Welcome to our dedicated page for Vertiv Holdings Co news (Ticker: VRT), a resource for investors and traders seeking the latest updates and insights on Vertiv Holdings Co stock.
Vertiv Holdings Co (VRT) delivers essential infrastructure solutions for data centers and communication networks worldwide. This news hub provides investors and industry professionals with authoritative updates about the company's operational developments and market position.
Access curated press releases and analysis covering Vertiv's power systems innovations, cooling technology advancements, and strategic partnerships. Our repository includes verified information on financial results, product launches, and leadership changes, helping stakeholders track the company's impact on digital infrastructure evolution.
Key updates feature earnings disclosures, IT infrastructure deployments, and sustainability initiatives. The collection serves as a strategic resource for understanding Vertiv's role in enabling continuous operations for cloud services, edge computing networks, and mission-critical facilities.
Bookmark this page for streamlined access to Vertiv's official communications and third-party analysis. Regular updates ensure you maintain current awareness of the company's contributions to reliable power distribution and thermal management solutions across global markets.
Verra Mobility (NASDAQ: VRRM) announced the appointment of Steven C. Lalla as Executive Vice President of Commercial Services, effective immediately. Lalla brings extensive experience from his previous role as EVP at Vertiv and positions at Dell and Motorola. His leadership is expected to enhance Verra Mobility's capabilities in providing outsourced tolling, violations management, and registration services for commercial fleets. CEO David Roberts expressed confidence in Lalla's ability to drive innovation and strengthen customer solutions.
Vertiv Holdings Co (NYSE: VRT) announced the appointment of Stephen Liang as the new Chief Technology Officer (CTO), aimed at enhancing innovation and aligning technology strategies with market needs. Liang, who joined Vertiv in 1994, will lead a planned increase in R&D to support long-term growth. Additionally, Robert Zhu and Anand Sanghi have been appointed as regional presidents, focusing on customer intimacy and growth in North Asia and Australia, respectively. These moves are part of a broader strategy to strengthen leadership and drive performance.
Vertiv Holdings Co (NYSE: VRT) will report its Q4 and full year 2020 financial results on February 24, 2021, before market open. The management team will host a conference call at 11 a.m. ET to discuss the results. Investors can access a live webcast of the call on Vertiv’s investor relations website, with a replay available for 30 days post-event.
Vertiv offers critical digital infrastructure solutions, focusing on power, cooling, and IT services, and operates in over 130 countries.
Vertiv (NYSE: VRT) has appointed Erin Dowd as the new Chief Human Resources Officer, effective immediately. Dowd, who has been serving as the interim CHRO since December, will report to CEO Rob Johnson and oversee the execution of human resources strategies in alignment with the company’s objectives, including a global hiring initiative for Research and Development Engineers. With extensive HR experience in both military and corporate sectors, Dowd aims to enhance employee performance and engagement within Vertiv’s workforce.
Vertiv Holdings Co (NYSE: VRT) has appointed Stephanie Gill as the new Chief Legal Counsel and Corporate Secretary, effective January 4, 2021. Reporting to CEO Rob Johnson, she will lead the company's legal strategies and compliance functions. Gill brings extensive experience in corporate governance, securities law, and M&A, having previously served as General Counsel at a publicly traded company. Her expertise aims to enhance Vertiv's growth in the public sector and manage legal risks effectively.
Vertiv Holdings Co (NYSE: VRT) has announced the pricing of an underwritten secondary public offering of 18 million shares of its Class A common stock by VPE Holdings, LLC. The offering is expected to settle around November 17, 2020, and Vertiv will not receive any proceeds. Post-offering, the Selling Stockholder will maintain a 24% economic interest in Vertiv, holding at least 77 million shares. J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are serving as joint book-running managers of the offering.
Vertiv Holdings Co (NYSE: VRT) has announced an underwritten secondary public offering of up to 18 million shares of Class A common stock by VPE Holdings, LLC. Post-offering, VPE will remain Vertiv's largest stockholder with at least 77 million shares owned, constituting around 24% of Vertiv. Importantly, Vertiv is not selling any shares and will not gain any proceeds from this offering. J.P. Morgan and Goldman Sachs are the underwriters. The registration statement for the offering is pending effectiveness with the SEC.
Vertiv Holdings Co (NYSE: VRT) reported strong third-quarter results for 2020, achieving net sales of $1,162 million, an 8.5% increase year-over-year. The growth was fueled by a solid performance in the cloud and colocation markets, especially in the EMEA and APAC regions. The backlog reached a record $1.85 billion. Adjusted EBITDA improved by 31% to $179 million. However, the company reported a net loss of $2 million, largely due to restructuring costs and foreign currency losses. Fourth-quarter guidance projects net sales between $1,240 million and $1,265 million, with continued optimism for customer demand.
Vertiv (NYSE: VRT) has declared its first-ever annual cash dividend of $0.01 per share of Class A common stock. The dividend is set to be paid on December 17, 2020, to shareholders of record as of December 2, 2020. This announcement marks a significant milestone for the company, indicating its commitment to returning value to shareholders while highlighting its strategic growth in the critical digital infrastructure sector.
Vertiv Holdings Co (NYSE: VRT) will announce its third quarter 2020 results before market open on November 4, 2020. A conference call to discuss these results will take place at 11 a.m. ET on the same day. Investors can listen to a live webcast of the call in the Investor Relations section of Vertiv's website. A replay will be accessible for 30 days post-event. Vertiv specializes in critical digital infrastructure solutions, focusing on power, cooling, and IT infrastructure services for data centers and communication networks, employing about 20,000 people globally.
