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Dec 31, 2020
Vertiv Q4 2020 Earnings Report
Vertiv reported strong Q4 2020 operating performance with net sales growth and increased adjusted EBITDA margin.
Key Takeaways
Vertiv reported an 11.4% increase in fourth-quarter net sales compared to the prior year, driven by strength in cloud, colocation, and telecommunication end markets. Net income for the quarter was $75 million, and adjusted EBITDA reached $187 million, with a 160 basis point increase in adjusted EBITDA margin. The company's quarter-end liquidity stood at $964 million, benefiting from a public warrant redemption.
Net sales increased by 11.4% compared to the prior year fourth quarter.
Organic sales grew by 9.5%.
Net income was $75 million.
Adjusted EBITDA was $187 million, with a margin of 14.3%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Full year 2021 guidance includes net sales in the range of $4,750 million to $4,800 million, organic net sales growth of 6.5% to 7.5% and adjusted diluted earnings per share of $1.01 to $1.06. Adjusted operating profit guidance of $565 million to $585 million, up 68% at the mid-point of guidance compared to full year 2020.
Positive Outlook
- Net sales in the range of $4,750 million to $4,800 million
- Organic net sales growth of 6.5% to 7.5%
- Adjusted diluted earnings per share of $1.01 to $1.06
- Adjusted operating profit guidance of $565 million to $585 million
- Adjusted operating profit guidance up 68% at the mid-point of guidance compared to full year 2020
Historical Earnings Impact
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Avg. Return Before/After Earnings
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