VRT - Vertiv Analysts Raise Their Forecasts Following Strong Earnings | Benzinga
Vertiv Holdings Co (NYSE:VRT) reported upbeat first-quarter financial results and raised its 2024 guidance on Wednesday.
Net sales rose 8% Y/Y to $1.64 billion, beating the consensus of $1.62 billion. Organic orders (excluding foreign exchange) rose 60% Y/Y, led by strong underlying market demand benefiting from the ramp-up of AI deployments. Adjusted EPS stood at 43 cents, beating the consensus of 36 cents, according to data from Benzinga Pro.
Giordano Albertazzi, Chief Executive Officer, said, "We are seeing order ...