Vertiv reported a 5.8% increase in net sales and a 17.2% increase in orders, reaching a record backlog of $2.4 billion. The company's operating profit was $82 million, and adjusted operating profit was $131 million. Diluted earnings per share were $0.15, and adjusted diluted earnings per share were $0.20.
Robust end-market demand continued with double-digit order growth and record backlog of $2.4 billion.
Net sales growth of 5.8% and organic net sales growth of 3.9% versus prior year third quarter.
Third quarter operating profit of $82 million and adjusted operating profit of $131 million, with operating profit margin of 6.7% and adjusted operating profit margin of 10.7%.
Diluted earnings per share of $0.15 and adjusted diluted earnings per share of $0.20.
Vertiv has updated its guidance to include impacts from the E+I acquisition, as well as the divestiture of the heavy industrial UPS business. The net impacts from these transactions are an additional $55 million in net sales and $13 million in adjusted operating profit and are included in the guidance table for both fourth quarter and full year 2021.
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