- Vertiv (VRT, Financial) reported a 24% year-over-year increase in Q1 2025 net sales to $2.036 billion.
- The company witnessed a robust growth in trailing twelve-month orders by approximately 20%, and a 13% increase in Q1 orders relative to Q1 2024.
- Vertiv raised its full-year 2025 net sales guidance by $250 million at the midpoint.
Vertiv Holdings Co (VRT) has announced its financial results for the first quarter of 2025, highlighting a significant growth trajectory. The company achieved net sales of $2.036 billion, marking a 24% increase compared to the same period in the previous year. This growth was driven by a substantial increase in orders, with the trailing twelve-month orders up by about 20% and Q1 orders growing by 13% compared to the first quarter of 2024.
The company's profitability also showed noteworthy improvement, with an operating profit of $291 million, reflecting a 43% ascent year-over-year. The adjusted operating profit reached $337 million, a 35% rise from the previous year. Additionally, diluted earnings per share (EPS) saw a substantial increase to $0.42, while adjusted diluted EPS soared by 49% to $0.64 from Q1 2024.
Vertiv's book-to-bill ratio was approximately 1.4x during the first quarter, with the backlog expanding to $7.9 billion, exhibiting a 10% growth from the end of 2024 and a 25% increase from the first quarter of 2024. This results in a reinforced confidence in the company's future financial performance.
In light of these results, Vertiv has adjusted its full-year 2025 net sales guidance, raising it by $250 million at the midpoint. The company projects net sales in the range of $9.325 to $9.575 billion, indicating strong organic growth of 16.5% to 19.5%. Vertiv remains optimistic about its position in the market, particularly in AI infrastructure, and continues to invest in engineering resources and manufacturing capacities to support its ongoing expansion.
Furthermore, Vertiv maintains a strong liquidity position with $2.3 billion and a net leverage ratio of approximately 0.8x. The company has also received an investment-grade BBB- rating from Fitch, underscoring its financial health and resilience.
