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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.
Vertiv
Vertiv
Vertiv Revenue by Segment
Vertiv Revenue by Geographic Location
Revenue by Segment
Products Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comEMEA Revenue
CapyFin.com 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
- First Quarter 2023 Adjusted operating profit $115M – $135M