Vertiv Holdings (NYSE:VRT) reported second-quarter results, with both earnings and revenues beating the consensus estimate.
Details
Net sales rose 30% year-over-year (Y/Y) to $2.650 billion, exceeding the $2.627 billion Street consensus. Organic sales increased 23% Y/Y in the quarter.
Adjusted operating profit rose 51% Y/Y to $551 million, with adjusted operating margin expanding 430 bps Y/Y to 20.8%. This is driven by operational leverage on higher volume and positive price-cost.
Adjusted EPS stood at $1.17, beating the consensus of $1.10. Liquidity stood at $5.0 billion at the end of the quarter.
Outlook
For the …