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