Vertiv Holdings Co - Ordinary Shares - Class A

Strong Financial Performance: Vertiv reported a 49% year-over-year increase in adjusted EPS to $0.64, driven by a robust adjusted operating profit of $337 million, reflecting a 35% increase YOY. Organic net sales rose 25%, significantly outperforming market growth, which demonstrates strong execution and demand for their services.

Increased Full-Year Guidance: The company raised its full-year organic sales growth expectation to 18%, up from earlier forecasts, supported by strong order inflows and expanding backlog, which reached $7.9 billion—a $1.6 billion increase YOY. This reflects confidence in the ongoing demand, particularly driven by trends in AI infrastructure.

Tariff Challenges: Despite the positive outlook, Vertiv faces potential headwinds due to tariff implications, impacting the adjusted operating margin, which is expected to be 20.5% for the year given current tariff rates. The tariff situation is dynamic, and while efforts are in place to mitigate its effects, there remains uncertainty about future tariffs which could affect results.