Strong Q3 For Vertiv: Revenue Rises 19%, But Stock Takes A Hit

Vertiv Holdings Co (NYSE:VRT) shares are trading lower after the company reported third-quarter results.

Net sales rose 19% year-over-year to $2.074 billion, beating the consensus of $1.977 billion. Organic orders (excluding foreign exchange) rose 17%.

Adjusted operating profit surged 41% to $417 million, with the margin expanding 310 basis points to 20.1%, driven by higher volumes and favorable commercial execution.

Adjusted EPS stood at $0.76, beating the consensus of $0.69.

Operating cash flow reached $375 million, and adjusted free cash flow stood at $336 million in the quarter. Liquidity stood at $1.5 billion with no borrowings under the ABL credit facility at the end of the quarter.

Giordano ...