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