Future

2024

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Vertiv Holdings Co. (NYSE: VRT) reported net sales of $1.865 billion in <a aria-label="Q4 (opens in a new tab)" href="https://investors.vertiv.com/financial-news/news-details/2024/Vertiv-Reports-Strong-Fourth-Quarter-Results-and-Provides-Full-Year-2024-Outlook/default.aspx" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Q4</a>, marking a 13% increase year-over-year, excluding the impact of foreign currency fluctuations. This growth stems from a strong book-to-bill ratio of 1.3x and a 23% increase in organic orders from the previous year’s quarter.</p> 
<p>Operating profit saw a notable rise to $285 million, up $123 million, with adjusted operating profit reaching $330 million, a 57% increase from the fourth quarter of 2022. This improvement was driven by enhanced commercial execution, higher volume, and productivity, albeit partially offset by research and development (R&amp;D) investments and capacity expansion. Five hundred basis points also widened the adjusted operating margin to 17.7%​​.</p> 
<h3 id="vrt-misses-on-revenue-expectations-in-q4">VRT Misses on Revenue Expectations in Q4</h3> 
<p>Analysts had anticipated earnings per share (<a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">EPS</a>) of $0.53 and revenue of $1.88 billion, positions that Vertiv surpassed with an adjusted EPS of $0.56 and a slight miss on the revenue front. However, the company’s overall performance and growth trajectory compensated for the marginal revenue discrepancy.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="guidance-for-the-future">Guidance for the Future</h3> 
<p>Looking forward, Vertiv has laid out a positive and ambitious guidance for 2024, driven by the accelerating trends in the data center market and the increasing demand for critical digital infrastructure, particularly to support <a href="https://tokenist.com/3-ai-stocks-that-nvidia-nvda-is-buying/" rel="dofollow" class="deco-link">AI deployment</a> at scale.</p> 
<p>The company is ramping up growth opportunities through its extensive experience, leadership technology, and comprehensive portfolio. For the first quarter of 2024, Vertiv anticipates net sales to be between $1.575 billion and $1.625 billion, with adjusted operating profit expected to be in the range of $200 million to $220 million. The full-year 2024 guidance projects net sales between $7.515 billion and $7.655 billion</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/vertiv-holdings-vrt-stock-plunges-after-q4-revenue-miss/">Vertiv Holdings (VRT) Stock Plunges After Q4 Revenue Miss</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Vertiv Holdings (VRT) Stock Plunges After Q4 Revenue Miss

Table of Contents

Tokenist

Other articles published on Feb 21, 2024

Analyst: "The Trend in 2023 is Changing! The Name of the Trend in 2024 Will Be Ethereum! Here's W...

Starknet Token Surges with Coinbase Pro Exchange Listing

Is FLOKI’s rising popularity a threat to SHIB?

Bitget Lists Autonolas (OLAS) Token to its Trading Platform

Shiba Inu Coin Gains Momentum: A Look at the Surging Crypto Activity and Market Impact

Team Liquid Revamps Fan Program with Sui Blockchain

Join our free newsletter for daily crypto updates!