
Operating profit grew by 63% to $336 million.
Adjusted operating margin improved by 510 basis points to 19.6%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Vertiv raised its full year 2024 guidance for net sales, operating profit, and adjusted free cash flow.
Positive Outlook
- Net sales guidance raised to $7,665 million at the midpoint.
- Operating profit guidance raised to $1,256 million at the midpoint.
- Adjusted operating profit guidance raised to $1,435 million at the midpoint, a 36% improvement compared to full year 2023
- Adjusted free cash flow guidance raised to $875 million at the midpoint.
- Organic net sales growth between 12%-14%
Challenges Ahead
- High variability in forecasting and quantifying certain amounts.
- Complexity and uncertainty with respect to forecasting.
- Potential unpredictable impact on future GAAP financial results.
- Uncertainty in quantifying certain amounts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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