VRT Q2 2024 Earnings — Vertiv Holdings Co Revenue & Financial Results | Market Cap Arena

VRTVertiv Holdings Co

$103B

Q2 2024 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$2.0B+12.6% YoY

Gross Profit

$695M35.6% margin

Operating Income

$332M17.0% margin

Net Income

$178M9.1% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+19.1%

Cash Flow

Operating Cash Flow

$382M

Free Cash Flow

$337M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$8.1B

Total Liabilities

$6.6B

Stockholders' Equity

$1.5B

Cash & Equivalents

$588M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$1.7B	+12.6%
Gross Profit	$695M	$549M	+26.8%
Operating Income	$332M	$221M	+50.0%
Net Income	$178M	$83M	+114.1%

Revenue Segments

Product

$1.6B80%

Service

$398M20%

Geographic Segments

Americas Segment

$1.1B53%

EMEA Segment

$561M26%

Asia Pacific Segment

$448M21%