VRT Q1 2023 Earnings — Vertiv Holdings Co Revenue & Financial Results | Market Cap Arena

VRTVertiv Holdings Co

$103B

Q1 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$1.5B+31.5% YoY

Gross Profit

$450M29.6% margin

Operating Income

$142M9.3% margin

Net Income

$50M3.3% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

-8.1%

Cash Flow

Operating Cash Flow

$42M

Free Cash Flow

$12M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$5.7B

Stockholders' Equity

$1.6B

Cash & Equivalents

$281M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.2B	+31.5%
Gross Profit	$450M	$246M	+83.1%
Operating Income	$142M	-$46M	+405.8%
Net Income	$50M	$9M	+491.8%

Revenue Segments

Product

$1.2B78%

Service

$335M22%

Geographic Segments

Americas Segment

$188M51%

Asia Pacific Segment

$104M28%

EMEA Segment

$78M21%