Vertiv Q4 2024 Earnings Report

Key Takeaways

Vertiv Holdings Co reported strong Q4 2024 results, with net sales increasing 26% year-over-year to $2.35 billion. Adjusted EPS rose 77% to $0.99. Operating profit grew 60% to $457 million, while adjusted operating profit increased 53% to $504 million. The company also reported strong order growth, particularly in the Americas, and improved operating margins.

Total Revenue

$2.35B

Previous year: $1.87B

+25.8%

EPS

$0.99

Previous year: $0.56

+76.8%

Operating Margin

21.5%

Previous year: 17.7%

+21.5%

Adjusted Operating Income

$504M

Previous year: $330M

+52.5%

Organic Orders Growth

30%

Cash and Equivalents

$1.23B

Previous year: $780M

+57.3%

Free Cash Flow

$362M

Previous year: $308M

+17.4%

Total Assets

$9.13B

Previous year: $8B

+14.2%

Vertiv Revenue

Vertiv EPS

Vertiv Revenue by Segment

Vertiv Revenue by Geographic Location

Forward Guidance

Vertiv expects continued strong performance in 2025, with projected revenue growth and margin expansion. Full-year net sales are anticipated to reach between $9.13 billion and $9.28 billion, while adjusted EPS is projected to range from $3.50 to $3.60.

Positive Outlook

Expected full-year revenue growth of 16%.
Projected adjusted EPS increase of 25%.
Continued strong demand for data center infrastructure.
Pipeline growth in key markets, particularly hyperscale and colocation sectors.
Improved operational efficiencies supporting margin expansion.

Challenges Ahead

Foreign exchange headwinds impacting revenue.
Increased working capital requirements due to business growth.
Higher cash tax payments expected due to increased profitability.
Potential challenges from macroeconomic conditions and policy changes.
Ongoing supply chain cost pressures in certain areas.