VRT Q1 2024 Earnings — Vertiv Holdings Co Revenue & Financial Results | Market Cap Arena

VRTVertiv Holdings Co

$103B

Q1 2024 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$1.6B+7.8% YoY

Gross Profit

$517M31.5% margin

Operating Income

$203M12.4% margin

Net Income

-$6M-0.4% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

-12.1%

Cash Flow

Operating Cash Flow

$138M

Free Cash Flow

$101M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$7.6B

Total Liabilities

$6.2B

Stockholders' Equity

$1.4B

Cash & Equivalents

$281M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.5B	+7.8%
Gross Profit	$517M	$450M	+14.7%
Operating Income	$203M	$142M	+43.1%
Net Income	-$6M	$50M	-111.7%

Revenue Segments

Product

$1.3B77%

Service

$369M23%

Geographic Segments

Americas Segment

$933M53%

EMEA Segment

$472M27%

Asia Pacific Segment

$360M20%