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Dec 31, 2023
Vertiv Q4 2023 Earnings Report
Vertiv reported strong Q4 2023 results, with increased net sales, organic orders, and operating profit.
Key Takeaways
Vertiv reported a strong fourth quarter with net sales of $1,865 million, a 13% increase compared to Q4 2022. Organic orders were up 23%, and operating profit increased by 57%. The company's adjusted free cash flow also saw a significant rise.
Net sales increased by 13% to $1,865 million compared to Q4 2022.
Organic orders rose by 23% compared to the same period last year.
Operating profit increased by 57% to $285 million.
Adjusted operating margin expanded 500 basis points to 17.7%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Vertiv expects full year 2024 net sales growth of 10%, operating profit of $1,095 to $1,145 million and adjusted operating profit of $1,275 to $1,325 million, a 23% increase at the mid-point compared to full year 2023
Positive Outlook
- Expect full year 2024 net sales growth of 10%.
- Operating profit of $1,095 to $1,145 million is expected for full year 2024.
- Adjusted operating profit of $1,275 to $1,325 million is anticipated for full year 2024.
- A 23% increase in adjusted operating profit at the mid-point compared to full year 2023 is projected.
- Expect full year 2024 adjusted free cash flow of $800 to $850 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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