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Sep 30, 2020
Vertiv Q3 2020 Earnings Report
Reported strong operating and financial results.
Key Takeaways
Vertiv reported strong third-quarter results with net sales of $1,162 million, an 8.5% increase from last year. The company's orders were up 15.5%, leading to a record backlog of $1.85 billion. Adjusted EBITDA increased by 31% to $179 million, and free cash flow was $129 million, contributing to a quarter-end liquidity of $653 million.
Net sales growth of 8.5% driven by strong demand from cloud and colocation market segments.
Orders were 15.5% higher than the third quarter of 2019, resulting in a record backlog of $1.85 billion.
Adjusted EBITDA increased $43 million, or 31%, with margin expansion of 270 basis points.
Net cash provided by operating activities was $138 million, and free cash flow was $129 million.
Revenue by Geographic Location
Forward Guidance
Vertiv provided fourth quarter 2020 financial guidance, anticipating net sales between $1,240 million and $1,265 million, organic net sales growth of 6.0% to 8.0%, adjusted EBITDA between $175 million and $185 million, adjusted EBITDA margin between 14.1% and 14.6%, and adjusted EPS between $0.32 and $0.35.
Positive Outlook
- Net sales between $1,240 million and $1,265 million
- Organic net sales growth of 6.0% to 8.0%
- Adjusted EBITDA between $175 million and $185 million
- Adjusted EBITDA margin between 14.1% and 14.6%
- Adjusted EPS between $0.32 and $0.35
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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