VRT Q2 2023 Earnings — Vertiv Holdings Co Revenue & Financial Results | Market Cap Arena

VRTVertiv Holdings Co

$103B

Q2 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$1.7B+23.9% YoY

Gross Profit

$549M31.6% margin

Operating Income

$221M12.7% margin

Net Income

$83M4.8% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+14.0%

Cash Flow

Operating Cash Flow

$254M

Free Cash Flow

$227M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$5.6B

Stockholders' Equity

$1.7B

Cash & Equivalents

$280M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.4B	+23.9%
Gross Profit	$549M	$316M	+73.8%
Operating Income	$221M	$28M	+686.5%
Net Income	$83M	$20M	+309.9%

Revenue Segments

Product

$1.4B78%

Service

$374M22%

Geographic Segments

Americas Segment

$208M51%

Asia Pacific Segment

$110M27%

EMEA Segment

$86M21%