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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財年二季報
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報告了2024年第二季度強勁的財務業績,淨銷售額達到19.5億元,同比上漲12.6%,主要受益於所有板塊銷售量的增加。營業利潤激增63.3%,達到33600萬元,而凈利潤翻了一番,達到了17810萬元。毛利率從上一年同季度的34.3%擴大至38%。美洲板塊主導了增長,銷售額上漲16.9%,達到11.2億元,營業利潤增長48.7%,達到28510萬元,主要受益於市場對共置和超大規模需求的強勁增長。歐洲、中東和非洲銷售額增長11.5%,達到42260萬元,而亞太地區儘管受到貨幣阻力,仍有3.4%的增長,達到40910萬元。公司保持強勁的流動性,現金爲57970萬元,信用獲取額度爲58500萬元。在第二季度,Vertiv將其定期貸款利率折扣降低了0.50%,並將其循環信用額度延長至2029年。公司繼續投資於產能擴張和新技術,以支持日益增長的人工智能基礎設施需求,同時執行其30億的股份回購計劃。
Vertiv Holdings報告了2024年第二季度強勁的財務業績,淨銷售額達到19.5億元,同比上漲12.6%,主要受益於所有板塊銷售量的增加。營業利潤激增63.3%,達到33600萬元,而凈利潤翻了一番,達到了17810萬元。毛利率從上一年同季度的34.3%擴大至38%。美洲板塊主導了增長,銷售額上漲16.9%,達到11.2億元,營業利潤增長48.7%,達到28510萬元,主要受益於市場對共置和超大規模需求的強勁增長。歐洲、中東和非洲銷售額增長11.5%,達到42260萬元,而亞太地區儘管受到貨幣阻力,仍有3.4%的增長,達到40910萬元。公司保持強勁的流動性,現金爲57970萬元,信用獲取額度爲58500萬元。在第二季度,Vertiv將其定期貸款利率折扣降低了0.50%,並將其循環信用額度延長至2029年。公司繼續投資於產能擴張和新技術,以支持日益增長的人工智能基礎設施需求,同時執行其30億的股份回購計劃。
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