2023-04-26 05:59:58 ET
- Vertiv press release ( NYSE: VRT ): Q1 Non-GAAP EPS of $0.24 beats by $0.08 .
- Revenue of $1.52B (+31.0% Y/Y) beats by $110M .
- Increasing full year 2023 operating profit guidance at the midpoint to $618 million, and adjusted operating profit guidance at the midpoint to $800 million, up 82% compared to 2022.
- Expects 2023 net sales $6.45B - $6.6B vs. consensus of $6.49B, adjusted operating profit of $775M - $825M and adjusted EPS of $1.22 - $1.32 vs. consensus of $1.19.
- For Q2, net sales $1,550M - $1,650M vs. consensus of $1.61B, adjusted operating profit of $180M – $200M and adjusted EPS of $0.25 - $0.31 vs. consensus of $0.27.
For further details see:
Vertiv beats Q1 top and bottom line estimates; initiates Q2 and updates FY23 outlook