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Vertiv Holdings | 10-Q: Q3 2024 Earnings Report

Vertiv Holdings | 10-Q: Q3 2024 Earnings Report

Vertiv Holdings | 10-Q:2024财年三季报
美股SEC公告 ·  2024/10/25 18:08

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Vertiv Holdings reported robust Q3 2024 financial results with net sales reaching $2.07 billion, a 19% increase from $1.74 billion in Q3 2023. Operating profit surged 48.1% to $371.6 million, while net income rose 87.7% to $176.6 million. Gross margin improved to 36.5% from 36.0% year-over-year, driven by higher volumes, pricing actions, and improved manufacturing productivity.The Americas segment led growth with sales up 19.5% to $1.2 billion and operating profit increasing 46.9%. Europe, Middle East & Africa delivered strong performance with 26.1% sales growth to $442.5 million, while Asia Pacific revenue rose 11.3% to $432.4 million. The company maintained strong liquidity with $908.7 million in cash and $584.2 million available under its credit facility.Management continued executing strategic initiatives, including capacity expansion and thermal management portfolio development. The company invested in new manufacturing facilities in Pune, India and Pelzer, South Carolina to support growing demand, particularly in AI infrastructure. Vertiv also implemented cost optimization measures and improved operational efficiency across regions.
Vertiv Holdings reported robust Q3 2024 financial results with net sales reaching $2.07 billion, a 19% increase from $1.74 billion in Q3 2023. Operating profit surged 48.1% to $371.6 million, while net income rose 87.7% to $176.6 million. Gross margin improved to 36.5% from 36.0% year-over-year, driven by higher volumes, pricing actions, and improved manufacturing productivity.The Americas segment led growth with sales up 19.5% to $1.2 billion and operating profit increasing 46.9%. Europe, Middle East & Africa delivered strong performance with 26.1% sales growth to $442.5 million, while Asia Pacific revenue rose 11.3% to $432.4 million. The company maintained strong liquidity with $908.7 million in cash and $584.2 million available under its credit facility.Management continued executing strategic initiatives, including capacity expansion and thermal management portfolio development. The company invested in new manufacturing facilities in Pune, India and Pelzer, South Carolina to support growing demand, particularly in AI infrastructure. Vertiv also implemented cost optimization measures and improved operational efficiency across regions.
Vertiv Holdings报告了2024年第三季度强劲的财务业绩,净销售额达到20.7亿元,比2023年第三季度的17.4亿元增长了19%。营业利润激增48.1%,达到37160万元,净利润上升87.7%,达到17660万元。毛利率从去年同期的36.0%提高到36.5%,这一切得益于更高的销售量、定价措施和改善的制造生产率。美洲部门以195%的增长领先,销售额达到12亿元,营业利润增长46.9%。欧洲、中东和非洲表现强劲,实现销售增长26.1%,达到44250万元,而亚太地区的营业收入增长11.3%,达到43240万元。公司保持强大的流动性,现金达到90870万元,信贷额度可用58420万元。管理层继续执行战略举措,包括产能扩张和热管理产品组合开发。公司在印度浦那和南卡罗来纳州佩尔泽投资新制造设施,以支持不断增长的需求,特别是在人工智能基础设施方面。Vertiv还实施了成本优化措施,并提高了各地区的运营效率。
Vertiv Holdings报告了2024年第三季度强劲的财务业绩,净销售额达到20.7亿元,比2023年第三季度的17.4亿元增长了19%。营业利润激增48.1%,达到37160万元,净利润上升87.7%,达到17660万元。毛利率从去年同期的36.0%提高到36.5%,这一切得益于更高的销售量、定价措施和改善的制造生产率。美洲部门以195%的增长领先,销售额达到12亿元,营业利润增长46.9%。欧洲、中东和非洲表现强劲,实现销售增长26.1%,达到44250万元,而亚太地区的营业收入增长11.3%,达到43240万元。公司保持强大的流动性,现金达到90870万元,信贷额度可用58420万元。管理层继续执行战略举措,包括产能扩张和热管理产品组合开发。公司在印度浦那和南卡罗来纳州佩尔泽投资新制造设施,以支持不断增长的需求,特别是在人工智能基础设施方面。Vertiv还实施了成本优化措施,并提高了各地区的运营效率。
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