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home / news releases / VRT - Vertiv Holdings: Continued Strong Growth Should Drive The Stock Further Post Earnings

VRT - Vertiv Holdings: Continued Strong Growth Should Drive The Stock Further Post Earnings

Vertiv Holdings LLC Class A

2024-07-22 05:10:08 ET

Summary

  • Vertiv Holdings is set to report its second-quarter FY2024 earnings this week.
  • VRT experienced double-digit topline growth in 2023, with moderate growth in 2024 due to tougher comps in the Americas region.
  • Healthy demand and a strong backlog level are expected to drive topline growth in the upcoming quarter.
  • Benefits from expected volume growth, favorable price/cost, and productivity improvement should help in expansion in 2024.
  • The company's stock is trading above its historical average and peers, but strong margin prospects make it a decent buy at the current levels.

The Thesis

For further details see:

Vertiv Holdings: Continued Strong Growth Should Drive The Stock Further Post Earnings
Stock Information
Company Name: Vertiv Holdings LLC Class A
Stock Symbol: VRT
Market: NYSE
Website: vertiv.com
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