Vertiv Q3 2024 Earnings Report
Key Takeaways
Vertiv reported a strong third quarter with net sales of $2,074 million, a 19% increase compared to Q3 2023. The company's adjusted operating margin reached 20.1%, and they raised full-year 2024 guidance across all financial metrics.
Net sales increased by 19% compared to the third quarter of 2023, reaching $2,074 million.
Operating profit rose by 48% compared to the third quarter of 2023, while adjusted operating profit increased by 41%.
Adjusted operating margin expanded by 310 basis points to 20.1% in the third quarter of 2024.
The company is raising full year 2024 guidance across all financial metrics.
Vertiv
Vertiv
Vertiv Revenue by Segment
Vertiv Revenue by Geographic Location
Forward Guidance
Vertiv is raising its full year 2024 guidance across all financial metrics. 2025 organic sales growth expected to accelerate from 14% in 2024
Positive Outlook
- Net sales: $2,115M - $2,165M
- Organic net sales growth: 11% - 15%
- Adjusted operating profit: $427M - $447M
- Adjusted operating margin: 20.2% - 20.6%
- Adjusted diluted EPS: $0.80 - $0.84