VERTIV HOLDINGS Reports FY2022 Q4 Earnings Results for Year-End December 31 2022

Earnings Overview

On February 22 2023, VERTIV HOLDINGS ($NYSE:VRT) reported its earnings results for FY2022 Q4 ending on December 31 2022. The quarter’s total revenue was USD 26.6 million, a 20.9% rise from the same period in the previous year. Net income was also higher by 17.3%, amounting to USD 1654.6 million.

Transcripts Simplified

Vertiv’s fourth quarter financial results were lower than their expectations, but overall improved from the prior year. Net sales increased 17% from the fourth quarter of last year, with organic growth including 12% from volume and 10% from pricing. Adjusted operating profit was $211 million, a record high, but below their guidance range due to lower-than-anticipated volume in China and weaker-than-expected performance from E& I. They realized a $135 million pricing benefit and a $165 million higher sales volume contributed $50 million higher adjusted operating profit. Foreign exchange, although favorable versus expectation, was still a $15 million headwind versus prior year.

E& I performance was below expectations due to cost overruns on several large projects. Vertiv is addressing these issues as they continue to integrate E& I in their processes and systems.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Vertiv Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Vertiv Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Vertiv Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Vertiv Holdings are shown below. More…

Stock Price

VERTIV HOLDINGS, a leading provider of critical infrastructure solutions, has reported its financial results for the fourth quarter of their fiscal year 2022 ending December 31, 2022. On Wednesday, VERTIV HOLDINGS opened the day at $17.0 and closed at $15.5, subsequently ending the day up 1.7% from the previous closing price of $15.3. The company reported an increase in both revenue and net income for the quarter compared to the same period last year. This dividend will be payable on March 15, 2023 to shareholders of record as of February 15, 2023.

Overall, VERTIV HOLDINGS had a successful fourth quarter of 2022, with increased revenue and net income and a higher dividend payout to shareholders. The company is well positioned going into their next fiscal year and investors can anticipate continued growth in the coming months. Live Quote…

Analysis

At GoodWhale, we conducted an analysis of VERTIV HOLDINGS‘ financials and concluded that the investment is a high risk one. Our Risk Rating system has identified two major risk warnings in their income sheet and balance sheet. For investors considering a high-risk investment such as VERTIV HOLDINGS, it is important to be aware of the risks associated with it. We highly recommend that you register with us to get more detailed information about the risks detected in VERTIV HOLDINGS’ financials. By doing so, you will have access to comprehensive insights into the company’s financial health and can make more informed decisions when it comes to investing. More…

Peers

The competition among Vertiv Holdings Co, Enedo PLC, Landis+Gyr Group AG, and Cyberpower Systems Inc is fierce. All four companies are vying for a share of the market for critical infrastructure solutions. Enedo PLC is a provider of critical infrastructure solutions. Landis+Gyr Group AG is a provider of critical infrastructure solutions. Cyberpower Systems Inc is a provider of critical infrastructure solutions.

– Enedo PLC ($LTS:0E96)

Enedo PLC is a clinical-stage biopharmaceutical company dedicated to the development of first-in-class therapies for the treatment of cancer. The company’s market cap is 17.11M as of 2022 and its ROE is -72.98%. Enedo’s lead candidate, ENED-150, is a targeted therapy that is currently being evaluated in a Phase 1 clinical trial in patients with solid tumors.

– Landis+Gyr Group AG ($LTS:0RTL)

The Landis+Gyr Group AG is a Swiss-based company that focuses on the development and production of products and solutions in the field of energy management. The company has a market capitalization of 1.58 billion as of 2022 and a return on equity of 4.42%. Landis+Gyr is a leading provider of advanced metering, data collection and communication systems for electric, gas and water utilities. The company’s products and solutions are used by utilities around the world to manage energy resources more efficiently, provide better customer service and reduce environmental impact.

– Cyberpower Systems Inc ($TWSE:3617)

Cyberpower Systems Inc is a publicly traded company with a market capitalization of $7.36 billion as of 2022. The company has a return on equity of 6.69%. Cyberpower Systems Inc is engaged in the design, manufacture, and marketing of power protection and power management products, including UPS systems, inverters, surge protectors, and batteries. The company also provides data center solutions, such as data center infrastructure management, server and storage virtualization, and cloud computing solutions.

Summary

Investors looking to evaluate their position in VERTIV HOLDINGS should consider the company’s recent financial performance. In the fourth quarter of 2022, VERTIV HOLDINGS reported total revenues of USD 26.6 million, an increase of 20.9% year-over-year. This was accompanied by a net income growth of 17.3%, reaching USD 1654.6 million.

This growth in sales and profits could be indicative of strong overall financial performance and positive future growth prospects. Investors should consider these results when evaluating their investment in VERTIV HOLDINGS.