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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%.
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 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