Vertiv reports Q2 adjusted EPS 95c, consensus 83c

Reports Q2 revenue $2.64B, consensus $2.36B. Reports backlog of $8.5B and a book-to-bill ratio of approximately 1.2x for the quarter. “Vertiv’s (VRT) second quarter performance demonstrates the strength of our market position and our ability to execute at scale,” said Giordano Albertazzi, Vertiv’s Chief Executive Officer. “Our 35% sales growth and robust orders momentum reflect both strong market demand and our expanded capabilities to serve our customers’ increasingly complex infrastructure needs. We are strategically investing in capacity expansion and accelerating our innovation pipeline to capitalize on unprecedented data center growth, particularly in AI-enabled infrastructure. The announced agreement to acquire Great Lakes Data Racks & Cabinets further strengthens our position in the fast-growing data center market. As we progress on our strong growth trajectory, we are vigorously addressing some temporary margin challenges which we anticipate will be materially addressed by the end of 2025. Given our strong performance, backlog and positive outlook, we are raising our full-year adjusted diluted EPS, net sales, adjusted operating profit and adjusted free cash flow forecast, positioning Vertiv for even stronger performance in the quarters ahead.”