Vertiv Holdings LLC (VRT)

Vertiv Declares Quarterly DividendJune 3, 2026 6:30 AM
PR Newswire (US) COLUMBUS, Ohio, June 3, 2026 /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, today announced that its Board of Directors has declared a quarterly cash dividend of $0.0625 per share of the company's Class A common stock. The cash dividend will be payable on June 25, 2026, to shareholders of record of Class A common stock at the close of business on June 15, 2026. About Vertiv Holdings Co
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit vertiv.com.Category: Financial NewsFor investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: lynne.maxeiner@vertiv.comFor media inquiries, please contact:
Ruder Finn for Vertiv
E: Vertiv@ruderfinn.com View original content to download multimedia:https://www.prnewswire.com/news-releases/vertiv-declares-quarterly-dividend-302789951.htmlSOURCE Vertiv Holdings Co Original: Vertiv Declares Quarterly Dividend

Vertiv Introduces First Converged Physical Infrastructure Digital Twin for NVIDIA Omniverse DSXJune 1, 2026 12:16 PM
PR Newswire (US) Model-based digital twin capability of Vertiv™ SmartRun helps accelerate AI factory design, simulation, and deployment workflowsCOLUMBUS, Ohio, June 1, 2026 /PRNewswire/ -- Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced progress on a production-grade digital twin capability for Vertiv™ SmartRun integrated in the NVIDIA Omniverse DSX Blueprint, advancing the company's roadmap to make AI factory infrastructure more configurable, repeatable, and simulation-ready. As AI deployments scale to higher densities and larger capacities, data centers need a faster, more reliable way to turn each generation of computing into real-world infrastructure. Traditional, document-based processes and siloed handoffs across power, cooling, controls, and deployment teams can't keep pace. Vertiv SmartRun digital twin shifts planning to a model-based approach, allowing infrastructure to be designed, simulated, and validated as a single system before build-out. By capturing system configurations and dependencies in a virtual environment, it helps reduce late-stage design changes and integration risk, improve confidence through simulation, and accelerate time from planning to operational readiness—while improving coordination across teams."AI infrastructure can no longer be planned one compute generation at a time," said Scott Armul, chief product and technology officer at Vertiv. "To deliver more tokens per second per megawatt, customers need power, cooling, controls, and deployment workflows to be designed as one interdependent system. The Vertiv SmartRun digital twin helps encode Vertiv's infrastructure expertise into configurable, simulation-ready building blocks that support faster, more confident AI factory planning. As we extend this approach to Vertiv™ OneCore Rubin DSX, Vertiv is helping customers translate future compute requirements into deployable physical infrastructure before those requirements reach full deployment scale."The Vertiv SmartRun digital twin is the first phase in Vertiv's multi-phase AI factory digital twin roadmap. Digital twins are designed to help close the gap between accelerated compute innovation and physical infrastructure readiness, preserving engineering intent from early configuration and simulation through deployment, commissioning, lifecycle assurance, and future optimization."AI factories require full-stack co-design across compute and physical infrastructure," said Vladimir Troy, vice president of AI Infrastructure at NVIDIA. "NVIDIA Omniverse DSX Blueprint helps the ecosystem build, simulate, and optimize gigawatt-scale AI factory digital twins using OpenUSD, SimReady assets, and power, thermal, and operational simulations. Bringing Vertiv SmartRun into this workflow can help customers evaluate infrastructure choices earlier and prepare for multiple generations of accelerated computing."At Computex Taipei 2026, Vertiv will demonstrate Vertiv™ SmartRun as both a physical infrastructure system and a configurable digital twin, allowing attendees to explore configuration scenarios and see how model-based design choices can support downstream infrastructure planning, coordination, and simulation workflows. Created using Dassault Systèmes model-based systems engineering capabilities on the 3DEXPERIENCE platform and connected to NVIDIA Omniverse DSX workflows, the demonstrator establishes a shared digital foundation for configuration, simulation, validation, and future optimization across the AI factory infrastructure lifecycle."Digital twins allow complex infrastructure systems to be represented with the intelligence of their configuration rules, dependencies, and engineering intent," said Stéphane Sireau, vice president of high tech industry at Dassault Systèmes. "At Computex, Vertiv, Dassault and NVIDIA demonstrate how Vertiv's AI factory infrastructure is moving from document-based design workflows toward an industrialized, model-based systems engineering approach optimized for speed, quality, and system-level performance."See the video "Simulation-ready converged physical infrastructure for AI at scale" to learn more about leveraging digital twin for Vertiv's solutions for AI infrastructure, or visit Vertiv.com.About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.CONTACT
Vertiv@ruderfinn.com View original content to download multimedia:https://www.prnewswire.com/news-releases/vertiv-introduces-first-converged-physical-infrastructure-digital-twin-for-nvidia-omniverse-dsx-302787314.htmlSOURCE Vertiv Holdings Co Original: Vertiv Introduces First Converged Physical Infrastructure Digital Twin for NVIDIA Omniverse DSX

Vertiv Hosts Investor ConferenceMay 19, 2026 8:00 AM
PR Newswire (US) COLUMBUS, Ohio, May 19, 2026 /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, will host its previously announced Investor Conference today in Greenville, South Carolina, beginning today at 2:30 p.m. Eastern Time.  At the Investor Conference, the Company's management team will provide updates on Vertiv's strategic initiatives, latest innovations, financial outlook and overall market trends. The two-day program will continue tomorrow, May 20, starting at 8:00 a.m. Eastern Time, with a technology-focused presentation.As previously announced, a webcast of the live event and presentation materials will be accessible via the Investor Relations section of Vertiv's website at investors.vertiv.com at approximately 2:15 p.m. Eastern Time on May 19, and at approximately 7:45 a.m. Eastern Time on May 20. A recording of the event will also be available for 30 days following the live webcast at investors.vertiv.com.About Vertiv Holdings Co
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit vertiv.com.Category: Financial NewsFor investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: lynne.maxeiner@vertiv.comFor media inquiries, please contact:
Ruder Finn for Vertiv
E: Vertiv@ruderfinn.com View original content to download multimedia:https://www.prnewswire.com/news-releases/vertiv-hosts-investor-conference-302775204.htmlSOURCE Vertiv Holdings Co Original: Vertiv Hosts Investor Conference

$9.8 Billion AI Data Center Lease Expands Hut 8’s (HUT) Contracted Capacity PipelineMay 6, 2026 10:43 AM
IH Market News Hut 8 signed a 15-year lease tied to a 352 MW AI data center deployment at its Beacon Point campus, significantly expanding the company’s contracted AI infrastructure backlog and long-term revenue visibility. Key Investor Takeaways Hut 8 (NASDAQ:HUT) announced a 15-year AI data center lease valued at $9.8 billion for the first phase of its Beacon Point campus in Texas. The agreement covers 352 MW of IT capacity and increases Hut 8’s total contracted AI data center capacity to 597 MW. The company expects average annual NOI contribution of approximately $655 million once the project is stabilized. The campus is designed around NVIDIA’s DSX AI infrastructure architecture and supports future expansion up to 1,000 MW of utility capacity. Investors may focus on execution risk, financing structure, and Hut 8’s ability to commercialize additional capacity across its development pipeline. Why HUT Stock Is in Focus Hut 8 (NASDAQ:HUT) announced commercialization of the first phase of its Beacon Point AI data center campus in Nueces County, Texas through a 15-year lease agreement tied to 352 MW of IT capacity.The lease carries a base-term contract value of $9.8 billion and involves a confidential high-investment-grade tenant deploying compute infrastructure for AI training and inference workloads.Hut 8 said the facility will be designed according to NVIDIA’s DSX reference architecture for large-scale AI infrastructure deployments.The company expects cumulative net operating income contribution of approximately $9.8 billion during the base lease term, with projected average annual NOI contribution of roughly $655 million after stabilization.The agreement also includes three optional five-year renewal periods that could increase the total potential contract value to approximately $25.1 billion if fully exercised.Initial delivery of the first data hall is expected during the third quarter of 2027, while initial site energization is projected for the first quarter of 2027.The Beacon Point transaction expands Hut 8’s total contracted AI data center capacity to 597 MW, with aggregate base-term contract value now reaching approximately $16.8 billion.The company stated that the project was originally underwritten for a different commercialization pathway tied to American Bitcoin Corp. before being repositioned toward AI infrastructure as demand evolved.“Beacon Point underscores why we start with power and maintain flexibility across end markets,” said CEO Asher Genoot.“Operating across multiple applications lets us underwrite assets that single-use-case developers cannot, then redirect them toward higher-value commercialization pathways as demand evolves.”The company also highlighted partnerships with American Electric Power (NASDAQ:AEP), Vertiv (NYSE:VRT), and Jacobs (NYSE:J) as part of the project’s execution framework. Why This Matters for Investors The announcement significantly expands Hut 8’s long-term contracted AI infrastructure revenue base and reinforces its strategic shift toward large-scale AI data center development.The size and duration of the lease may strengthen investor confidence in the company’s ability to secure hyperscale customers and monetize energy infrastructure assets beyond cryptocurrency-related operations.The transaction also highlights the growing importance of power availability and utility-scale infrastructure in the AI data center market, particularly as demand rises for high-density compute deployments tied to AI training workloads.At the same time, investors may continue evaluating project execution risks, financing requirements, construction timelines, and the company’s ability to deliver large-scale infrastructure on schedule.The use of project-level financing and the campus’s remaining undeveloped capacity could also become important factors in future growth and capital allocation discussions. What To Watch Next Investors may monitor: Construction and energization milestones at Beacon Point Additional commercialization of remaining campus capacity Financing details tied to project-level development Expansion of Hut 8’s AI infrastructure customer base Progress across the company’s broader 8,375 MW development pipeline Future updates tied to NVIDIA-based AI infrastructure deployments Hut 8 stock price Original: $9.8 Billion AI Data Center Lease Expands Hut 8’s (HUT) Contracted Capacity Pipeline

Hut 8 Commercializes First Phase of 1 GW Beacon Point AI Data Center Campus with 15-Year, 352 MW IT Lease with Base-Term Contract Value of $9.8 BillionMay 6, 2026 6:30 AM
PR Newswire (US) Triple-net lease with high-investment-grade tenant valued at up to $25.1 billion if all renewal options are exercisedTransaction expands Hut 8's total contracted AI data center capacity to 597 MW with aggregate base-term contract value of approximately $16.8 billionHut 8 to deliver a 352 MW AI factory designed to NVIDIA's DSX reference architecture for gigawatt-scale AI infrastructureExecuted under Hut 8's repeatable delivery model with Tier 1 counterparties: American Electric Power (Nasdaq: AEP), Vertiv Holdings Co (NYSE: VRT), and Jacobs (NYSE: J)MIAMI, May 6, 2026 /PRNewswire/ -- Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced the commercialization of the first phase of its Beacon Point data center campus in Nueces County, Texas through a 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity (the "Transaction"). The tenant, a high-investment-grade company, will deploy dedicated compute infrastructure at the campus to support AI training and inference workloads at hyperscale. Beacon Point is the second AI data center campus commercialized under the Company's power-first, greenfield development model following River Bend. Hut 8 has executed an interconnection agreement for 1,000 MW of utility capacity, with initial energization expected in Q1 2027. As with River Bend, Hut 8 identified and secured the site through its power-first approach and subsequently commercialized it through a hyperscale AI lease. The Beacon Point transaction brings Hut 8's total contracted AI data center capacity to 597 MW of IT capacity with aggregate base-term contract value of approximately $16.8 billion and aggregate average annual NOI to approximately $1.1 billion.Transaction HighlightsLease Structure: Triple net (NNN) lease.Tenant Profile: Confidential, high-investment-grade company.Compute Architecture: Hut 8 to deliver a 352 MW AI factory designed to NVIDIA's DSX reference architecture for gigawatt-scale AI infrastructure.Base-Term Contract Value: Total contract value of $9.8 billion over a 15-year base lease term, inclusive of a 3.0% annual base rent escalator.NOI Contribution: Expected cumulative NOI contribution of $9.8 billion over the base lease term, translating to an expected average annual NOI contribution of $655 million upon stabilization.Upside Economics: Three 5-year renewal options increase potential contract value to approximately $25.1 billion assuming all three options are exercised.Delivery Timeline: Initial data hall delivery expected in Q3 2027.Project-level Financing: Hut 8 intends to support the development of Beacon Point with project-level financing that aims to optimize cost of capital at the asset level while maintaining disciplined long-term leverage metrics at the corporate level.Campus Scalability: 1,000 MW of utility capacity with initial energization expected in Q1 2027.Commercial Potential: The lease for 352 MW of IT capacity, requiring approximately 500 MW of utility capacity, represents the first phase of commercialization at a campus designed to support up to 1,000 MW of utility capacity, providing significant runway for potential campus expansion and revenue growth.Power-First Underwriting and the First Phase of Value CreationBeacon Point exemplifies Hut 8's power-first development model and the value creation it enables across the asset lifecycle. Originally underwritten on a speed-to-power thesis to serve Hut 8's affiliated customer, American Bitcoin Corp. ("ABTC"), the site was repositioned to AI infrastructure as power demand accelerated and customer requirements broadened. Hut 8 transitioned Beacon Point from its original commercialization pathway with ABTC to deliver an AI data center campus with contracted, investment-grade cash flows, marking the first phase of asset-level value creation at the campus.Asher Genoot, CEO of Hut 8, said: "Beacon Point underscores why we start with power and maintain flexibility across end markets. Operating across multiple applications lets us underwrite assets that single-use-case developers cannot, then redirect them toward higher-value commercialization pathways as demand evolves. This flexibility is intentional, and it is embedded in how we underwrite, develop, and commercialize infrastructure."First-Principles Engineering and the Second Phase of Value CreationBeacon Point also exemplifies Hut 8's first-principles engineering approach and the value creation it enables as technology applications evolve. Following the repositioning of the campus to AI, the first data hall was scoped for 224 MW of IT capacity, sized to the chip architectures commercially deployed at the time. As NVIDIA's DSX reference architecture advanced toward commercial deployment with materially higher rack-level power densities, Hut 8 redesigned the data hall to support a 352 MW AI factory, a 57% increase over the initial design, within the same land and utility footprint.Scalable, Partnership-Driven Execution ModelHut 8 is developing Beacon Point through a partnership-driven execution model first implemented at its River Bend campus. The model is structured to mitigate risk across the project lifecycle by aligning Tier 1 partners to defined roles across technology, engineering and construction, and critical systems delivery.Asher Genoot, CEO of Hut 8, said: "This transaction commercializes the first building of our newest gigawatt-scale campus and marks our second AI data center lease. More importantly, it demonstrates that our development model, which pairs power-first underwriting with disciplined commercialization and institutional execution, is repeatable and extendable across our broader pipeline."NVIDIA is engaged as technology partner, with Phase 1 of the campus engineered to NVIDIA's DSX reference architecture for gigawatt-scale AI factories. Jacobs, a global scienced-based consulting and advisory firm, is retained as EPCM (Engineering, Procurement and Construction Management) lead, working alongside Vertiv in its role supporting critical digital infrastructure systems.Bob Pragada, Chair and CEO of Jacobs, said: "Beacon Point underscores the strength of our partnership with Hut 8 and the discipline required to deliver AI infrastructure with speed, safety, and certainty. Building on our work together at River Bend, we are applying our EPCM leadership and advanced digital twin technology to set the benchmark for AI infrastructure deployment, optimization, and resiliency."Giordano Albertazzi, CEO of Vertiv, said: "Next generation AI infrastructure will be defined by how quickly power can be converted into AI capacity. Partnering with Hut 8 aligns with Vertiv's systems-level approach to converged physical infrastructure —  bringing power, cooling, and deployment execution at scale. At Beacon Point, we are applying Vertiv's global manufacturing depth, supply chain discipline, engineering expertise, and critical digital infrastructure portfolio to help deliver AI capacity with speed, reliability, and long-term performance."Utility and Regional PartnershipsHut 8 is developing the Beacon Point campus in collaboration with key Texas stakeholders, including AEP Texas, a subsidiary of American Electric Power (AEP), and the Corpus Christi Regional Economic Development Corporation (CCREDC). Hut 8 and AEP Texas have executed an interconnection agreement for 1,000 MW of utility capacity for the campus, with initial energization expected in Q1 2027.Hut 8 brings a long operating history in Texas and extensive experience working within ERCOT across large-load applications. This experience has enabled the Company to advance complex infrastructure projects by navigating market dynamics, interconnection processes, and transmission and system upgrade requirements while maintaining disciplined development and execution timelines.Aaron Bowman, CEO of CCREDC, said: "Beacon Point reflects the type of long-term investment that supports durable growth in the Coastal Bend economy. Hut 8's focus on power infrastructure and disciplined execution aligns with the region's assets and workforce capabilities, and we are pleased to support the advancement of this campus in Nueces County."Development Pipeline UpdateThe Transaction advances 500 MW of utility capacity from Energy Capacity Under Development to Energy Capacity Under Construction. An additional 500 MW of utility capacity from Beacon Point remains within Energy Capacity Under Development.  Hut 8 continues to advance opportunities across a broader pipeline spanning 7,545 MW of Energy Capacity Under Diligence, Exclusivity, and Development, applying the same power-first underwriting framework and institutional execution model demonstrated at River Bend and Beacon Point.StageDescriptionUtility Capacity   
As of May 6,
2026Energy Capacity Under
DiligenceSites identified for large-load use cases such as AI, HPC, ASIC compute, industrial applications such as
next generation manufacturing, and other energy-intensive technologies. At this stage, Hut 8 assesses site
potential by engaging with utilities, landowners, and other stakeholders to evaluate critical factors, including
power availability, infrastructure readiness, fiber connectivity, and overall commercial viability. 5,315 MWEnergy Capacity Under
ExclusivitySites where Hut 8 has secured a clear path to ownership through either: (i) an exclusivity agreement that prevents
the sale of designated land and power capacity to another party or (ii) a tendered interconnection agreement,
confirming a viable path to securing power and infrastructure for deployment.1,680 MW1Energy Capacity Under
DevelopmentSites where Hut 8 is actively investing in development and commercialization by executing definitive land and/or 
power agreements, advancing site design and infrastructure buildout, and engaging with prospective customers.550 MWEnergy Capacity Under
Construction Sites where Hut 8 has executed a definitive offtake agreement and commenced construction activities.830 MWTotalAll sites under diligence, exclusivity, development, commercialization, and construction.8,375 MW1
Note: (1) Excludes 1,000 MW of potential IT expansion capacity at River Bend, for which Fluidstack holds a ROFO under the River Bend lease.Non-GAAP Financial MeasuresThis press release includes a non-GAAP financial measure, expected net operating income (NOI) contribution, which the Company defines as expected lease revenue for a particular lease less any non-reimbursable operating expenses attributable to the leased property. The Company's management team uses expected NOI contribution to measure the expected operating performance of a particular lease. Operating income is the GAAP measure most directly comparable to expected NOI contribution. In evaluating expected NOI contribution, you should be aware that in the future the Company may incur non-reimbursable lease operating expenses that are not currently known. The Company's presentation of expected NOI contribution should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. Expected NOI contribution has important limitations as an analytical tool and you should not consider expected NOI contribution in isolation or as a substitute for analysis of results as reported under GAAP. For example, expected NOI contribution excludes the impact of selling, general and administrative expenses and depreciation and amortization, which have real economic effect and could materially impact the Company's consolidated financial results. Other companies, including Real Estate Investment Trusts, may calculate expected NOI contribution differently than the Company does and, accordingly, the Company's expected NOI contribution may not be comparable to similar measures published by such companies. No reconciliation of expected NOI contribution is included in this press release because the Company is unable to quantify certain amounts that would be required to be included in operating income without unreasonable efforts as such quantification would imply a degree of precision that would be confusing or misleading to investors.Additional Transaction Information and Upcoming CommunicationsHut 8 has made available on its website an investor presentation with further details regarding the Transaction.For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company's website, hut8.com/investors, and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.About Hut 8Hut 8 is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute. The Company develops, commercializes, and operates industrial-scale energy and data center infrastructure through a power-first, innovation-driven approach. For more information, visit hut8.com.Cautionary Note Regarding Forward-Looking InformationThis press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the terms, value, and expected benefits of the Transaction and the Agreement, including expected contract value, NOI contribution, and potential value from renewal options, the timing of development, construction, energization, and delivery of the Beacon Point campus, the Company's plans with respect to project-level financing, the expected capacity, scalability, and potential future expansion of the campus, the Company's development pipeline, and the Company's future business strategy, competitive strengths, expansion, and growth of the business and operations more generally, and other such matters is forward-looking information. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "is designed to", "likely," or similar expressions.Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, risks relating to the construction of new data centers, including cost overruns, delays, supply chain issues, permitting or regulatory hurdles, unexpected technical challenges, and dependency on contractors; risks relating to the financing of new data centers, including the potential dilutive impact of equity issuances (if any), access to capital markets, timing and cost of financing, and market conditions such as increases in interest rates, declining equity valuations, volatility in credit markets, or tightening lending standards; risks impacting our ability to expand the power capacity at the River Bend campus, such as limitations of transmission and/or generation resources; failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company's filings with the U.S. Securities and Exchange Commission. In particular, see the Company's recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company's EDGAR profile at sec.gov and SEDAR+ profile at sedarplus.ca. View original content to download multimedia:https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.htmlSOURCE Hut 8 Corp. Original: Hut 8 Commercializes First Phase of 1 GW Beacon Point AI Data Center Campus with 15-Year, 352 MW IT Lease with Base-Term Contract Value of $9.8 Billion

Vertiv Appoints Frieda He as Chief Procurement OfficerMay 5, 2026 6:46 AM
PR Newswire (US) COLUMBUS, Ohio, May 5, 2026 /PRNewswire/ -- Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced Frieda He has joined the company as Chief Procurement Officer (CPO). She will lead Vertiv's global procurement organization, with a focus on further strengthening supply chain resilience, enabling growth, optimizing cost and value, and driving supplier quality across the company's portfolio, including end-to-end power and thermal management solutions for data centers, communications networks, and commercial & industrial applications. Frieda brings nearly two decades of global procurement and supply chain leadership experience across the automotive and electrification businesses. In her most recent role, from December 2023 to March 2026, Frieda served as Chief Procurement Officer and a member of the Group Management Team at Polestar. She oversaw more than $3 billion in annual global spend across direct and indirect materials, supplier quality, R&D industrial programs, cost management, and global real estate, while leading cross-functional global teams and driving cost savings, governance, and enterprise transformation during periods of industry disruption."Frieda He is a proven global leader with deep experience building and scaling resilient, sustainable supply chains," said Gio Albertazzi, chief executive officer, Vertiv. "Her expertise in complex, multinational procurement environments and her track record of driving operational discipline and value creation will be critical as Vertiv continues to scale to meet accelerating demand from AI-driven and high-density digital infrastructure."Prior to Polestar, Frieda held a series of senior leadership roles at Volvo Cars, including vice president, head of global propulsion & sustainability procurement, where she led a more than $9 billion annual spend organization and played a key role in the company's electrification transformation. Her experience includes managing supply chains through global disruptions, strengthening supplier quality and capability, advancing sustainability and regulatory compliance, and supporting major structural transactions and joint ventures. Earlier in her career, she held procurement and supply chain roles in China and across the Asia-Pacific region, building deep expertise in global sourcing, cost engineering, and supplier development."I'm excited to join Vertiv at such a transformative moment for the digital infrastructure industry," said Frieda He. "Vertiv's role at the center of the global data center and critical infrastructure ecosystem presents a unique opportunity to create value through strong partnerships, operational excellence, and responsible, resilient supply chains."Frieda holds bachelor's degrees in general studies and business/commerce from Northeast Normal University in China, and an Executive MBA from the University of Oxford in England.About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.CONTACT
Vertiv@ruderfinn.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/vertiv-appoints-frieda-he-as-chief-procurement-officer-302762565.htmlSOURCE Vertiv Holdings Co Original: Vertiv Appoints Frieda He as Chief Procurement Officer

Vertiv Strengthens Liquid-Cooling System Capability with Acquisition of Strategic Thermal LabsApril 27, 2026 6:30 AM
PR Newswire (US)

Acquisition enhances engineering expertise for cold-plate design, server-side liquid cooling and high-density thermal validation to improve system-level performance, reliability, and lifecycle outcomesCOLUMBUS, Ohio, April 27, 2026 /PRNewswire/ -- Vertiv (NYSE: VRT), a global leader in critical digital infrastructure and continuity solutions, today announced it has acquired Strategic Thermal Labs LLC (STL), a specialist in advanced liquid-cooling technologies. The acquisition extends Vertiv's thermal-chain strategy by strengthening engineering capability at the interface between server-side liquid cooling and supporting infrastructure—an increasingly critical factor in high-density, liquid-cooled environments supporting AI and high-performance computing workloads.







As compute requirements continue to intensify, the interaction between server-side liquid cooling and supporting infrastructure increasingly influences broader system performance, including flow, balance, controls behavior, serviceability, and lifecycle reliability. Strategic Thermal Labs adds proven cold-plate design, server-side liquid cooling, and high-density thermal validation expertise that is expected to strengthen Vertiv's ability to simulate and emulate real high-density compute conditions, optimize the interaction between the thermal chain and power train, and support customers across design, integration, commissioning, and lifecycle operations."As AI and high-performance computing push power densities to unprecedented levels, understanding and solving heat challenges at the chip level becomes critical to system design, performance and reliability," said Scott Armul, chief product and technology officer at Vertiv. "STL brings deep expertise and proven capability in addressing some of the industry's most demanding chip-level density and thermal problems, strengthening Vertiv's ability to emulate and validate system-level solutions and enabling customers to improve performance and lifecycle outcomes in liquid-cooled environments."Vertiv emphasized that the acquisition does not change its commitment to an open ecosystem approach. The company will continue to support interoperable, server- and silicon-agnostic infrastructure solutions, with the goal of improving system-level performance and customer outcomes across diverse compute environments.The addition of Strategic Thermal Labs supports Vertiv's broader strategy of helping customers address increasing infrastructure complexity through integrated power, thermal, controls, and lifecycle services capabilities.For more information about Vertiv's end-to-end portfolio of power and thermal management systems, infrastructures solutions, and lifecycle services, visit Vertiv.com.About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.Category: Financial NewsForward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Those risk factors and risks related to the transaction, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: expected expenses related to the transaction; the possible diversion of management time on issues related to integration; the ability of Vertiv to maintain relationships with customers and suppliers of Strategic Thermal Labs; and the ability of Vertiv to retain management and key employees of Strategic Thermal Labs. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E lynne.maxeiner@vertiv.comFor media inquiries, please contact:
Ruder Finn for Vertiv
E Vertiv@RuderFinn.com










View original content to download multimedia:https://www.prnewswire.com/news-releases/vertiv-strengthens-liquid-cooling-system-capability-with-acquisition-of-strategic-thermal-labs-302754116.htmlSOURCE Vertiv Holdings Co

Original: Vertiv Strengthens Liquid-Cooling System Capability with Acquisition of Strategic Thermal Labs

Vertiv Reports Strong First Quarter with Diluted EPS Growth of 136% (Adjusted Diluted EPS Growth of +83%); Raises Full-Year GuidanceApril 22, 2026 5:55 AM
PR Newswire (US)

First Quarter 2026 ResultsNet sales of $2,650 million, 30% higher than first quarter 2025Operating profit up 51% and adjusted operating profit(1) up 64% from first quarter 2025. Adjusted operating margin of 20.8%, up 430 basis points compared to first quarter 2025Operating cash flow of $767 million and adjusted free cash flow of $653 million, an increase of 153% and 147%, respectively, compared to prior year first quarter. Net leverage of ~0.2x at the end of first quarter 2026Full Year 2026 GuidanceExpect net sales of $13,500 to $14,000 million, with organic sales growth of 29% to 31% compared to 2025Expect full year 2026 diluted EPS of $5.60 to $5.70 and adjusted diluted EPS of $6.30 to $6.40, an increase of 66% and 51%, respectively, at the midpoint compared to full year 2025COLUMBUS, Ohio, April 22, 2026 /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, today reported financial results for its first quarter ended March 31, 2026. Vertiv reported first quarter net sales of $2,650 million, an increase of $614 million, or 30%, compared to first quarter 2025, driven by 23% organic sales growth, 4% contribution from acquisitions, and 3% favorable currency translation impact. The Americas region led the organic sales growth, expanding 44% on strong data center demand.







First quarter operating profit of $440 million increased $149 million and adjusted operating profit of $551 million increased $214 million, up 51% and 64%, respectively, from first quarter 2025. Adjusted operating margin was 20.8%, up 430 basis points compared to first quarter 2025, driven by operational leverage on higher volume and positive price-cost, inclusive of tariff impacts and associated tariff mitigation countermeasures."We're seeing data center infrastructure requirements evolve significantly, with customers prioritizing optimized design, deployment speed, and operational efficiency - reshaping their approach to deployment," said Giordano Albertazzi, Vertiv's Chief Executive Officer. "This quarter's financial performance reflects our ability to meet customers at this critical moment with unique capabilities. Our investments in technology and capacity, combined with strategic acquisitions, are translating into market share gains as customers demand faster deployment, greater reliability, and comprehensive services. As infrastructure density increases and deployment timelines compress, we're positioned to be the partner customers need to bring their most ambitious projects to life, at scale.""This quarter demonstrates that Vertiv has built the kind of competitive position that compounds over time," said Dave Cote, Vertiv's Executive Chairman. "When customers face their toughest infrastructure challenges, they're choosing us - not only because of our technology, but because we can deliver at scale. Our addition to the S&P 500 in March reflects strong financial performance and market leadership in critical digital infrastructure. The strategic momentum gives me confidence in our long-term trajectory."Adjusted Free Cash Flow and LiquidityNet cash generated by operating activities in the first quarter was $767 million and adjusted free cash flow was $653 million, increasing 153% and 147%, respectively, from first quarter 2025. First quarter adjusted free cash flow was driven by higher adjusted operating profit, working capital efficiency and lower cash interest, partially offset by higher cash taxes and increased capital expenditures to support growth investments.Liquidity remained strong at $5.0 billion and net leverage was approximately 0.2x at the end of first quarter, driven by continued strong cash generation and working capital efficiency.After receiving inaugural investment grade ratings from Moody's (Baa3) and S&P (BBB-) in February 2026, Vertiv completed a $2.1 billion senior unsecured notes issuance and put in place a new $2.5 billion revolving credit facility while also retiring its outstanding term loan and ABL revolver in March, enhancing financial flexibility to support continued growth.Updated Full Year and Second Quarter 2026 GuidanceThe data center market continues to demonstrate robust momentum, supported by strong underlying demand fundamentals.  Vertiv is further accelerating capacity expansion and strategic investments to be well positioned to meet this demand and capture market share. 
Second Quarter 2026 GuidanceNet sales$3,250M - $3,450MOrganic net sales growth(2)20% - 24%Adjusted operating profit(1)$690M - $730MAdjusted operating margin(2)20.7% - 21.7%Adjusted diluted EPS(1)$1.37 - $1.43Adjusted diluted EPS growth(2)44% - 51%

Full Year 2026 GuidanceNet sales$13,500M - $14,000MOrganic net sales growth(2)29% - 31%Adjusted operating profit(1)$3,140M - $3,260MAdjusted operating margin(2)22.8% - 23.8%Adjusted diluted EPS(1)$6.30 - $6.40Adjusted diluted EPS growth(2)50% - 52%Adjusted free cash flow(2)$2,100M - $2,300M(1)This release contains certain non-GAAP metrics. For reconciliations to the relevant GAAP measures and an explanation of the non-GAAP measures and reasons for their use, please refer to sections of this release entitled "Non-GAAP Financial Measures" and "Reconciliation of GAAP and non-GAAP Financial Measures."(2)This is a forward-looking non-GAAP financial measure that cannot be reconciled without unreasonable efforts for those reasons set forth under "Non-GAAP Financial Measures" of this release.First Quarter 2026 Earnings Conference CallVertiv's management team will discuss the Company's results during a conference call on Wednesday, April 22, starting at 11 a.m. Eastern Time. The call will contain forward-looking statements and other material information regarding Vertiv's financial and operating results. A webcast of the live conference call will be available for interested parties to listen to by going to the Investor Relations section of the Company's website at investors.vertiv.com. A slide presentation will be available before the call and will be posted to the website, also at investors.vertiv.com. A replay of the conference call will also be available for 30 days following the webcast.About Vertiv Holdings CoVertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit vertiv.com.Category: Financial NewsNon-GAAP Financial MeasuresFinancial information included in this release has been prepared in accordance with Generally Accepted Accounting Principles ("GAAP"). Vertiv has included certain non-GAAP financial measures in this news release, as indicated above, that may not be directly comparable to other similarly titled measures used by other companies and therefore may not be comparable among companies. These non-GAAP financial measures include organic net sales growth (including on a segment basis), adjusted operating profit, adjusted operating margin, adjusted diluted EPS and adjusted free cash flow, which management believes provides investors with useful supplemental information to evaluate the Company's ongoing operations and to compare with past and future periods. Management also uses certain non-GAAP measures internally for forecasting, budgeting and measuring its operating performance. These measures should be viewed as supplementing, and not as an alternative or substitute for, the Company's financial results prepared in accordance with GAAP. Pursuant to the requirements of Regulation G, Vertiv has provided reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures.Information reconciling certain forward-looking GAAP measures to non-GAAP measures related to second quarter and full-year 2026 guidance, including organic net sales growth, adjusted free cash flow and adjusted operating margin, is not available without unreasonable effort due to high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations. For those reasons, we are unable to compute the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.See "Reconciliation of GAAP and Non-GAAP Financial Measures" in this release for Vertiv's reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures.Cautionary Note Concerning Forward-Looking StatementsThis news release, and other statements that Vertiv may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv's future financial or business performance, strategies or expectations, and as such are not historical facts. This includes, without limitation, statements regarding Vertiv's financial position, capital structure, indebtedness, business strategy and plans and objectives of Vertiv management for future operations, as well as statements regarding growth, anticipated demand for our products and services and our business prospects during 2026, as well as expected impacts from our pricing actions, and our guidance for second quarter and full year 2026 and statements regarding tariffs, global trade conflict and any actions we may take in response thereto. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Vertiv cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.The forward-looking statements contained in this release are based on current expectations and beliefs concerning future developments and their potential effects on Vertiv. There can be no assurance that future developments affecting Vertiv will be those that Vertiv has anticipated. Vertiv undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Vertiv's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Vertiv has previously disclosed risk factors in its Securities and Exchange Commission ("SEC") reports, including those set forth in the Vertiv 2025 Annual Report on Form 10-K filed with the SEC on February 13, 2026. These risk factors and those identified elsewhere in this release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: risks relating to the continued growth of our customers' markets; long sales cycles for certain Vertiv products and solutions as well as unpredictable placing or cancelling of customer orders; failure to realize sales expected from our backlog of orders and contracts; disruption of or consolidation in our customer's markets or categorical shifts in customer technology spending; less leverage with large customer contract terms; failure to mitigate risks associated with long-term fixed price contracts; competition in the industry in which we operate; failure to obtain performance and other guarantees from financial institutions; risks associated with governmental contracts; failure to properly manage production cost changes and supply; failure to anticipate market change and competition in the infrastructure technologies; risks associated with information technology disruption or cyber-security incidents; risks associated with the implementation and enhancement of information systems; failure to realize the expected benefit from any rationalization, restructuring and improvement efforts; disruption of, or changes in, Vertiv's independent sales representatives, distributors and original equipment manufacturers; increase of variability in our effective tax rate costs or liabilities associated with product liability due to global operations subjecting us to income and other taxes in the U.S. and numerous foreign entities; costs or liabilities associated with product liability and damage to our reputation and brands; the global scope of Vertiv's operations, especially in emerging markets; failure to benefit from future significant corporate transactions; risks associated with Vertiv's sales and operations and expanding global production facilities; risks associated with future legislation and regulation of Vertiv's customers' markets; our ability to comply with various laws and regulations including but not limited to, laws and regulations relating to data protection and data privacy; failure to properly address legal compliance issues, particularly those related to imports/exports, anti-corruption laws, and foreign operations; risks associated with foreign trade policy, including tariffs and global trade conflict risks associated with litigation or claims against the Company, including the risk of adverse outcomes to any legal claims and proceedings; our ability to protect or enforce our proprietary rights on which our business depends; third party intellectual property infringement claims; liabilities associated with environmental, health and safety matters; failure to achieve environmental, social and governance goals; failure to realize the value of goodwill and intangible assets; exposure to fluctuations in foreign currency exchange rates; failure to remediate material weaknesses in our internal controls over financial reporting; our level of indebtedness and our ability to comply with the covenants and restrictions contained in our credit agreements; our ability to access funding through capital markets; resales of Vertiv securities may cause volatility in the market price of our securities; our organizational documents contain provisions that may discourage unsolicited takeover proposals; our certificate of incorporation includes a forum selection clause, which could discourage or limit stockholders' ability to make a claim against it; the ability of our subsidiaries to pay dividends; factors relating to the business, operations and financial performance of Vertiv and its subsidiaries, including: global economic weakness and uncertainty; our ability to attract, train and retain key members of our leadership team and other qualified personnel; the adequacy of our insurance coverage; fluctuations in interest rates materially affecting our financial results and increasing the risk our counterparties default in our interest rate hedges; our incurrence of significant costs and devotion of substantial management time as a result of operating as a public company; expected expenses related to integration of our acquisitions; the possible diversion of management time on issues related to integration of our acquired businesses; the ability of Vertiv to maintain relationships with customers and suppliers of our acquired businesses; and the ability of Vertiv to retain management and key employees of our acquired businesses; and other risks and uncertainties indicated in Vertiv's SEC reports or documents filed or to be filed with the SEC by Vertiv. Forward-looking statements included in this news release speak only as of the date of this news release or any earlier date specified for such statements. All subsequent written or oral forward-looking statements attributable to Vertiv or persons acting on Vertiv's behalf may be qualified in their entirety by this Cautionary Note Concerning Forward-Looking Statements.For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: lynne.maxeiner@vertiv.comFor media inquiries, please contact:
Ruder Finn for Vertiv
E: Vertiv@ruderfinn.comUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)Vertiv Holdings Co(Dollars in millions except for per share data)

Three months endedMarch 31, 2026
Three months endedMarch 31, 2025Net sales


Net sales - products$             2,135.8
$             1,649.7Net sales - services513.7
386.3 Net sales2,649.5
2,036.0Costs and expenses


Cost of sales - products1,348.4
1,112.1Cost of sales - services301.4
237.4 Cost of sales1,649.8
1,349.5Operating expenses


Selling, general and administrative expenses                                                                                                              456.7
346.3Amortization of intangibles77.6
46.0Restructuring costs(4.9)
1.1Foreign currency (gain) loss, net(1.6)
2.6Other operating expense (income)31.8
(0.2)Operating profit (loss)440.1
290.7Interest expense (income), net(4.4)
25.3Loss on extinguishment of debt6.2
—Income (loss) before income taxes438.3
265.4Income tax expense48.2
100.9Net income (loss)$              390.1
$              164.5



Earnings (loss) per share:


Basic$                1.02
$                0.43Diluted$                0.99
$                0.42Weighted-average shares outstanding:


Basic382,921,496
380,845,511Diluted392,128,170
390,109,650UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSVertiv Holdings Co(Dollars in millions)

March 31, 2026
December 31, 2025ASSETS


Current assets:


Cash and cash equivalents$             2,150.6
$             1,728.4Short-term investments349.9
99.5Accounts receivable, less allowances of $26.6 and $25.6, respectively3,148.7
3,109.0Inventories1,834.6
1,456.5Other current assets500.8
426.1 Total current assets7,984.6
6,819.5Property, plant and equipment, net997.5
921.8Other assets:


Goodwill2,023.7
2,033.7Other intangible assets, net1,806.0
1,894.8Deferred income taxes177.8
179.6Right-of-use assets, net330.8
303.0Other79.7
60.0 Total other assets4,418.0
4,471.1Total assets$           13,400.1
$           12,212.4LIABILITIES AND EQUITY


Current liabilities:


Current portion of long-term debt$                  —
$                20.9Accounts payable1,951.7
1,756.4Deferred revenue2,461.8
1,814.7Accrued expenses and other liabilities856.2
771.6Income taxes73.5
43.4 Total current liabilities5,343.2
4,407.0Long-term debt, net2,922.2
2,892.1Deferred income taxes221.2
232.8Long-term lease liabilities270.4
245.2Other long-term liabilities398.2
494.0Total liabilities9,155.2
8,271.1Equity


Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding—
—Common stock, $0.0001 par value, 700,000,000 shares authorized, 383,954,111 and 382,553,680 shares issued           
and outstanding at March 31, 2026 and December 31, 2025, respectively—
—Additional paid-in capital2,927.0
2,895.2Retained earnings1,394.1
1,027.9Accumulated other comprehensive (loss) income(76.2)
18.2Total equity4,244.9
3,941.3Total liabilities and equity$           13,400.1
$           12,212.4UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSVertiv Holdings Co(Dollars in millions)

Three months endedMarch 31, 2026
Three months endedMarch 31, 2025Cash flows from operating activities:


Net income (loss)$               390.1
$               164.5Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:


Depreciation27.5
22.9 Amortization80.2
48.7 Deferred income taxes(28.2)
33.3 Amortization of debt discount and issuance costs1.6
2.2 Stock-based compensation17.0
11.2 Changes in operating working capital227.8
(4.8) Change in fair value of contingent consideration33.2
— Other17.6
25.3 Net cash provided by (used for) operating activities766.8
303.3Cash flows from investing activities:


Capital expenditures(112.6)
(36.5)Investments in capitalized software(1.4)
(2.3)Purchase of short-term investments(348.4)
—Proceeds from maturities of short-term investments100.0
—Investment in affiliates(13.9)
—Acquisition of businesses, net of cash acquired(0.4)
— Net cash provided by (used for) investing activities(376.7)
(38.8)Cash flows from financing activities:


Proceeds from the issuance of long-term debt2,100.0
—Repayment of long-term debt(2,076.1)
(5.3)Dividend payment(23.9)
(14.2)Exercise of employee stock options23.5
1.3Employee taxes paid from shares withheld(11.6)
(6.7) Net cash provided by (used for) financing activities11.9
(24.9)Effect of exchange rate changes on cash and cash equivalents(0.6)
4.3Increase (decrease) in cash, cash equivalents and restricted cash                                                                                 401.4
243.9Beginning cash, cash equivalents and restricted cash1,789.8
1,232.2Ending cash, cash equivalents and restricted cash$              2,191.2
$              1,476.1Changes in operating working capital


Accounts receivable$                (57.7)
$                81.6Inventories(384.2)
(128.6)Other current assets(88.5)
(29.5)Accounts payable202.8
86.5Deferred revenue651.2
23.4Accrued expenses and other liabilities(95.4)
(79.6)Income taxes(0.4)
41.4 Total changes in operating working capital$               227.8
$                 (4.8)Reconciliation of GAAP and non-GAAP Financial MeasuresTo supplement this news release, we have included certain non-GAAP financial measures in the format of performance metrics. Management believes these non-GAAP financial measures provide investors with additional meaningful financial information that should be considered when assessing our underlying business performance and trends. Further, management believes these non-GAAP financial measures also enhance investors' ability to compare period-to-period financial results. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the company's reported results prepared in accordance with GAAP. Our non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of each of these non-GAAP financial measures to GAAP information are also included. Management uses these non-GAAP financial measures in making financial, operating, compensation and planning decisions and in evaluating the company's performance. Disclosing these non-GAAP financial measures allows investors and management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.Vertiv's non-GAAP financial measures include:Adjusted operating profit (loss), which represents operating profit (loss), adjusted to exclude amortization of intangibles, and contingent consideration;Adjusted operating margin, which represents adjusted operating profit (loss) divided by net sales;Organic net sales growth, which represents the change in net sales adjusted to exclude the impacts of foreign currency exchange rate and acquisitions;Adjusted free cash flow, which represents net cash provided by (used for) operating activities adjusted to exclude capital expenditures and investments in capitalized software; andAdjusted diluted EPS, which represents diluted earnings per share adjusted to exclude amortization of intangibles, contingent consideration, and the costs related to the March 3, 2026 repayment of the Term Loan Credit Agreement and the associated interest rate swaps being settled.Regional Segment Results
Three months ended March 31,
2026
2025
?
?%
Organic
?%(2)Net sales(1)








AMER$ 1,814.4
$ 1,185.3
$   629.1
53.1 %
44.3 %APAC513.7
447.2
66.5
14.9 %
12.0 %EMEA321.4
403.5
(82.1)
??(20.3) %
(29.4) %Total$ 2,649.5
$ 2,036.0
$   613.5
30.1 %
22.6 %









Adjusted operating profit (loss)(3)








AMER$   490.2
$   259.7
$   230.5
88.8 %

APAC67.4
45.7
21.7
47.5 %

EMEA53.5
78.7
(25.2)
(32.0) %

Corporate(4)(60.2)
(47.4)
(12.8)
27.0 %

Total$   550.9
$   336.7
$   214.2
63.6 %











Adjusted operating margins(5)                                                                                                                       








AMER27.0 %
21.9 %
5.1 %



APAC13.1 %
10.2 %
2.9 %



EMEA16.6 %
19.5 %
(2.9) %



Vertiv20.8 %
16.5 %
4.3 %



(1)Segment net sales are presented excluding intercompany sales.(2)Organic basis is adjusted to exclude foreign currency exchange rate and the change in acquisition sales impact.(3)Adjusted operating profit (loss) is only adjusted at the Corporate segment. There are no adjustments at the reportable segment level between operating profit (loss) and adjusted operating profit (loss).(4)Corporate costs consist of headquarters management costs, asset impairments, and costs that support centralized global functions including Finance, Treasury, Risk Management, Strategy & Marketing, Legal, and Human Resources.(5)Adjusted operating margins calculated as adjusted operating profit (loss) divided by net sales.Sales by product and service offering
Three months ended March 31,
2026
2025
?
?%Americas:






Products$        1,475.9
$          958.3
$          517.6
54.0 %Services & spares338.5
227.0
111.5
49.1 %
$        1,814.4
$        1,185.3
$          629.1
53.1 %Asia Pacific:






Products$          381.1
$          333.8
$            47.3
14.2 %Services & spares132.6
113.4
19.2
16.9 %
$          513.7
$          447.2
$            66.5
14.9 %Europe, Middle East & Africa:                                                                                                       






Products$          234.2
$          319.0
$           (84.8)
(26.6) %Services & spares87.2
84.5
2.7
3.2 %
$          321.4
$          403.5
$           (82.1)
(20.3) %Total:






Products$        2,091.2
$        1,611.1
$          480.1
29.8 %Services & spares558.3
424.9
133.4
31.4 %
$        2,649.5
$        2,036.0
$          613.5
30.1 %Organic growth by product and service offering
Three months ended March 31, 2026
Net Sales ?
FX ?
Acquisition ?(1)
Organic growth
Organic ?%(2)Americas:








Products$          517.6
$            (5.5)
$           (34.2)
$          477.9
49.9 %Services & spares111.5
(2.0)
(61.8)
47.7
21.0 %
$          629.1
$            (7.5)
$           (96.0)
$          525.6
44.3 %Asia Pacific:








Products$            47.3
$           (10.5)
$              —
$            36.8
11.0 %Services & spares19.2
(2.5)
—
16.7
14.7 %
$            66.5
$           (13.0)
$              —
$            53.5
12.0 %Europe, Middle East & Africa:                                                              








Products$           (84.8)
$           (27.6)
$            (0.4)
$         (112.8)
(35.4) %Services & spares2.7
(8.5)
(0.2)
(6.0)
(7.1) %
$           (82.1)
$           (36.1)
$            (0.6)
$         (118.8)
(29.4) %Total:








Products$          480.1
$           (43.6)
$           (34.6)
$          401.9
24.9 %Services & spares133.4
(13.0)
(62.0)
58.4
13.7 %
$          613.5
$           (56.6)
$           (96.6)
$          460.3
22.6 %(1)The change in acquisition sales includes sales for the three months ended March 31, 2026 for acquisitions completed in the year ended December 31, 2025.(2)Organic growth percentage change is calculated as organic growth divided by net sales for the three months ended March 31, 2025.Segment operating profit (loss)Operating profit (loss)Three months endedMarch 31, 2026
Three months endedMarch 31, 2025Americas$              490.2
$              259.7Asia Pacific67.4
45.7Europe, Middle East & Africa                                                                                                                                                53.5
78.7Total reportable segments611.1
384.1Foreign currency gain (loss)1.6
(2.6)Corporate(95.0)
(44.8)Total corporate and other(93.4)
(47.4)Amortization of intangibles(77.6)
(46.0)Operating profit (loss)$              440.1
$              290.7Reconciliation of net cash provided by (used for) operating activities to adjusted free cash flow
Three months endedMarch 31, 2026
Three months endedMarch 31, 2025Net cash provided by (used for) operating activities                                                                                                               $              766.8
$              303.3Capital expenditures(112.6)
(36.5)Investments in capitalized software(1.4)
(2.3)Adjusted free cash flow$              652.8
$              264.5Reconciliation from operating profit (loss) to adjusted operating profit (loss)
Three months endedMarch 31, 2026
Three months endedMarch 31, 2025Operating profit (loss)$              440.1
$              290.7Amortization of intangibles                                                                                                                                                       77.6
46.0Contingent consideration33.2
—Adjusted operating profit (loss)$              550.9
$              336.7Reconciliation from operating margin to adjusted operating margin
Three months endedMarch 31, 2026
Three months endedMarch 31, 2025
?Vertiv net sales$           2,649.5
$           2,036.0
$  613.5Vertiv operating profit (loss)                                                                                                                              440.1
290.7
149.4Vertiv operating margin16.6 %
14.3 %
2.3 %





Amortization of intangibles$                77.6
$                46.0
$   31.6Contingent consideration33.2
—
33.2Vertiv adjusted operating profit (loss)550.9
336.7
214.2Vertiv adjusted operating margin20.8 %
16.5 %
4.3 %Reconciliation of Diluted EPS to Adjusted Diluted EPSThree months ended March 31, 2026
Operating profit
(loss)
Interest expense
(income), net
Loss on
extinguishment of
debt
Income tax
expense (benefit)
Net income (loss)
Diluted EPS(1)
GAAP$          440.1
$            (4.4)
$             6.2
$           48.2
$          390.1
$           0.99
Amortization of intangibles77.6
—
—
—
77.6
0.21
Contingent consideration(2)33.2
—
—
—
33.2
0.08
Term loan credit agreement repayment(3)   —
22.9
(6.2)
25.6
(42.3)
(0.11)
Non-GAAP adjusted$          550.9
$           18.5
$              —
$           73.8
$          458.6
$           1.17
Diluted shares (in millions)








392.1
(1)Diluted EPS and adjusted diluted EPS is calculated using 392.1 million shares (includes 382.9 million basic shares and 9.2 million potential dilutive equity awards).(2)Contingent consideration associated with the PurgeRite acquisition.(3)Costs associated with the March 3, 2026 repayment of the Term loan credit agreement, the gain recognized in "Interest expense (income), net" and the related tax impact associated with the interest rate swaps being settled.Three months ended March 31, 2025
Operating profit (loss)
Interest expense
(income), net
Income tax expense
(benefit)
Net income (loss)
Diluted EPS(1)GAAP$               290.7
$                 25.3
$               100.9
$             164.5
$             0.42Amortization of intangibles46.0
—
—
46.0
0.12Non-recurring tax adjustment, net(2)                                        —
—
(39.5)
39.5
0.10Non-GAAP adjusted$               336.7
$                 25.3
$                 61.4
$             250.0
$             0.64Diluted shares (in millions)






390.1(1)Diluted EPS and adjusted diluted EPS is calculated using 390.1 million shares (includes 380.8 million basic shares and 9.3 million potential dilutive equity awards). (2)Nonrecurring tax adjustment of $39.5 million due to recently issued guidance which changes our assessment of our realizability of certain deferred tax assets.Vertiv Holdings Co2026 Adjusted GuidanceReconciliation of Diluted EPS to Adjusted Diluted EPS(1) 
Second Quarter 2026








Operating profit
(loss)
Interest expense
(income), net
Income tax expense
(benefit)
Net income (loss)
Diluted EPS(2)GAAP$             639.6
$              19.8
$             142.6
$             477.2
$              1.22Amortization of intangibles                                                                   70.0
—
—
70.0
0.18Non-GAAP adjusted$             709.6
$              19.8
$             142.6
$             547.2
$              1.40Diluted shares (in millions)







392.0Full Year 2026










Operating profit (loss)
Interest expense
(income), net
Loss on
extinguishment
of debt
Income tax
expense (benefit)
Net income (loss)
Diluted EPS(2)GAAP$                2,882.6
$            68.4
$             6.2
$          595.0
$        2,213.0
$            5.65Amortization of intangibles                 284.2
—
—
—
284.2
0.73Contingent consideration(3)33.2
—
—
—
33.2
0.08Term loan credit agreement repayment(4)—
22.9
(6.2)
25.6
(42.3)
(0.11)Non-GAAP adjusted$                3,200.0
$            91.3
$              —
$          620.6
$        2,488.1
$            6.35Diluted shares (in millions)








392.0(1)Information reconciling certain forward-looking GAAP measures to non-GAAP measures related to FY 2026 guidance, including organic net sales growth, adjusted operating margin and adjusted free cash flow, is not available without unreasonable effort due to high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations. For the same reasons, we are unable to compute the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.(2)Diluted EPS and adjusted diluted EPS based on 392.0 million shares (includes 384.0 million basic shares and 8.0 million potential dilutive equity awards).(3)Contingent consideration associated with the PurgeRite acquisition.(4)Costs associated with the March 3, 2026 repayment of the Term loan credit agreement, the gain recognized in "Interest expense (income), net" and the related tax impact associated with the interest rate swaps being settled.



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Original: Vertiv Reports Strong First Quarter with Diluted EPS Growth of 136% (Adjusted Diluted EPS Growth of +83%); Raises Full-Year Guidance

Vertiv Acquires BMarko Structures to Expand Capacity for Manufactured and Converged Infrastructure SolutionsApril 13, 2026 6:30 AM
PR Newswire (US)

Acquisition strengthens in-house structural fabrication, engineering control, and customization capabilitiesCOLUMBUS, Ohio, April 13, 2026 /PRNewswire/ -- Vertiv (NYSE: VRT), a global provider of critical digital infrastructure, today announced the acquisition of BMarko Structures LLC ("BMarko"), a U.S.-based provider of custom-engineered structural fabrication.







As AI data center deployments accelerate, the infrastructure layer is under growing pressure to deliver faster and at scale. This acquisition vertically integrates a critical structural fabrication specialization into Vertiv's Infrastructure Solutions business in North America, which is expected to strengthen supply capability, rapidly expand engineering and manufacturing capacity, and enhance Vertiv's ability to deliver scalable manufactured, prefabricated, and converged infrastructure with greater speed, control, customization, and executional discipline.BMarko has demonstrated its differentiated structural fabrication capabilities, engineering depth, and ability to support highly customized infrastructure requirements, during prior, long-term project experience with Vertiv. Bringing this capability in-house is expected to strengthen execution, improve material and process control, and enhance Vertiv's ability to support customers as infrastructure requirements continue to evolve."AI is reshaping infrastructure requirements, with customers placing greater demands on time-to-capacity, flexibility, and efficiency across the infrastructure layer," said Gio Albertazzi, CEO of Vertiv. "This acquisition strengthens Vertiv's ability to help customers move faster, with better systems-level performance and control, as infrastructure demands continue to grow in complexity."Founded in 2014 and headquartered in Williamston, South Carolina, BMarko specializes in high-quality, custom-engineered builds, including steel and wood frames that align well with AI factory and data center requirements. BMarko recently expanded its engineering and fabrication facility to approximately 560,000 square feet. This facility is located in proximity to Vertiv's Infrastructure Solutions manufacturing operations in the region.For more information about Vertiv and its end-to-end portfolio of solutions and services, visit Vertiv.com.About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.Category: Financial NewsForward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Those risk factors and risks related to the transaction, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: expected expenses related to the transaction; the possible diversion of management time on issues related to integration; the ability of Vertiv to maintain relationships with suppliers of BMarko; and the ability of Vertiv to retain management and key employees of BMarko. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E lynne.maxeiner@vertiv.comFor media inquiries, please contact:
Ruder Finn for Vertiv
E Vertiv@RuderFinn.com










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Original: Vertiv Acquires BMarko Structures to Expand Capacity for Manufactured and Converged Infrastructure Solutions

Vertiv Announces Date of First Quarter 2026 Earnings Release and Conference CallApril 8, 2026 8:00 AM
PR Newswire (US)

COLUMBUS, April 8, 2026 /PRNewswire/ -- Vertiv Holdings Co. (NYSE: VRT), a global leader in critical digital infrastructure, today announced it will report its first quarter 2026 results before market open on Wednesday, April 22, 2026. The press release will contain a link to the presentation materials providing a first quarter 2026 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.







A webcast of the live conference call can be accessed in the Investor Relations section of Vertiv's website at investors.vertiv.com. A replay of the conference call will also be available for 30 days following the webcast.About Vertiv Holdings Co.
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit vertiv.com.Category: Financial NewsContactsFor investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: lynne.maxeiner@vertiv.comFor media inquiries, please contact:
Ruder Finn for Vertiv
E: vertiv@ruderfinn.com



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Original: Vertiv Announces Date of First Quarter 2026 Earnings Release and Conference Call

Vertiv to Expand Ohio Manufacturing to Boost U.S. Production of Critical Thermal Management Technologies for AI Data CentersMarch 30, 2026 4:00 PM
PR Newswire (US)

Ironton, Ohio facility expansion strengthens supply chain and increases Vertiv's liquid cooling and chilled water system capacity for high-density computingCOLUMBUS, Ohio, March 30, 2026 /PRNewswire/ -- Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced an investment of ~$50 million to expand its manufacturing presence in Ironton, Ohio, and its headquarters campus in Westerville, Ohio. The projects are expected to create hundreds of new jobs through 2029 and strengthen Vertiv's ability to support growing customer demand for AI, high-density computing, and other critical digital infrastructure applications.







The Ironton expansion, which is expected to be operational in the second quarter of 2027, is planned to increase production capacity for Vertiv liquid cooling and chilled water systems used in advanced thermal management applications. With the expansion, total capacity at the facility is expected to increase by ~45% for these systems, helping Vertiv expand regional production, improve responsiveness to customer demand, and shorten supply chains.As AI adoption accelerates and compute densities continue to rise, customers are requiring more advanced thermal management solutions to support next-generation GPU clusters, large-scale model training, and other high-performance workloads. Vertiv's investment is designed to expand the manufacturing, engineering, sales, services, and logistics capabilities needed to help customers deploy and scale this infrastructure more efficiently."Ohio operations remain integral to Vertiv's strategy," said Giordano (Gio) Albertazzi, CEO of Vertiv. "This investment expands our manufacturing capacity and strengthens the engineering, sales, service, and logistics capabilities that support customers building the next generation of digital infrastructure. It also reflects our confidence in the talent, commitment, and long-standing support we continue to see across Ohio and within the communities where we operate."Vertiv has a rich history in Ohio, founded more than 60 years ago as Liebert Corporation, a pioneer in data center precision cooling. Today, Vertiv's Ohio footprint spans 14 facilities, including manufacturing, research and development, testing labs, service and sales offices, customer experience centers, a training facility, and its global headquarters. By expanding both its manufacturing footprint and headquarters capabilities in the state, Vertiv is further positioning its U.S. operations to serve customers with greater scale, speed, and operational resilience.Vertiv delivers end-to-end infrastructure, from grid to chip and chip to heat reuse, where power, cooling, IT, and services operate in unison and are built for multiple compute generations ahead. With global reach and a portfolio of innovative industry-leading technologies and services, Vertiv is enabling customers to deploy efficiently and scale seamlessly, helping customers manage the challenges associated with modern digital infrastructure.To learn more about Vertiv, visit Vertiv.com.About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.CONTACT
Vertiv@ruderfinn.com










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Original: Vertiv to Expand Ohio Manufacturing to Boost U.S. Production of Critical Thermal Management Technologies for AI Data Centers

Vertiv to Acquire ThermoKey, Expanding Heat Rejection Portfolio for Converged Physical InfrastructureMarch 23, 2026 10:00 PM
PR Newswire (US)

Transaction expected to increase customer optionality across the thermal chain to optimize power utilization and energy efficiency for AI-ready data centersCOLUMBUS, Ohio, March 23, 2026 /PRNewswire/ -- Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced it has entered into an agreement to acquire ThermoKey S.p.A., a leading provider of heat rejection and heat-exchange technologies with long-standing relationships across original equipment manufacturers (OEMs) and system integrators, as part of Vertiv's continued investment in advanced cooling solutions to support high-density AI data centers. Upon closing, the acquisition is expected to expand Vertiv's thermal management portfolio and manufacturing capabilities, particularly in EMEA, and strengthen its ability to deliver comprehensive solutions across the end-to-end thermal chain for AI factories and high-density data centers.







Upon closing, ThermoKey is expected to further Vertiv's converged physical infrastructure path by expanding the range of thermal technologies available to customers and enhancing Vertiv's ability to support integrated, system-level thermal architectures that help customers stay multiple compute generations ahead. ThermoKey's portfolio of dry coolers and microchannel-based heat-exchange solutions complements Vertiv's end-to-end thermal chain, giving customers flexibility to optimize for performance, site conditions, and growth."Heat rejection is becoming increasingly critical for data centers and AI factories as the industry seeks new ways to unlock capacity, improve energy efficiency, and scale with confidence," said Giordano Albertazzi, CEO at Vertiv. "Through our work with ThermoKey, we have come to value its differentiated heat-exchange technologies, engineering depth, and relationships across OEMs and system integrators. This acquisition is expected to expand the options available to our customers as they adopt more efficient cooling strategies and build infrastructure designed to stay ahead of rapidly evolving compute demands."Founded in 1991 and based in Italy, ThermoKey brings more than three decades of engineering and manufacturing experience in heat exchangers for data center cooling and other demanding applications.The company has built long-standing relationships with leading manufacturers and installers worldwide and is recognized for its engineering know-how, application expertise, and customer collaboration across data center, OEM, and process-cooling environments. Its differentiated engineering capabilities, microchannel technologies, and compatibility with low-GWP and natural refrigerants position it as a strong fit for advanced, energy-intensive AI data center environments.ThermoKey's in-house design and production capabilities, together with its portfolio of heat exchangers, dry coolers, air cooled condensers, and liquid cooling systems, are expected to enhance Vertiv's broader thermal technology base and manufacturing flexibility. In addition, ThermoKey's available production capacity is expected to support Vertiv's ongoing thermal portfolio expansion and help address elevated customer demand in critical thermal infrastructure categories.For customers, the acquisition is expected to provide several advantages, including:enhanced support for high-efficiency cooling strategies in AI and high-density applications,improved system-level integration across thermal infrastructure within Vertiv's converged physical infrastructure,the ability to optimize across liquid cooling, air cooling, and heat rejection as an integrated thermal chain, including expanded heat rejection capabilities, such as Vertiv™ TrimCooler systems, to improve power utilization and efficiency, andexpanded access in EMEA to advanced dry-cooling and heat-exchange technologies, and enhanced engineering and manufacturing support for the speed and scale required in next-generation data center deployments.The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to close in the second quarter of 2026.For more information about Vertiv's portfolio of solutions, visit Vertiv.com.About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.Category: Financial NewsForward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Those risk factors and risks related to the proposed transaction, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: the timing and consummation of the proposed transaction; the risk that the closing does not occur; expected expenses related to the transaction; the possible diversion of management time on issues related to the transaction; the ability of Vertiv to maintain relationships with customers and suppliers of ThermoKey; and the ability of Vertiv to retain management and key employees of ThermoKey. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E lynne.maxeiner@vertiv.comFor media inquiries, please contact:
Ruder Finn for Vertiv
E Vertiv@RuderFinn.com










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Original: Vertiv to Acquire ThermoKey, Expanding Heat Rejection Portfolio for Converged Physical Infrastructure

Vertiv Brings Converged Physical Infrastructure to NVIDIA Vera Rubin DSX AI FactoriesMarch 16, 2026 4:33 PM
PR Newswire (US)

Simulation-ready power and cooling infrastructure models, designed to accelerate deployment and reduce execution riskCOLUMBUS, Ohio, March 16, 2026 /PRNewswire/ -- Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced its role in advancing converged physical infrastructure designs for the NVIDIA Vera Rubin DSX AI factory reference design and the NVIDIA Omniverse DSX Blueprint.







As AI factories scale in density, complexity, and power demand, operators are under pressure to compress time to deployment, improve infrastructure utilization, and reduce integration risk. A new infrastructure design approach that reduces complexity, improves confidence before buildout, and accelerates time to capacity is now available to meet these evolving needs. Through its work with NVIDIA, Vertiv is contributing simulation-ready, or DSX SimReady digital power and cooling assets, validated interfaces, and repeatable infrastructure building blocks designed to help customers deploy AI factories faster and with greater operational assurance.This work reflects an expansion of Vertiv's established approach to converged physical infrastructure—a system-level model that integrates power, cooling, controls, and services into interdependent designs optimized across the full power train and thermal chain. This approach is enabled through five foundational elements: repeatable building blocks, defined interfaces, system orchestration, digital continuity, and lifecycle support. Together, these elements support more scalable AI factory execution by helping reduce design complexity, strengthen coordination across infrastructure domains, and improve confidence from initial design through deployment and operation.At the core of this approach is a scalable building block architecture designed around the standardized 12.5MW infrastructure blocks of Vertiv™ OneCore integrated modular solutions that can be combined, configured, and extended to support deployments ranging from smaller AI clusters to gigawatt-scale AI factories. By establishing repeatable block-level designs with validated interfaces, Vertiv aims to simplify scaling while improving deployment consistency, system coordination, and operational performance."AI factories are forcing a fundamental change in how digital infrastructure is designed, validated, and deployed," said Scott Armul, chief product and technology officer at Vertiv. "Vertiv's role is to help turn complex AI infrastructure from a collection of separate products into converged, simulation-ready physical systems. Working with NVIDIA, we are helping customers move faster from design to deployment. By combining our power and cooling portfolio with validated interfaces and digital models, we can help customers accelerate development, improve operational confidence, and unlock better output per watt."Vertiv's collaboration supports the development of digitally validated AI factory infrastructure using real-time simulation and system-level modeling before physical deployment begins. This approach is designed to help customers:reduce deployment complexity and field integration risk,accelerate time to operational readiness,improve infrastructure coordination across power, cooling, and controls,and optimize performance from grid connection through chip-level thermal management and heat-reuse pathways.Vertiv's contribution is grounded in its ability to bring together one of the industry's most complete portfolios of critical power, thermal management, integrated controls, and lifecycle services into a cohesive converged physical infrastructure. Unlike conventional modular or prefabricated approaches that primarily compress schedule, converged physical infrastructure is intended to deliver both deployment speed and compounding system-level gains. By standardizing interfaces and creating repeatable building blocks, Vertiv aims to support more scalable AI factory execution while enabling improved performance, efficiency, and reliability."As AI factories scale to unprecedented levels of power and density, enterprises require a converged approach to physical infrastructure that unifies power, cooling, and digital twin simulation to reduce deployment risk," said Vladimir Troy, vice president of AI Infrastructure at NVIDIA. "By integrating simulation-ready infrastructure models into the NVIDIA Vera Rubin DSX design, Vertiv is providing the repeatable building blocks and validated interfaces necessary to accelerate the path from design to operational readiness."This collaborative output, Vertiv™ OneCore Rubin DSX, is a design outcome grounded in converged physical infrastructure that Vertiv will continue to iterate for multiple compute generations ahead. It is intended to support AI factory builders with parameterized infrastructure models and deployment-ready building blocks that span power, cooling, controls, and lifecycle services.Vertiv expects this work to inform future converged infrastructure offerings across hyperscale, colocation, enterprise, and emerging AI deployment environments.For more information on Vertiv solutions for AI infrastructure, visit Vertiv.com.About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.VERTIV MEDIA CONTACT
Vertiv@ruderfinn.com 










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Original: Vertiv Brings Converged Physical Infrastructure to NVIDIA Vera Rubin DSX AI Factories

Vertiv Holdings, Lumentum Holdings, Coherent, and EchoStar Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600March 6, 2026 6:39 PM
PR Newswire (US)

NEW YORK, March 6, 2026 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices:
NAPCO Security Technologies Inc. (NASD: NSSC) will replace Alexander & Baldwin Inc. (NYSE: ALEX) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, March 13. An investor group comprised of MW Group and funds affiliated with DivcoWest and Blackstone Real Estate is acquiring Alexander & Baldwin in a deal that is expected to close soon, pending final closing conditions.The following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 will take effect before the market opens on Monday, March 23, as part of the quarterly rebalance. The changes ensure that each index is more representative of its market–capitalization range. The companies being removed from the S&P SmallCap 600 are no longer representative of the small–cap market space.Following is a summary of the changes that will take place prior to the open of trading on the effective date:Effective
DateIndex Name       ActionCompany NameTickerGICS SectorMar 13, 2026S&P SmallCap 600AdditionNAPCO Security Technologies NSSC Information Technology Mar 13, 2026S&P SmallCap 600DeletionAlexander & Baldwin  ALEX Real EstateMar 23, 2026S&P 100AdditionMicron TechnologyMU Information Technology Mar 23, 2026S&P 100AdditionLam ResearchLRCX Information Technology Mar 23, 2026S&P 100AdditionApplied MaterialsAMAT Information Technology Mar 23, 2026S&P 100AdditionGE VernovaGEV Industrials Mar 23, 2026S&P 100DeletionPayPal HoldingsPYPL Financials Mar 23, 2026S&P 100DeletionAmerican Intl GroupAIG Financials Mar 23, 2026S&P 100DeletionMetlifeMET Financials Mar 23, 2026S&P 100DeletionTargetTGT Consumer Staples Mar 23, 2026S&P 500AdditionVertiv HoldingsVRTIndustrialsMar 23, 2026S&P 500AdditionLumentum Holdings LITEInformation TechnologyMar 23, 2026S&P 500AdditionCoherentCOHRInformation TechnologyMar 23, 2026S&P 500AdditionEchoStarSATSCommunication ServicesMar 23, 2026S&P 500DeletionMatch Group MTCHCommunication ServicesMar 23, 2026S&P 500DeletionMolina HealthcareMOHHealth CareMar 23, 2026S&P 500DeletionLamb Weston Holdings LWConsumer StaplesMar 23, 2026S&P 500DeletionPaycom Software PAYCIndustrialsMar 23, 2026S&P MidCap 400AdditionSolstice Advanced Materials SOLSMaterialsMar 23, 2026S&P MidCap 400AdditionSiTime SITMInformation TechnologyMar 23, 2026S&P MidCap 400AdditionMoog MOG.AIndustrialsMar 23, 2026S&P MidCap 400AdditionInterDigital IDCCInformation TechnologyMar 23, 2026S&P MidCap 400AdditionVicor VICRIndustrialsMar 23, 2026S&P MidCap 400AdditionCareTrust REIT CTREReal EstateMar 23, 2026S&P MidCap 400DeletionLumentum Holdings LITEInformation TechnologyMar 23, 2026S&P MidCap 400DeletionCoherent COHRInformation TechnologyMar 23, 2026S&P MidCap 400DeletionEchoStar SATSCommunication ServicesMar 23, 2026S&P MidCap 400DeletionZoomInfo Technologies GTMCommunication ServicesMar 23, 2026S&P MidCap 400DeletionASGN ASGNInformation TechnologyMar 23, 2026S&P MidCap 400DeletionKemper KMPRFinancialsMar 23, 2026S&P SmallCap 600AdditionMatch Group MTCHCommunication ServicesMar 23, 2026S&P SmallCap 600AdditionMolina HealthcareMOHHealth CareMar 23, 2026S&P SmallCap 600AdditionLamb Weston Holdings LWConsumer StaplesMar 23, 2026S&P SmallCap 600AdditionPaycom Software PAYCIndustrialsMar 23, 2026S&P SmallCap 600AdditionVSE VSECIndustrialsMar 23, 2026S&P SmallCap 600AdditionArgan AGXIndustrialsMar 23, 2026S&P SmallCap 600AdditionRithm Capital RITMFinancialsMar 23, 2026S&P SmallCap 600AdditionLyft LYFTIndustrialsMar 23, 2026S&P SmallCap 600AdditionLaureate Education LAURConsumer DiscretionaryMar 23, 2026S&P SmallCap 600AdditionLife Time Group Holdings LTHConsumer DiscretionaryMar 23, 2026S&P SmallCap 600AdditionLife360 LIFInformation TechnologyMar 23, 2026S&P SmallCap 600AdditionSphere EntertainmentSPHRCommunication ServicesMar 23, 2026S&P SmallCap 600AdditionZoomInfo Technologies GTMCommunication ServicesMar 23, 2026S&P SmallCap 600AdditionASGNASGNInformation TechnologyMar 23, 2026S&P SmallCap 600AdditionKemper KMPRFinancialsMar 23, 2026S&P SmallCap 600DeletionSolstice Advanced Materials SOLSMaterialsMar 23, 2026S&P SmallCap 600DeletionSiTimeSITMInformation TechnologyMar 23, 2026S&P SmallCap 600DeletionMoog MOG.AIndustrialsMar 23, 2026S&P SmallCap 600DeletionInterDigital IDCCInformation TechnologyMar 23, 2026S&P SmallCap 600DeletionVicor CorpVICRIndustrialsMar 23, 2026S&P SmallCap 600DeletionCareTrust REIT CTREReal EstateMar 23, 2026S&P SmallCap 600DeletionDave & Buster's Entertainment PLAYConsumer DiscretionaryMar 23, 2026S&P SmallCap 600DeletionSunCoke Energy SXCMaterialsMar 23, 2026S&P SmallCap 600DeletionAH Realty Trust AHRTReal EstateMar 23, 2026S&P SmallCap 600DeletionSummit Hotel Properties INNReal EstateMar 23, 2026S&P SmallCap 600DeletionKKR Real Estate Finance Trust KREFFinancialsMar 23, 2026S&P SmallCap 600DeletionBloomin' Brands BLMNConsumer DiscretionaryMar 23, 2026S&P SmallCap 600DeletionMyriad Genetics MYGNHealth CareMar 23, 2026S&P SmallCap 600DeletionCars.com CARSCommunication ServicesMar 23, 2026S&P SmallCap 600DeletionANGI ANGICommunication ServicesABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.FOR MORE INFORMATION:S&P Dow Jones Indices
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Original: Vertiv Holdings, Lumentum Holdings, Coherent, and EchoStar Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600

Vertiv Declares Quarterly DividendMarch 6, 2026 10:17 AM
PR Newswire (US)

COLUMBUS, Ohio, March 6, 2026 /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, today announced that its Board of Directors has declared a quarterly cash dividend of $0.0625 per share of the company's Class A common stock. The cash dividend will be payable on March 26, 2026, to shareholders of record of Class A common stock at the close of business on March 17, 2026.







About Vertiv Holdings CoVertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.Category: Financial NewsFor investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: lynne.maxeiner@vertiv.com For media inquiries, please contact:
Ruder Finn for Vertiv
E: Vertiv@ruderfinn.com



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Original: Vertiv Declares Quarterly Dividend

Vertiv stock rallies on upbeat 2026 guidance despite Q4 EPS missFebruary 11, 2026 6:46 AM
IH Market News
Shares of Vertiv Holdings (NYSE:VRT) jumped roughly 15% in premarket trading on Wednesday after the company issued stronger-than-expected forecasts for both the current quarter and full-year 2026.In the fourth quarter of 2025, Vertiv reported earnings per share of $1.14, falling short of the $1.30 consensus estimate. Revenue increased 23% year over year to $2.88 billion, broadly matching expectations of $2.89 billion.Adjusted operating profit climbed 33% compared with the same period a year earlier, while adjusted operating margin improved by 170 basis points to 23.2%.The company generated operating cash flow of $1.01 billion during the quarter, and adjusted free cash flow reached $910 million — up 136% and 151%, respectively, from the prior-year period.Looking ahead, Vertiv projected fiscal 2026 earnings per share in a range of $5.97 to $6.07, well above the $5.33 consensus estimate. Full-year revenue is expected to come in between $13.25 billion and $13.75 billion, compared with market forecasts of $12.39 billion.Organic sales growth for the year is forecast at 27% to 29%. The company expects adjusted operating profit of $2.98 billion to $3.10 billion, with an adjusted operating margin between 22.0% and 23.0%.For the first quarter of fiscal 2026, Vertiv guided for EPS of $0.95 to $1.01, roughly in line with consensus expectations of $0.96. Revenue is projected in the range of $2.5 billion to $2.7 billion, versus estimates of $2.56 billion.First-quarter organic net sales growth is anticipated at 18% to 26%.Vertiv also expects adjusted operating profit of $475 million to $515 million for the quarter, with an adjusted operating margin ranging from 8.5% to 19.5%.Vertiv Holdings stock price

Original: Vertiv stock rallies on upbeat 2026 guidance despite Q4 EPS miss

Vertiv Reports Strong Fourth Quarter with Organic Orders Growth of 252% and Diluted EPS Growth of 200% (Adjusted Diluted EPS +37%)February 11, 2026 5:55 AM
PR Newswire (US)

Fourth Quarter 2025Net sales of $2,880 million, 23% higher than fourth quarter 2024Operating profit up 27% and adjusted operating profit(1) up 33% from fourth quarter 2024. Adjusted operating margin of 23.2%, up 170 basis points compared to fourth quarter 2024Operating cash flow of $1,005 million and adjusted free cash flow(1) of $910 million, an increase of 136% and 151%, respectively, compared to prior year fourth quarter. Net leverage of ~0.5x at the end of fourth quarterFull Year 2025Organic sales growth of 26% compared to prior year. Full year diluted EPS growth of 166% and adjusted diluted EPS growth of 47%. Full year operating cash flow of $2,114 million and adjusted free cash flow of $1,887 million, an increase of 60% and 66%, respectively, compared to prior yearFull Year 2026Expect net sales of $13,250 to $13,750 million, with organic sales growth of 27% to 29% compared to 2025Expect full year 2026 diluted EPS of $5.27 to $5.37 and adjusted diluted EPS of $5.97 to $6.07, an increase of 56% and 43%, respectively, at the midpoint compared to full year 2025COLUMBUS, Ohio, Feb. 11, 2026 /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, today reported financial results for its fourth quarter and full year ended December 31, 2025. Vertiv reported fourth quarter net sales of $2,880 million, an increase of $534 million, or 23%, compared to fourth quarter 2024, driven by organic sales growth of 19%. Orders momentum accelerated significantly with fourth quarter organic orders up approximately 252% compared to last year's fourth quarter and up 117% sequentially from third quarter 2025. While the Americas region and hyperscale/colocation data centers were the primary drivers of order strength, order growth was broad-based across regions, technologies and customers. The company's trailing twelve-month organic orders grew approximately 81% compared to the prior year period, reflecting robust market demand, particularly in AI infrastructure. Fourth quarter 2025 book-to-bill ratio was ~2.9x and backlog increased to $15.0 billion, up 109% compared to the same period last year.







Fourth quarter operating profit of $580 million increased $123 million and adjusted operating profit of $668 million increased $164 million, up 27% and 33%, respectively, from fourth quarter 2024. Adjusted operating margin was 23.2%, up 170 basis points compared to fourth quarter 2024, driven by operational leverage on higher volume, productivity and favorable price-cost, partially offset by tariff impact."Our fourth quarter performance demonstrates Vertiv's leadership position in an increasingly complex and demanding data center market," said Giordano Albertazzi, Vertiv's Chief Executive Officer. "Significant growth in orders, sales, margins and cash reflects our ability to scale while maintaining a sharp focus on operational execution. What differentiates Vertiv is our ability to anticipate and shape the industry direction. Deep collaborations with semiconductor industry leaders, combined with our decades-long industry expertise and technology-rich portfolio, enable us to optimize customer outcomes by anticipating needs before they become apparent. We architect systems that deliver superior outcomes today and position our customers well to meet tomorrow's challenges. As we look to 2026, we expect this momentum to continue. Our record backlog provides clear visibility into what we expect to be another year of significant growth.""Today's results reflect years of strategic focus on technology leadership and value creation," said Dave Cote, Vertiv's Executive Chairman. "Our commitment to developing technology that transforms the industry has positioned us as the partner customers turn to for solving their most complex challenges. This technology leadership isn't just about winning today, it's about driving sustainable, long-term growth by continuously redefining what's possible for our customers and the industry."Adjusted Free Cash Flow and LiquidityNet cash generated by operating activities in the fourth quarter was $1,005 million and adjusted free cash flow was $910 million, an increase of $580 million and $548 million, respectively, from fourth quarter 2024. Fourth quarter adjusted free cash flow performance was driven by higher adjusted operating profit, working capital efficiency, including project-related advanced payments and lower cash interest, partially offset by higher cash taxes and increased capital expenditures to support growth.The company's strong cash generation enabled Vertiv to deploy approximately $1 billion for strategic growth acquisitions during the quarter while maintaining low leverage and a strong balance sheet. Liquidity remained strong at $2.6 billion and net leverage was approximately 0.5x at the end of fourth quarter, reflecting continued strong operational performance and cash generation. Vertiv continues its commitment to obtaining and maintaining investment grade credit ratings.Updated Full Year and First Quarter 2026 GuidanceThe data center market continues to show robust momentum, with strong pipeline growth despite significant pipeline conversion to orders in the fourth quarter. To capitalize on these opportunities, Vertiv is strategically increasing ER&D investments and expanding production capacity.
First Quarter 2026 GuidanceNet sales$2,500M - $2,700MOrganic net sales growth(2)18% - 26%Adjusted operating profit(1)$475M - $515MAdjusted operating margin(2)18.5% - 19.5%Adjusted diluted EPS(1)$0.95 - $1.01Adjusted diluted EPS growth(2)48% - 58%




Full Year 2026 GuidanceNet sales$13,250M - $13,750MOrganic net sales growth(2)27% - 29%Adjusted operating profit(1)$2,980M - $3,100MAdjusted operating margin(2)22.0% - 23.0%Adjusted diluted EPS(1)$5.97 - $6.07Adjusted diluted EPS growth(2)42% - 45%Adjusted free cash flow(2)$2,100M - $2,300M(1)This release contains certain non-GAAP metrics. For reconciliations to the relevant GAAP measures and an explanation of the non-GAAP measures and reasons for their use, please refer to sections of this release entitled "Non-GAAP Financial Measures" and "Reconciliation of GAAP and non-GAAP Financial Measures."(2)This is a forward-looking non-GAAP financial measure that cannot be reconciled without unreasonable efforts for those reasons set forth under "Non-GAAP Financial Measures" of this release.Fourth Quarter 2025 Earnings Conference CallVertiv's management team will discuss the Company's results during a conference call on Wednesday, February 11, starting at 11 a.m. Eastern Time. The call will contain forward-looking statements and other material information regarding Vertiv's financial and operating results. A webcast of the live conference call will be available for interested parties to listen to by going to the Investor Relations section of the Company's website at investors.vertiv.com. A slide presentation will be available before the call and will be posted to the website, also at investors.vertiv.com. A replay of the conference call will also be available for 30 days following the webcast.About Vertiv Holdings CoVertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit vertiv.com.Category: Financial NewsNon-GAAP Financial MeasuresFinancial information included in this release has been prepared in accordance with Generally Accepted Accounting Principles ("GAAP"). Vertiv has included certain non-GAAP financial measures in this news release, as indicated above, that may not be directly comparable to other similarly titled measures used by other companies and therefore may not be comparable among companies. These non-GAAP financial measures include organic net sales growth (including on a segment basis), adjusted operating profit, adjusted operating margin, adjusted diluted EPS and adjusted free cash flow, which management believes provides investors with useful supplemental information to evaluate the Company's ongoing operations and to compare with past and future periods. Management also uses certain non-GAAP measures internally for forecasting, budgeting and measuring its operating performance. These measures should be viewed as supplementing, and not as an alternative or substitute for, the Company's financial results prepared in accordance with GAAP. Pursuant to the requirements of Regulation G, Vertiv has provided reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures.Information reconciling certain forward-looking GAAP measures to non-GAAP measures related to first quarter and full-year 2026 guidance, including organic net sales growth, adjusted free cash flow and adjusted operating margin, is not available without unreasonable effort due to high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations. For those reasons, we are unable to compute the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.See "Reconciliation of GAAP and Non-GAAP Financial Measures" in this release for Vertiv's reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures.Cautionary Note Concerning Forward-Looking StatementsThis news release, and other statements that Vertiv may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv's future financial or business performance, strategies or expectations, and as such are not historical facts. This includes, without limitation, statements regarding Vertiv's financial position, capital structure, indebtedness, business strategy and plans and objectives of Vertiv management for future operations, as well as statements regarding growth, anticipated demand for our products and services and our business prospects during 2026, as well as expected impacts from our pricing actions, and our guidance for first quarter and full year 2026 and statements regarding tariffs, global trade conflict and any actions we may take in response thereto. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Vertiv cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.The forward-looking statements contained in this release are based on current expectations and beliefs concerning future developments and their potential effects on Vertiv. There can be no assurance that future developments affecting Vertiv will be those that Vertiv has anticipated. Vertiv undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Vertiv's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Vertiv has previously disclosed risk factors in its Securities and Exchange Commission ("SEC") reports, including those set forth in the Vertiv 2024 Annual Report on Form 10-K filed with the SEC on February 18, 2025. These risk factors and those identified elsewhere in this release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: risks relating to the continued growth of our customers' markets; long sales cycles for certain Vertiv products and solutions as well as unpredictable placing or cancelling of customer orders; failure to realize sales expected from our backlog of orders and contracts; disruption of or consolidation in our customer's markets or categorical shifts in customer technology spending; less leverage with large customer contract terms; failure to mitigate risks associated with long-term fixed price contracts; competition in the industry in which we operate; failure to obtain performance and other guarantees from financial institutions; risks associated with governmental contracts; failure to properly manage production cost changes and supply; failure to anticipate market change and competition in the infrastructure technologies; risks associated with information technology disruption or cyber-security incidents; risks associated with the implementation and enhancement of information systems; failure to realize the expected benefit from any rationalization, restructuring and improvement efforts; disruption of, or changes in, Vertiv's independent sales representatives, distributors and original equipment manufacturers; increase of variability in our effective tax rate costs or liabilities associated with product liability due to global operations subjecting us to income and other taxes in the U.S. and numerous foreign entities; costs or liabilities associated with product liability and damage to our reputation and brands; the global scope of Vertiv's operations, especially in emerging markets; failure to benefit from future significant corporate transactions; risks associated with Vertiv's sales and operations and expanding global production facilities; risks associated with future legislation and regulation of Vertiv's customers' markets; our ability to comply with various laws and regulations including but not limited to, laws and regulations relating to data protection and data privacy; failure to properly address legal compliance issues, particularly those related to imports/exports, anti-corruption laws, and foreign operations; risks associated with foreign trade policy, including tariffs and global trade conflict risks associated with litigation or claims against the Company, including the risk of adverse outcomes to any legal claims and proceedings; our ability to protect or enforce our proprietary rights on which our business depends; third party intellectual property infringement claims; liabilities associated with environmental, health and safety matters; failure to achieve environmental, social and governance goals; failure to realize the value of goodwill and intangible assets; exposure to fluctuations in foreign currency exchange rates; failure to remediate material weaknesses in our internal controls over financial reporting; our level of indebtedness and our ability to comply with the covenants and restrictions contained in our credit agreements; our ability to access funding through capital markets; resales of Vertiv securities may cause volatility in the market price of our securities; our organizational documents contain provisions that may discourage unsolicited takeover proposals; our certificate of incorporation includes a forum selection clause, which could discourage or limit stockholders' ability to make a claim against it; the ability of our subsidiaries to pay dividends; factors relating to the business, operations and financial performance of Vertiv and its subsidiaries, including: global economic weakness and uncertainty; our ability to attract, train and retain key members of our leadership team and other qualified personnel; the adequacy of our insurance coverage; fluctuations in interest rates materially affecting our financial results and increasing the risk our counterparties default in our interest rate hedges; our incurrence of significant costs and devotion of substantial management time as a result of operating as a public company; and other risks and uncertainties indicated in Vertiv's SEC reports or documents filed or to be filed with the SEC by Vertiv. Forward-looking statements included in this news release speak only as of the date of this news release or any earlier date specified for such statements. All subsequent written or oral forward-looking statements attributable to Vertiv or persons acting on Vertiv's behalf may be qualified in their entirety by this Cautionary Note Concerning Forward-Looking Statements.For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: lynne.maxeiner@vertiv.comFor media inquiries, please contact:
Ruder Finn for Vertiv
E: Vertiv@ruderfinn.com Vertiv Holdings CoCONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (Unaudited)(Dollars in millions except for per share data) 

Three months ended
December 31, 2025
Three months ended
December 31, 2024
Year ended
December 31, 2025
Year ended
December 31, 2024Net sales






Net sales - products$                 2,360.5
$                 1,914.3
$                 8,390.6
$                 6,393.5Net sales - services519.5
432.1
1,839.3
1,618.3Net sales2,880.0
2,346.4
10,229.9
8,011.8Costs and expenses






Cost of sales - products1,466.4
1,223.8
5,447.2
4,099.4Cost of sales - services292.2
252.4
1,067.5
978.2Cost of sales1,758.6
1,476.2
6,514.7
5,077.6Operating expenses






Selling, general and administrative expenses                                           461.6
361.6
1,617.8
1,374.0Amortization of intangibles 59.3
47.1
200.4
184.2Restructuring costs20.8
1.2
54.5
5.3Foreign currency (gain) loss, net6.2
0.6
12.0
9.3Other operating expense (income)(6.4)
2.5
0.8
(6.0)Operating profit (loss)579.9
457.2
1,829.7
1,367.4Interest expense, net16.7
30.7
86.1
150.4Loss on extinguishment of debt—
1.3
1.7
2.4Change in fair value of warrant liabilities —
180.0
—
449.2Income (loss) before income taxes563.2
245.2
1,741.9
765.4Income tax expense (benefit)117.6
98.2
409.1
269.6Net income (loss)$                    445.6
$                    147.0
$                 1,332.8
$                    495.8







Earnings (loss) per share:






Basic$                      1.16
$                      0.39
$                      3.49
$                      1.32Diluted$                      1.14
$                      0.38
$                      3.41
$                      1.28Weighted-average shares outstanding






Basic382,473,479
376,614,304
381,712,181
376,418,933Diluted391,671,334
386,473,586
390,652,824
386,325,058 Vertiv Holdings CoCONSOLIDATED BALANCE SHEETS (Unaudited)(Dollars in millions) 

December 31, 2025
December 31, 2024ASSETS


Current assets:


Cash and cash equivalents$                    1,728.4
$                    1,227.6Short-term investments99.5
—Accounts receivable, less allowances of $25.6 and 22.4, respectively3,109.0
2,362.7Inventories1,456.5
1,244.4Other current assets426.1
267.1 Total current assets6,819.5
5,101.8Property, plant and equipment, net921.8
625.1Other assets:


Goodwill2,033.7
1,321.1Other intangible assets, net1,894.8
1,487.1Deferred income taxes179.6
303.3Right-of-use assets, net303.0
202.1Other60.0
92.0 Total other assets4,471.1
3,405.6Total assets$                  12,212.4
$                    9,132.5LIABILITIES AND EQUITY


Current liabilities:


Current portion of long-term debt$                        20.9
$                         21.0Accounts payable1,756.4
1,316.4Deferred revenue1,814.7
1,063.3Accrued expenses and other liabilities771.6
612.6Income taxes43.4
83.7 Total current liabilities4,407.0
3,097.0Long-term debt, net2,892.1
2,907.2Deferred income taxes232.8
240.3Long-term lease liabilities245.2
171.4Other long-term liabilities494.0
282.3Total liabilities8,271.1
6,698.2Equity


Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding—
—Common stock, $0.0001 par value, 700,000,000 shares authorized, 382,553,680 and 380,703,974 shares issued and   
outstanding at December 31, 2025 and December 31, 2024, respectively—
—Additional paid-in capital2,895.2
2,821.4Retained earnings1,027.9
(238.3)Accumulated other comprehensive (loss) income18.2
(148.8)Total equity3,941.3
2,434.3Total liabilities and equity$                  12,212.4
$                    9,132.5 Vertiv Holdings CoCONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)(Dollars in millions) 

?              Three months ended
December 31, 2025
Three months ended
December 31, 2024
Year ended
December 31, 2025
Year ended
December 31, 2024Cash flows from operating activities:







Net income (loss)
$                      445.6
$                      147.0
$                   1,332.8
$                      495.8Adjustments to reconcile net income (loss) to net cash
provided by (used for) operating activities:







Depreciation
26.2
20.9
97.1
81.6 Amortization
62.1
50.1
211.5
195.4 Deferred income taxes
(69.6)
(1.4)
22.6
(54.5) Amortization of debt discount and issuance costs
0.6
1.5
5.9
7.0 Change in fair value of warrant liabilities
—
180.0
—
449.2 Stock-based compensation
7.2
8.8
45.9
34.6 Changes in operating working capital
506.0
44.9
339.3
114.1 Other
26.8
(26.6)
58.7
(3.9) Net cash provided by (used for) operating
activities
1,004.9
425.2
2,113.8
1,319.3Cash flows from investing activities:







Capital expenditures
(93.3)
(60.7)
(220.0)
(167.0)Investments in capitalized software
(1.7)
(2.7)
(6.4)
(17.1)Purchase of short-term investments
—
—
(539.6)
—Proceeds from maturities of short-term investments
450.0
—
450.0
—Acquisition of business, net of cash acquired
(989.1)
(17.6)
(1,184.8)
(17.6)Net cash provided by (used for) investing activities
(634.1)
(81.0)
(1,500.8)
(201.7)Cash flows from financing activities:







Borrowings from ABL revolving credit facility and short-
term borrowings
—
—
—
270.0Repayments of ABL revolving credit facility and short-
term borrowings
—
—
—
(270.0)Repayment of long-term debt
(5.2)
(5.2)
(20.9)
(21.1)Dividend payment
(24.0)
(14.1)
(66.6)
(42.2)Repurchase of common stock
—
—
—
(599.9)Exercise of employee stock options
4.4
8.0
26.4
33.0Employee taxes paid from shares withheld
(3.2)
(0.4)
(11.2)
(21.9) Net cash provided by (used for) financing activities
(28.0)
(11.7)
(72.3)
(652.1)Effect of exchange rate changes on cash and cash
equivalents
2.8
(17.7)
16.9
(21.9)Increase (decrease) in cash, cash equivalents and
restricted cash
345.6
314.8
557.6
443.6Beginning cash, cash equivalents and restricted cash
1,444.2
917.4
1,232.2
788.6Ending cash, cash equivalents and restricted cash
$                   1,789.8
$                   1,232.2
$                   1,789.8
$                   1,232.2Changes in operating working capital







Accounts receivable
$                    (207.7)
$                      (89.9)
$                    (547.5)
$                    (280.3)Inventories
(21.6)
(4.5)
(164.7)
(369.3)Other current assets
(32.2)
(16.6)
(72.9)
(63.7)Accounts payable
19.1
84.2
381.2
343.1Deferred revenue
668.1
62.8
717.5
434.5Accrued expenses and other liabilities
73.9
(10.2)
93.1
7.0Income taxes
6.4
19.1
(67.4)
42.8 Total changes in operating working capital
$                      506.0
$                        44.9
$                      339.3
$                      114.1 Reconciliation of GAAP and non-GAAP Financial MeasuresTo supplement this news release, we have included certain non-GAAP financial measures in the format of performance metrics. Management believes these non-GAAP financial measures provide investors with additional meaningful financial information that should be considered when assessing our underlying business performance and trends. Further, management believes these non-GAAP financial measures also enhance investors' ability to compare period-to-period financial results. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the company's reported results prepared in accordance with GAAP. Our non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of each of these non-GAAP financial measures to GAAP information are also included. Management uses these non-GAAP financial measures in making financial, operating, compensation and planning decisions and in evaluating the company's performance. Disclosing these non-GAAP financial measures allows investors and management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.Vertiv's non-GAAP financial measures include:Adjusted operating profit (loss), which represents operating profit (loss), adjusted to exclude amortization of intangibles, restructuring costs associated with the global restructuring programs, contingent consideration, and merger and acquisition costs;Adjusted operating margin, which represents adjusted operating profit (loss) divided by net sales;Organic net sales growth, which represents the change in net sales adjusted to exclude the impacts of foreign currency exchange rate and acquisitions;Adjusted free cash flow, which represents net cash provided by (used for) operating activities adjusted to exclude capital expenditures and investments in capitalized software; andAdjusted diluted EPS, which represents diluted earnings per share adjusted to exclude amortization of intangibles, restructuring costs associated with global restructuring programs, contingent consideration, merger and acquisition costs, net non-recurring tax adjustments, term loan due 2032 amendment expense and change in warranty liability.Regional Segment Results
Three months ended December 31,
Year ended December 31,
2025
2024
?
?%
Organic ?
%(2)
2025
2024
?
?%
Organic ?
%(2)Net Sales(1):


















Americas$  1,886.3
$  1,255.9
$     630.4
50.2 %
46.2 %
$  6,386.3
$  4,500.6
$  1,885.7
41.9 %
40.8 %APAC492.0
544.0
(52.0)
(9.6) %
(9.3) %
2,019.2
1,717.8
301.4
17.5 %
18.2 %EMEA501.7
546.5
(44.8)
(8.2) %
(14.1) %
1,824.4
1,793.4
31.0
1.7 %
(2.1) %
$  2,880.0
$  2,346.4
$     533.6
22.7 %
19.3 %
$ 10,229.9
$  8,011.8
$  2,218.1
27.7 %
26.3 %



















Adjusted operating profit (loss)(3):









Americas$     568.2
$     321.5
$     246.7
76.7 %


$  1,714.3
$  1,097.8
$     616.5
56.2 %

APAC48.7
68.4
(19.7)
(28.8) %


222.1
175.2
46.9
26.8 %

EMEA111.0
145.2
(34.2)
(23.6) %


377.4
439.4
(62.0)
(14.1) %

Corporate(4)(59.8)
(30.8)
(29.0)
94.2 %


(224.1)
(160.8)
(63.3)
39.4 %


$     668.1
$     504.3
$     163.8
32.5 %


$  2,089.7
$  1,551.6
$     538.1
34.7 %





















Adjusted operating margins(5):









Americas30.1 %
25.6 %
4.5 %




26.8 %
24.4 %
2.4 %



APAC9.9 %
12.6 %
(2.7) %




11.0 %
10.2 %
0.8 %



EMEA22.1 %
26.6 %
(4.5) %




20.7 %
24.5 %
(3.8) %



Vertiv23.2 %
21.5 %
1.7 %




20.4 %
19.4 %
1.0 %



(1)Segment net sales are presented excluding intercompany sales.(2)Organic basis is adjusted to exclude foreign currency exchange rate impact and the change in acquisition sales.(3)Adjusted operating profit (loss) is only adjusted at the Corporate segment. There are no adjustments at the reportable segment level between operating profit (loss) and adjusted operating profit (loss).(4)Corporate costs consist of headquarters management costs, asset impairments, and costs that support centralized global functions including Finance, Treasury, Risk Management, Strategy & Marketing, Legal, and Human Resources.(5)Adjusted operating margins calculated as adjusted operating profit (loss) divided by net sales.Sales by Product and Service Offering
Three months ended December 31,
2025
2024
?
? %Americas:






Products$            1,564.4
$          1,013.9
$            550.5
54.3 %Services & spares321.9
242.0
79.9
33.0 %
$            1,886.3
$          1,255.9
$            630.4
50.2 %Asia Pacific:






Products$              360.4
$            417.5
$             (57.1)
(13.7) %Services & spares131.6
126.5
5.1
4.0 %
$              492.0
$            544.0
$             (52.0)
(9.6) %Europe, Middle East & Africa:






Products$              384.6
$            443.5
$             (58.9)
(13.3) %Services & spares117.1
103.0
14.1
13.7 %
$              501.7
$            546.5
$             (44.8)
(8.2) %Total:






Products$            2,309.4
$          1,874.9
$            434.5
23.2 %Services & spares570.6
471.5
99.1
21.0 %
$            2,880.0
$          2,346.4
$            533.6
22.7 %


Year ended December 31,
2025
2024
?
? %Americas:






Products$           5,270.1
$           3,579.1
$           1,691.0
47.2 %Services & spares1,116.2
921.5
194.7
21.1 %
$           6,386.3
$           4,500.6
$           1,885.7
41.9 %Asia Pacific:






Products$           1,510.9
$           1,248.5
$             262.4
21.0 %Services & spares508.3
469.3
39.0
8.3 %
$           2,019.2
$           1,717.8
$             301.4
17.5 %Europe, Middle East & Africa:






Products$           1,426.0
$           1,417.6
$                 8.4
0.6 %Services & spares398.4
375.8
22.6
6.0 %
$           1,824.4
$           1,793.4
$               31.0
1.7 %Total:






Products$           8,207.0
$           6,245.2
$           1,961.8
31.4 %Services & spares2,022.9
1,766.6
256.3
14.5 %
$         10,229.9
$           8,011.8
$           2,218.1
27.7 %Organic growth by Product and Service Offering
Three months ended December 31, 2025
Net Sales ?
FX ?
Acquisition ?(1)
Organic growth
Organic ? %(2)Americas:








Products$                550.5
$                  (1.7)
$                (29.3)
$                519.5
51.2 %Services & spares79.9
(2.3)
(16.6)
61.0
25.2 %
$                630.4
$                  (4.0)
$                (45.9)
$                580.5
46.2 %Asia Pacific:








Products$                (57.1)
$                    0.8
$                     —
$                (56.3)
(13.5) %Services & spares5.1
0.6
—
5.7
4.5 %
$                (52.0)
$                    1.4
$                     —
$                (50.6)
(9.3) %Europe, Middle East & Africa:








Products$                (58.9)
$                (20.8)
$                  (0.8)
$                (80.5)
(18.2) %Services & spares14.1
(9.9)
(0.8)
3.4
3.3 %
$                (44.8)
$                (30.7)
$                  (1.6)
$                (77.1)
(14.1) %Total:








Products$                434.5
$                (21.7)
$                (30.1)
$                382.7
20.4 %Services & spares99.1
(11.6)
(17.4)
70.1
14.9 %
$                533.6
$                (33.3)
$                (47.5)
$                452.8
19.3 %(1)The change in acquisition sales includes sales for the three months ended December 31, 2025, for acquisitions completed in the year ended December 31, 2025.(2)Organic growth percentage change is calculated as organic growth divided by net sales for the three months ended December 31, 2024. 
Year ended December 31, 2025
Net Sales ?
FX ?
Acquisition ?(1)
Organic growth
Organic ? %(2)Americas:








Products$             1,691.0
$                    5.9
$                (40.5)
$             1,656.4
46.3 %Services & spares194.7
0.4
(16.6)
178.5
19.4 %
$             1,885.7
$                    6.3
$                (57.1)
$             1,834.9
40.8 %Asia Pacific:








Products$                262.4
$                    7.4
$                     —
$                269.8
21.6 %Services & spares39.0
4.1
—
43.1
9.2 %
$                301.4
$                  11.5
$                     —
$                312.9
18.2 %Europe, Middle East & Africa:








Products$                    8.4
$                (50.8)
$                  (0.9)
$                (43.3)
(3.1) %Services & spares22.6
(16.6)
(0.8)
5.2
1.4 %
$                  31.0
$                (67.4)
$                  (1.7)
$                (38.1)
(2.1) %Total:








Products$             1,961.8
$                (37.5)
$                (41.4)
$             1,882.9
30.1 %Services & spares256.3
(12.1)
(17.4)
226.8
12.8 %
$             2,218.1
$                (49.6)
$                (58.8)
$             2,109.7
26.3 %(1)The change in acquisition sales includes sales for the year ended December 31, 2025, for acquisitions completed in the year ended December 31, 2025.(2)Organic growth percentage change is calculated as organic growth divided by net sales for the year ended December 31, 2024.Segment informationOperating profit (loss)Three months ended
December 31, 2025
Three months ended
December 31, 2024
Year ended 
December 31, 2025
Year ended
December 31, 2024Americas$                      568.2
$                      321.5
$                    1,714.3
$                    1,097.8Asia Pacific48.7
68.4
222.1
175.2Europe, Middle East & Africa                                          111.0
145.2
377.4
439.4Total reportable segments727.9
535.1
2,313.8
1,712.4Foreign currency gain (loss)(6.2)
(0.6)
(12.0)
(9.3)Corporate(82.5)
(30.2)
(271.7)
(151.5)Total corporate and other(88.7)
(30.8)
(283.7)
(160.8)Amortization of intangibles(59.3)
(47.1)
(200.4)
(184.2)Operating profit (loss)$                      579.9
$                      457.2
$                    1,829.7
$                    1,367.4Reconciliation of net cash provided by (used for) operating activities to adjusted free cash flow
Three months ended
December 31, 2025
Three months ended
December 31, 2024
Year ended
December 31, 2025
Year ended
December 31, 2024Net cash provided by (used for) operating activities     $                    1,004.9
$                      425.2
$                    2,113.8
$                    1,319.3Capital expenditures(93.3)
(60.7)
(220.0)
(167.0)Investments in capitalized software(1.7)
(2.7)
(6.4)
(17.1)Adjusted free cash flow$                      909.9
$                      361.8
$                    1,887.4
$                    1,135.2Reconciliation from operating profit (loss) to adjusted operating profit (loss)
Three months ended
December 31, 2025
Three months ended
December 31, 2024
Year ended 
December 31, 2025
Year ended
December 31, 2024Operating profit (loss)$                      579.9
$                      457.2
$                    1,829.7
$                    1,367.4Amortization of intangibles59.3
47.1
200.4
184.2Restructuring costs - global programs                                 18.8
—
49.5
—Contingent consideration4.9
—
4.9
—Mergers and acquisition costs5.2
—
5.2
—Adjusted operating profit (loss)$                      668.1
$                      504.3
$                    2,089.7
$                    1,551.6Reconciliation from operating margin to adjusted operating margin
Three months ended
December 31, 2025
Three months ended
December 31, 2024
?
Year ended
December 31, 2025
Year ended
December 31, 2024
?Vertiv net sales$              2,880.0
$              2,346.4
$   533.6
$          10,229.9
$            8,011.8
$ 2,218.1Vertiv operating profit (loss)579.9
457.2
122.7
1,829.7
1,367.4
462.3Vertiv operating margin20.1 %
19.5 %
0.6 %
17.9 %
17.1 %
0.8 %











Amortization of intangibles$                   59.3
$                   47.1
$     12.2
$               200.4
$               184.2
$     16.2Restructuring costs - global programs18.8
—
18.8
49.5
—
49.5Contingent consideration4.9
—
4.9
4.9
—
4.9Mergers and acquisition costs5.2
—
5.2
5.2
—
5.2Vertiv adjusted operating profit (loss)668.1
504.3
163.8
2,089.7
1,551.6
538.1Vertiv adjusted operating margin23.2 %
21.5 %
1.7 %
20.4 %
19.4 %
1.0 %Reconciliation of Diluted EPS to Non-GAAP Adjusted EPSThree months ended December 31, 2025








Operating profit (loss)
Interest expense, net
Income tax expense
(benefit)
Net income (loss)
Diluted EPS(1)GAAP$                      579.9
$                        16.7
$                      117.6
$                      445.6
$                        1.14Amortization of intangibles59.3
—
—
59.3
0.15Restructuring costs - global programs                     18.8
—
—
18.8
0.05Contingent consideration4.9
—
—
4.9
0.01Mergers and acquisition costs5.2
—
—
5.2
0.01Non-GAAP Adjusted$                      668.1
$                        16.7
$                      117.6
$                      533.8
$                        1.36Diluted shares (in millions)







391.7(1)Diluted EPS and adjusted diluted EPS is based on 391.7 million shares (includes 382.5 million basic shares and 9.2 million potential dilutive equity awards). Three months ended December 31, 2024












Operating
profit (loss)
Interest
expense, net
Loss on
extinguishment of
debt
Change in
warrant liability
Income tax
expense (benefit)
Net income
(loss)
Diluted EPS(1)GAAP$            457.2
$              30.7
$                    1.3
$              180.0
$              98.2
$            147.0
$               0.38Amortization of intangibles47.1
—
—
—
—
47.1
0.12Change in warrant liability—
—
—
(180.0)
(37.5)
217.5
0.56Nonrecurring tax benefit, net(2)         —
—
—
—
27.1
(27.1)
(0.07)Non-GAAP Adjusted$            504.3
$              30.7
$                    1.3
$                   —
$              87.8
$            384.5
$               0.99Diluted shares (in millions)











386.5(1)Diluted EPS and adjusted diluted EPS is based on 386.5 million shares (includes 376.6 million basic shares and 9.9 million potential dilutive equity awards). We believe that this presentation is more representative of operating results by removing the impact of warrant liability accounting and the associated impact on diluted share count.(2)Nonrecurring tax benefit includes $27.1 million of valuation allowance release as a result of the Company's updated assessment of the realization of deferred tax assets in certain countries. Year ended December 31, 2025










Operating profit
(loss)
Interest expense,
net
Loss on
extinguishment of
debt
Income tax
expense (benefit)
Net income
(loss)
Diluted EPS(1)GAAP$              1,829.7
$                   86.1
$                    1.7
$                 409.1
$              1,332.8
$                   3.41Amortization of intangibles200.4
—
—
—
200.4
0.52Restructuring costs - global programs49.5
—
—
—
49.5
0.13Contingent consideration4.9
—
—
—
4.9
0.01Mergers and acquisition costs5.2
—
—
—
5.2
0.01Nonrecurring tax benefit, net(2)—
—
—
(39.5)
39.5
0.10Term loan due 2032 amendment expense(3)—
(6.2)
(1.7)
—
7.9
0.02Non-GAAP Adjusted$              2,089.7
$                   79.9
$                      —
$                 369.6
$              1,640.2
$                   4.20Diluted shares (in millions)









390.7(1)Diluted EPS and adjusted diluted EPS is based on 390.7 million shares (includes 381.7 million basic shares and 9.0 million potential dilutive equity awards).(2)Nonrecurring tax benefit includes $39.5 million of valuation allowance release as a result of the Company's updated assessment of the realization of deferred tax assets in certain countries.(3)Costs associated with the August 12, 2025 amendment of the Term Loan due 2032. Year ended December 31, 2024












Operating
profit (loss)
Interest
 expense, net
Loss on
extinguishment of
debt
Change in
warrant liability
Income tax
expense
(benefit)
Net income
(loss)
Diluted EPS(1)GAAP$              1,367.4
$                   150.4
$                               2.4
$                     449.2
$                   269.6
$                  495.8
$                      1.28Amortization of intangibles184.2
—
—
—
—
184.2
0.48Change in warrant liability—
—
—
(449.2)
—
449.2
1.16Nonrecurring tax benefit, net(2)—
—
—
—
27.1
(27.1)
(0.07)Non-GAAP Adjusted$              1,551.6
$                   150.4
$                               2.4
$                             —
$                   296.7
$              1,102.1
$                      2.85Diluted shares (in millions)











386.3(1)Diluted EPS and adjusted diluted EPS is based on 386.3 million shares (includes 376.4 million basic shares and 9.9 million potential dilutive equity awards). We believe that this presentation is more representative of operating results by removing the impact of warrant liability accounting and the associated impact on diluted share count.(2)Nonrecurring tax benefit includes $27.1 million of valuation allowance release as a result of the Company's updated assessment of the realization of deferred tax assets in certain countries. Vertiv Holdings Co2026 Adjusted GuidanceReconciliation of GAAP Operating Profit to Non-GAAP Adjusted Financial Performance(1) 
First Quarter 2026








Operating profit (loss)
Interest expense, net
Income tax expense
(benefit)
Net income (loss)
Diluted EPS(2)GAAP$                      424.8
$                        18.7
$                        93.4
$                      312.7
$                        0.80Amortization of intangibles     70.4
—
—
70.4
0.18Non-GAAP Adjusted$                      495.2
$                        18.7
$                        93.4
$                      383.1
$                        0.98Diluted shares (in millions)







392.0

















Full Year 2026








Operating profit (loss)
Interest expense, net
Income tax expense
(benefit)
Net income (loss)
Diluted EPS(2)GAAP$                    2,765.4
$                        59.0
$                      622.5
$                    2,083.9
$                        5.32Amortization of intangibles274.4
—
—
274.4
0.70Non-GAAP Adjusted$                    3,039.8
$                        59.0
$                      622.5
$                    2,358.3
$                        6.02Diluted shares (in millions)







392.0(1)Information reconciling certain forward-looking GAAP measures to non-GAAP measures related to FY 2026 guidance, including organic net sales growth, adjusted operating margin and adjusted free cash flow, is not available without unreasonable effort due to high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations. For the same reasons, we are unable to compute the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.(2)Diluted EPS and adjusted diluted EPS based on 392.0 million shares (includes 383.0 million basic shares and a weighted average 9.0 million potential dilutive equity awards). 



View original content to download multimedia:https://www.prnewswire.com/news-releases/vertiv-reports-strong-fourth-quarter-with-organic-orders-growth-of-252-and-diluted-eps-growth-of-200-adjusted-diluted-eps-37-302684536.htmlSOURCE Vertiv Holdings Co

Original: Vertiv Reports Strong Fourth Quarter with Organic Orders Growth of 252% and Diluted EPS Growth of 200% (Adjusted Diluted EPS +37%)

Stock market rotates whereever it wants. Shady stuff. Look here in a year 220-240

And massive surge today LOL!

Reports good earnings and getting CRUSHED!

Hot

We're in the same place as last quarter positive earnings. Red

Vertiv Reports Strong Fourth Quarter 2024 Results
https://ih.advfn.com/stock-market/NYSE/vertiv-VRT/stock-news/95417976/vertiv-reports-strong-fourth-quarter-2024-results

Vertiv Announces Global Launch of Liquid Cooling Services Portfolio to Support Systems for AI and High-Density Compute Applications
https://ih.advfn.com/stock-market/NYSE/vertiv-VRT/stock-news/95409328/vertiv-announces-global-launch-of-liquid-cooling-s

Large insider open market sell ....but Weiss on CNBC is still a believer and buying this pullback
Kiwi

Why do I look forward to positive earnings, if they are just going to hack the price.....I hope this turns after open.

Yeah this is one of my green stocks....Can't wait until it takes offfffff!

So much happening behind scenes in AI

Vertiv (VRT) CEO On Investor Conference & Guidance Update



Nice run and new high.

Data-center fiber-optic demand growing alongside data-center cooling..symbiotically imo

Nice movement but getting a little long in the tooth for right now

I open a position here
pretty chart and great company

I guess EVERCORE raising the price guidance was a BAD thing!!!!

While I'm not a huge fan of the Motley Fool I agree with the following from Bradley Guichard

The company used $600 million of its cash to repurchase stock in the first quarter of 2024 at an average price of $66 per share, showing Vertiv's confidence that its stock was undervalued. The stock trades for just over $100 per share now.

Sales for Q1 hit $1.6 billion, an 8% growth rate. The growth doesn't seem impressive on the surface; however, the company's order volume grew by 60%. This means that customers placed 60% more orders than in the previous year, and this revenue will be recognized in future quarters.

Vertiv also reported a book-to-bill ratio of 1.5. This means that for every $1 of sales billed to a customer, Vertiv received $1.50 in new orders. Both metrics indicate significant, sustained growth, reinforcing the demand uptrend in data center infrastructure.

The biggest risk for investors in Vertiv is the stock's valuation. Its forward price-to-earnings ratio is near 45, which seems high. But that isn't the whole story. Operating profits quadrupled in 2023 over 2022, moving from $223 million to $872 million, and diluted earnings rocketed from a negative $0.04 to a positive $1.19 per share. Vertiv also raised its full-year 2024 guidance in Q1. In Q4 2023, the company forecast a 23% growth in operating income for 2024. Last quarter, it upped this to 28%.

Vertiv looks like an excellent long-term investment, given its secular tailwinds and profitable business model.

Demand still looks strong for their liquid cooling systems .
However what could go wrong here . ? ..less expensive competition , New NVDA chips requiring less cooling .

Anyone know if the new NVDA chips require less cooling ?

Kiwi

It's a valuation call . Weiss on CNBC was selling so that may have triggered it .
Anyone thats owned this for the past year has probably trimmed as simple portfolio management ...as example not letting any one position be more then 10% of your portfolio ...and sell some when it exceeds that .
Fundamentals for Co still look solid as far as I can see
JMO
Kiwi

Good luck to you

Have to disagree with you. This stock has been going up based on fundamentals. The fundamentals are not changing. I see continuation of higher growth in the next 4 quarters. This looks like a classical technical dip with investors locking in profits.
An excellent chance to “BUY THE DIP”. JMO

-19.61 in 5 days
Ouch I’m out

I sure can pick a loser
Will get out today
Cooling systems or whatever they say they do definitely aren’t in need for AI oh well on to the next one to make up losses

Down OVER $10 now and NO REASON given!

Down $10 in a week is not what I had in mind when I jumped in

By far, VRT is the best stock in my portfolio. It looks like growth will continue.

Looking great today....wish I'd have bought more at $66!

VRT new 52 week high

VRT new 52 week high

Guys come over and discuss this beauty

They have a diversified portfolio.
My believe is that the demand ,specially for cloud storage will increase significantly,,, if you compare the market cap with peers like Eaton legrand and others they are undervalued,they have like 389 million in cash and are a product of Goldman Sachs ... I already have a position and will add in dips if possible ... today it had a strong trading day and a very good close.

Tomorrow I expect the markets to be in turbulence because of the options and tge big news president trump said he was going to drop concerning China !

so what makes this a buy? I see there is good management , but there's good management in so many others in which your money just sits there waiting for something to occur which may or may not occur. what do you see as the potential here?

Let’s discuss this baby guys!

Ok let’s get this one rolling guys!