Vertiv Holdings (VRT)

Yesterday (11/18), we attended the SC25 conference in St. Louis, MO where we toured Vertiv Holdings’ (VRT; $164.86; E/W) trade show booth that included some remarks from CEO Giordano Albertazzi. We also sat in on…

This morning, Vertiv Holdings (VRT; $191.35; E/W) announced it signed an agreement to acquire PurgeRite Intermediate from Milton Street Capital for ~$1B in cash. PurgeRite is a provider of mechanical flushing, purging and filtration services…

We are raising estimates for Vertiv Holdings (VRT; $182.24; E/W), including our 2025E EPS from $3.80 to $4.10 (+44% YoY) after the company produced a healthy Q3 “across the board” beat, from sales, to more notably,…

Vertiv Holdings (VRT; $174.80; E/W) reported Q3 non-GAAP EPS of $1.24, which handily beat our $0.97 and the Street’s $0.98 on sales and margin upside. Sales were $2,676mm, which beat our $2,575mm and the Street’s…

We expect another quarter of healthy top-line growth from Vertiv Holdings (VRT; $177.40; E/W) when it reports Q3 results and outlook next Wednesday (10/22 before market) based on some recent data center spending data points…

This morning, Vertiv Holdings (VRT; $128.75; E/W) announced it acquired privately held Waylay NV, which is an enterprise automation software platform developer, for an undisclosed amount, although, we think it highly unlikely that the transaction…

We are raising our 2025/2026E EPS for Vertiv Holdings (VRT; $148.11; E/W) from $3.50/$4.20 to $3.80/$4.50 after the company delivered a healthy Q2 EPS beat with guidance that generally lived up to Street modeling, reflecting…

Vertiv Holdings (VRT; $142.70; E/W) reported Q2 non-GAAP EPS of $0.95, which handily beat our $0.81 and the Street’s $0.83 on much better-than-expected sales ($2,638mm vs. our $2,350mm and the Street’s $2,354mm). Recall, VRT’s Q2…

We think the Q2 print and guidance from Vertiv Holdings (VRT; $124.45; E/W), scheduled for Wednesday, July 30th (before market), should more than live up to Street expectations in terms of sales and EPS given…

This morning, Vertiv Holdings (VRT; $131.12; E/W) announced that it signed a definitive agreement to acquire for $200mm the privately held Great Lakes Data Racks & Cabinets family of companies, which designs and manufactures data…

We adjust our 2025/2026E EPS for Vertiv Holdings (VRT; $83.88; E/W) from $3.55/$4.25 to $3.50/$4.20 after the company produced a solid Q1 EPS beat ($0.64 vs. our $0.60 and consensus of $0.61) and updated full…

Vertiv Holdings (VRT; $71.82; E/W) reported Q1 non-GAAP EPS of $0.64, which was ahead of our $0.60 and the Street’s $0.61 on sales of $2,036mm (vs. our $1,925mm and the Street’s $1,936mm). Recall, VRT’s Q1…

We adjust 2025/2026E EPS for Vertiv Holdings (VRT; $109.09; E/W) from $3.50/$4.30 to $3.55/$4.25 after the company produced a healthy Q4 beat and updated its full 2025E outlook for some additional currency headwinds and other…

Vertiv Holdings (VRT; $123.25; E/W) reported Q4 non-GAAP EPS of $0.99, which beat our $0.81 and the Street’s $0.82 on sales of $2,346mm (vs. our $2,147mm and the Street’s $2,155mm). Recall, VRT’s Q4 outlook called…

We formally initiate coverage on Vertiv Holdings (VRT; $125.67) with an Equal-Weight rating. We see VRT continuing to be well positioned to capitalize on the rising power and thermal management complexities of next gen data…