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Dec 31, 2022
Vertiv Q4 2022 Earnings Report
Vertiv reported record Q4 2022 net sales, operating profit, adjusted operating profit, and price realization.
Key Takeaways
Vertiv reported a strong Q4 2022 with net sales of $1,655 million, a 17.3% increase compared to the previous year. Operating profit was $162 million, and adjusted operating profit reached $211 million. The company's backlog reached a record high of $4.8 billion.
Net sales reached $1,655 million, with a 17.3% increase compared to Q4 2021.
Operating profit was $162 million, a significant increase from the prior year.
Adjusted operating profit was $211 million, driven by pricing and volume benefits.
Backlog reached a record high of $4.8 billion, providing visibility for 2023 growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Vertiv anticipates 2023 organic net sales growth of 15%, supported by its backlog. Full-year guidance for adjusted operating profit is up over 75%, and adjusted operating margin is up 430 basis points versus 2022.
Positive Outlook
- 2023 organic net sales growth of 15%
- Price realization of $275 million
- Overall price-cost tailwind of $100 million versus the prior year.
- Adjusted operating profit is up over 75%
- Adjusted operating margin is up 430 basis points versus 2022.
Challenges Ahead
- Macro-economic environment remains uncertain
- Incremental investment of $40 million planned for 2023.
- Adjusted Free Cash Flow(2)($100M) – ($50M)
- First Quarter 2023 Net sales $1,350M - $1,450M
Historical Earnings Impact
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Avg. Return Before/After Earnings
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