Vertiv Reports Strong First Quarter 2025 Results

Vertiv reported a robust performance for the first quarter of 2025, highlighting strong demand across digital infrastructure and data center markets. Net sales reached $2.04 billion, up 24% from the same period in 2024, with organic net sales growth of 25%. Orders rose 13% year-over-year and 21% sequentially, driving a book-to-bill ratio of approximately 1.4x. Backlog stood at $7.9 billion, up 10% from the previous quarter and 25% year-over-year.

Net income per diluted share was $0.42, with adjusted diluted EPS at $0.64, up 49% from the prior year. Operating profit was $291 million, with adjusted operating profit at $337 million, representing year-over-year growth of 43% and 35%, respectively. Adjusted operating margin expanded 130 basis points to 16.5%, benefiting from pricing, productivity, and higher volume, partially offset by tariff and regional mix pressures.

CEO Giordano Albertazzi emphasized the role of AI infrastructure demand, including the iGenius project and strategic alignment with NVIDIA's GB200 and GB300 platforms. Vertiv expects to mitigate the effects of current tariffs through its diversified global operations.

Adjusted free cash flow rose to $265 million, up $164 million year-over-year, with operating cash flow at $303 million. Liquidity remained strong at $2.3 billion and net leverage was approximately 0.8x. Fitch assigned Vertiv a BBB- credit rating with a stable outlook.

Vertiv raised its full-year 2025 net sales guidance by $250 million at the midpoint while maintaining adjusted EPS, operating profit, and free cash flow guidance.

Vertiv Holdings Co. (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its first quarter 2025 results before market open on Wednesday, April 23, 2025. The press release will contain a link to the presentation materials providing a first quarter 2025 update, which will be available on Vertiv's website at investors.vertiv.com. Vertiv's management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.0375 per share of the company’s Class A common stock. The cash dividend will be payable on March 27, 2025, to shareholders of record of Class A common stock at the close of business on March 18, 2025.