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Bullboard - Stock Discussion Forum Vertiv Holdings Co VRT

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Vertiv Holdings Co. offers digital infrastructure technologies and deployable customized solutions to meet the specific business requirements and needs of a diverse group of customers. Its range of offerings includes alternate current and direct current power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, and... see more

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NYSE:VRT - Post Discussion

Vertiv Holdings Co > Vertiv Reports 60% Organic Orders Growth

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Post by Betteryear2 on Apr 26, 2024 8:38pm

Vertiv Reports 60% Organic Orders Growth

April 24, 2024 05:55 AM Eastern Daylight Time

COLUMBUS, Ohio--(BUSINESS WIRE)--Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its first quarter ended March 31, 2024. Vertiv reported first quarter 2024 net sales of $1,639 million, an increase of $118 million, or 8%, compared to last year’s first quarter. The book-to-bill ratio was 1.5x in the first quarter and organic orders (excluding foreign exchange) increased 60% from last year’s first quarter as underlying market demand remains strong, benefiting from AI deployments, including liquid cooling technologies, that are ramping up.

Vertiv Reports 60% Organic Orders Growth, 8% Net Sales Growth in First Quarter; Updates Full Year 2024 Outlook | Business Wire