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Vertiv Holdings | 10-Q: Q2 2024 Earnings Report

Vertiv Holdings | 10-Q: Q2 2024 Earnings Report

Vertiv Holdings | 10-Q:2024财年二季报
美股SEC公告 ·  2024/07/27 04:39

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Vertiv Holdings reported robust Q2 2024 financial results with net sales reaching $1.95 billion, up 12.6% year-over-year, driven by higher volumes across all segments. Operating profit surged 63.3% to $336 million, while net income more than doubled to $178.1 million. Gross margin expanded to 38% from 34.3% in the prior year quarter.The Americas segment led growth with sales up 16.9% to $1.12 billion and operating profit increasing 48.7% to $285.1 million, driven by strong demand in Colocation and Hyperscale markets. Europe, Middle East & Africa delivered 11.5% sales growth to $422.6 million, while Asia Pacific grew 3.4% to $409.1 million despite currency headwinds.The company maintained strong liquidity with $579.7 million in cash and $585 million available under its credit facility. During Q2, Vertiv reduced its term loan interest rate margin by 0.50% and extended its revolving credit facility to 2029. The company continues to invest in capacity expansion and new technologies to support growing AI infrastructure demand while executing its $3 billion share repurchase program.
Vertiv Holdings reported robust Q2 2024 financial results with net sales reaching $1.95 billion, up 12.6% year-over-year, driven by higher volumes across all segments. Operating profit surged 63.3% to $336 million, while net income more than doubled to $178.1 million. Gross margin expanded to 38% from 34.3% in the prior year quarter.The Americas segment led growth with sales up 16.9% to $1.12 billion and operating profit increasing 48.7% to $285.1 million, driven by strong demand in Colocation and Hyperscale markets. Europe, Middle East & Africa delivered 11.5% sales growth to $422.6 million, while Asia Pacific grew 3.4% to $409.1 million despite currency headwinds.The company maintained strong liquidity with $579.7 million in cash and $585 million available under its credit facility. During Q2, Vertiv reduced its term loan interest rate margin by 0.50% and extended its revolving credit facility to 2029. The company continues to invest in capacity expansion and new technologies to support growing AI infrastructure demand while executing its $3 billion share repurchase program.
Vertiv Holdings公布了强劲的2024年第二季度财务业绩,净销售额达到19.5亿美金,同比上升12.6%,主要得益于所有板块销量的增长。营业利润激增63.3%,达33600万美金,而净利润则翻了一番,超过17810万美金。毛利率从去年同期的34.3%扩大至38%。美洲板块增长领先,销售额增长16.9%,达到11.2亿美金,营业利润增加48.7%,达到28510万美金,主要受益于对联合定位和超大规模市场的强劲需求。欧洲、中东和非洲的销售额增长11.5%,达到42260万美金,亚太地区尽管面临货币压力,销售额仍增长3.4%,达到40910万美金。公司保持强劲流动性,拥有57970万美金的现金和58500万美金的信贷额度。在第二季度,Vertiv将其定期贷款利率差降低了0.50%,并将其循环信贷额度延长至2029年。公司继续投资于产能扩张和新技术,以支持日益增长的人工智能基础设施需求,同时执行其30亿美金的股份回购计划。
Vertiv Holdings公布了强劲的2024年第二季度财务业绩,净销售额达到19.5亿美金,同比上升12.6%,主要得益于所有板块销量的增长。营业利润激增63.3%,达33600万美金,而净利润则翻了一番,超过17810万美金。毛利率从去年同期的34.3%扩大至38%。美洲板块增长领先,销售额增长16.9%,达到11.2亿美金,营业利润增加48.7%,达到28510万美金,主要受益于对联合定位和超大规模市场的强劲需求。欧洲、中东和非洲的销售额增长11.5%,达到42260万美金,亚太地区尽管面临货币压力,销售额仍增长3.4%,达到40910万美金。公司保持强劲流动性,拥有57970万美金的现金和58500万美金的信贷额度。在第二季度,Vertiv将其定期贷款利率差降低了0.50%,并将其循环信贷额度延长至2029年。公司继续投资于产能扩张和新技术,以支持日益增长的人工智能基础设施需求,同时执行其30亿美金的股份回购计划。
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