The company said net sales for Q1 2024 rose 8% from a year earlier to $1,639 million, and adjusted operating profit rose 42% to $249 million. Operating profit was $203 million.

1. 01

   The company said net sales for Q1 2024 rose 8% from a year earlier to $1,639 million, and adjusted operating profit rose 42% to $249 million. Operating profit was $203 million.

2. 02

   Vertiv said organic orders in Q1 2024 rose 60% from a year earlier, the book-to-bill ratio was 1.5x, and backlog at the end of Q1 2024 was a record $6.3 billion.

3. 03

   The company said it repurchased $600 million of shares in Q1 2024 (about 9.1 million shares at a weighted average price of $66 per share). Net cash from operating activities for the same quarter was $138 million, and adjusted free cash flow was $101 million.

4. 04

   The company outlined its 2024 full-year outlook, expecting net sales of $7,540M to $7,690M, adjusted operating profit of $1,325M to $1,375M, and adjusted free cash flow of $800M to $850M.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.