- Vertiv press release ( NYSE: VRT ): Q2 Non-GAAP EPS of $0.10 in-line.
- Revenue of $1.4B (+11.1% Y/Y) beats by $80M .
- Strong demand continued. Second quarter orders up 17% (10% from price) from last year. Record high $4.4 billion backlog
- Strong net sales growth of 11.0% and organic net sales growth of 7.9% compared with second quarter 2021
- Lowering full year adjusted operating profit guidance to $475 million - $500 million, $37.5 million lower at mid-point of guidance range including $25 million from foreign currency
- Increasing fourth quarter sales and adjusted operating profit guidance which positions us well for a strong 2023.
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Vertiv Non-GAAP EPS of $0.10 in-line, revenue of $1.4B beats by $80M