VERTIV HOLDINGS Reports Second Quarter FY2023 Earnings Results on August 2 2023

August 23, 2023

🌥️Earnings Overview

VERTIV HOLDINGS ($NYSE:VRT) reported on August 2 2023 their fiscal second quarter earnings results for the quarter ending June 30 2023, which showed total revenue amounting to USD 1734.1 million, a 23.9% increase from the same period in the previous year. Net income also rose significantly to USD 83.2 million, compared to the year-ago figure of USD 20.3 million.

Share Price

The market responded positively, as the stock opened at $33.0 and closed at $34.3, a soar of 29.2% from the previous closing price of 26.5. Investors were pleased with the company’s performance in the second quarter and the outlook it gave for the following quarters. This strong performance in the second quarter has been attributed to the strong demand for their high-end digital infrastructure products. The company is confident that they will continue to experience strong demand for their products in the coming quarters and this positive outlook has increased investor confidence in their stocks.

The strong performance has also been attributed to their aggressive cost cutting strategies and focus on operational excellence. This has enabled them to increase their profit margins and improve their bottom line results. Overall, this robust performance in the second quarter has set a positive tone for VERTIV HOLDINGS going forward, as investors are increasingly optimistic about their future prospects. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

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

    Total Revenues Net Income Net Margin
    6.39k 181.3 4.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

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

    Operations Investing Financing
    480.7 -105.9 -297.2
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

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

    Total Assets Total Liabilities Book Value Per Share
    7.26k 5.6k 4.37
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

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

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    49.8% 105.3% 7.7%
    FCF Margin ROE ROA
    5.6% 19.2% 4.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    As a GoodWhale investor, you can analyze VERTIV HOLDINGS‘s financials to help you make an informed decision about potential investments. Our Risk Rating system has identified VERTIV HOLDINGS as a high risk investment, with both financial and business aspects that should be carefully considered before investing. In terms of financials, GoodWhale has detected two risk warnings in the income sheet and balance sheet. Register with us to see the full details of these warnings and consider how they might impact your decision to invest. By understanding the risks associated with potential investments, you can make sound decisions that will benefit you in the long run. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • 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 in Vertiv Holdings have had great reason to be pleased with the company’s latest financial results. For the second quarter of FY2023, total revenue was USD 1734.1 million, a 23.9% increase year-over-year, while net income reached USD 83.2 million, compared to the previous year’s figure of USD 20.3 million. This successful quarter sent the stock price up on the same day, indicating a positive outlook for investors. It is likely that the company’s strong financial performance will continue, with analysts predicting good returns for those investing in Vertiv Holdings.

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