Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...

Vertiv Holdings Co. (VRT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +14.5% over the past month versus the Zacks S&P 500 composite's -2% change. The Zacks Computers - IT Services industry, to which Vertiv belongs, has lost 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __to__ Commission File No. 001-38518 Vertiv Holdings Co (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or ...

Financial Data and Key Metrics Changes - Q1 2024 sales increased by 8%, with adjusted operating profit reaching $249 million, a $73 million increase year-on-year, and adjusted operating margin improved by 370 basis points to 15.2% [11][13][34] - Adjusted free cash flow was $101 million, an improvement of $76 million from Q1 last year, and adjusted diluted EPS was $0.43, up $0.19 year-on-year [14][35] - Net leverage increased slightly to 2.2x due to share repurchases, but is expected to return to the targeted range of 1x to 2x by the end of 2024 [15][36] Business Line Data and Key Metrics Changes - Americas sales grew by 7%, driven by hyperscale and colocation, while APAC sales increased by 9%, with strong demand in India and low single-digit growth in China [37][38] - EMEA sales grew by 10%, with significant contributions from switchgear and bus bar products, and adjusted operating margin in EMEA expanded by 510 basis points to 18.4% [39] Market Data and Key Metrics Changes - The data center market is experiencing strong demand, particularly in North America, with a book-to-bill ratio of 1.5x indicating robust order growth [12][22] - The company anticipates continued strong order growth, although the 60% year-on-year order growth seen in Q1 is not expected to be the new norm [21][22] Company Strategy and Development Direction - The company aims to build a high-performance culture and differentiate itself through technology shifts in the data center industry, focusing on operational excellence and customer service [8][9] - Investments in capacity expansion are planned, with a CapEx estimate of $200 million for 2024 to support future growth [23][51] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the data center market and the company's positioning, particularly regarding AI-related orders and liquid cooling technology [17][25] - The company raised its full-year guidance for organic growth to approximately 12% and adjusted operating margins to 17.7% [48][49] Other Important Information - The company has a strong focus on thermal management and power solutions, with a complete offering to serve the data center market [28][29] - Supply chain resilience is being enhanced to support the deployment of liquid cooling technology [26] Q&A Session Summary Question: What's going on by region, particularly in China and India? - Management noted low single-digit growth in China and strong demand in India, indicating that India is becoming significant for APAC growth [56] Question: Can you discuss the incremental margins and their sustainability? - Management indicated that while incremental margins are expected to be in the high 30% range for 2024, sustaining this level may become more challenging in subsequent years [59][60] Question: How is the backlog aging and what is the outlook for on-prem versus hyperscale? - Management stated that the backlog has longer lead times, with a focus on hyperscale and colocation, while on-prem growth is still being monitored [142] Question: What is the relationship with NVIDIA and how is the company preparing for new technologies? - The relationship with NVIDIA involves engineering collaboration and certification of liquid cooling products, with preparations underway for higher power consumption technologies [139] Question: How is the company managing pricing and cost dynamics? - Management emphasized strengthened pricing strategies and the ability to react to material cost dynamics, maintaining a positive price/cost outlook [75][81]

The company's business is caught up in the AI wave.The rise of artificial intelligence (AI) is creating massive demand for new data centers, and with it demand for the companies serving the data centers.Vertiv (VRT 3.74%), one such company, easily beat quarterly expectations and its stock is up 10% as of noon ET as a result.Strong results, stronger ordersVertiv makes power management and cooling systems for data centers and communications hubs. Heat is a massive issue inside data centers and inadequate cool ...

Vertiv (NYSE:VRT) stock is in the rise today as investors celebrate the artificial intelligence (AI) boom helping out the data center cooling company’s business.The increase in demand for its data center cooling products resulted in a 60% increase year-over-year in orders during the company’s first quarter of 2024. That resulted in net sales climbing 8% higher to $1.64 billion. This beats out Wall Street’s estimate of $1.62 billion.Giordano Albertazzi, CEO of Vertiv, provided the following insight on the co ...

Vertiv Holdings Co. (VRT) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.22%. A quarter ago, it was expected that this company would post earnings of $0.54 per share when it actually produced earnings of $0.56, delivering a surprise of 3.70%.Over the last four quarters, the compan ...

Vertiv Reports 60% Organic Orders Growth, 8% Net Sales Growth in First Quarter; Updates Full Year 2024 Outlook COLUMBUS, Ohio April 24, 2024 – Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its first quarter ended March 31, 2024. Vertiv reported first quarter 2024 net sales of $1,639 million, an increase of $118 million, or 8%, compared to last year's first quarter. The book-to-bill ratio was 1.5x in the fir ...

Demand for data center services are on the rise as businesses scramble around artificial intelligence (AI).One of the hottest themes pushing the S&P 500 and Nasdaq Composite to new heights is artificial intelligence (AI). Applications from ChatGPT and competing platforms have taken the world by storm, and the momentum doesn't appear to be slowing down.Like all emerging growth trends, there are loads of opportunities to invest in artificial intelligence (AI). One of the bigger areas in the AI realm is data c ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth S ...