Vertiv Holdings Co - VRT STOCK NEWS

Vertiv Holdings Co (NYSE: VRT) reported strong financial results for Q2 2024, with 57% organic orders growth and 13% net sales growth to $1,953 million. The company saw a 63% increase in operating profit to $336 million and a 52% rise in adjusted operating profit to $382 million. Adjusted operating margin expanded by 510 basis points to 19.6%.

Vertiv raised its full-year 2024 guidance, projecting net sales of $7,665 million at the midpoint, a $50 million increase from previous estimates. The company also increased its adjusted free cash flow guidance to $875 million at the midpoint. These improvements are attributed to increased AI deployment scaling and Vertiv's strong market position in critical digital infrastructure solutions.

Vertiv (NYSE: VRT) and ZincFive have announced a collaboration to offer nickel-zinc (NiZn) battery energy storage for data center UPS in North America and EMEA. Vertiv will add ZincFive's BC Series UPS Battery Cabinets to its portfolio, compatible with select large and medium Vertiv UPS systems. The NiZn batteries offer safety, reliability, and environmental benefits, including a smaller footprint compared to VRLA and Lithium-Ion batteries, minimal maintenance requirements, and lower end-to-end environmental impact.

This collaboration aligns with Vertiv's commitment to help customers reduce their data center environmental footprint. The BC Series is the first NiZn battery solution compatible with megawatt class UPS and has already been deployed at several major data center sites. It also addresses challenges related to fire protection standards and codes.

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, announced that it will report its second quarter 2024 results on Wednesday, July 24, 2024, before market open. The press release will include a link to presentation materials available on Vertiv’s website.

A conference call to discuss the results will take place on the same day at 11 a.m. Eastern Time, accessible via webcast through Vertiv's Investor Relations section. A replay of the conference call will be available for 30 days.

Vertiv (NYSE: VRT), a leader in digital infrastructure solutions, is hosting its exclusive Technology Fair in Columbus, Ohio. The event is focused on next-gen data centers and AI's impact on infrastructure. Over 400 engineers will collaborate during keynotes, panels, and interactive sessions, featuring Vertiv's CEO Giordano Albertazzi and other industry leaders.

The three-day event aims to foster creativity, identify industry trends, and advance technological innovations, particularly in AI. Engineers will engage with advanced technology partners and explore Vertiv’s AI imperatives: being transformative, first, efficient, confident, and future-ready.

Special guests include Christian Belady, Julie Albright, and Wade Vinson. Highlights include Vertiv's innovative cooling system developed with NVIDIA for the DOE’s ARPA-E COOLERCHIPS program and the company's recent membership in the Liquid Cooling Coalition.

The event underscores Vertiv's commitment to continuous innovation and collaboration, driving advancements in reliable and energy-efficient infrastructure.

Ballard Power Systems (NASDAQ: BLDP) and Vertiv (NYSE: VRT) announced a strategic partnership focused on hydrogen-powered fuel cell backup solutions for data centers. This partnership aims to address the rising power demands and carbon footprint concerns of the data center industry. A proof of concept demonstrated the integration of Ballard's fuel cell modules with Vertiv's Liebert EXL S1 UPS. The system showcased successful zero GHG emissions and scalability from 200kW to several MWs. The partnership also aligns with Vertiv's sustainability strategy and will focus on markets in North America, Europe, and selected other regions.

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure solutions, has successfully completed the repricing of its subsidiary's $2.1 billion Term Loan. This repricing reduces the interest rate by approximately 61 basis points to Term SOFR + 200 basis points.

This financial adjustment is projected to result in annual interest savings of about $13 million.

Vertiv, a global provider of critical digital infrastructure and continuity solutions, announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of its Class A common stock.

The dividend will be payable on June 26, 2024, to shareholders of record as of June 17, 2024.

Vertiv (NYSE: VRT) released its 2023 Responsible Business Report, detailing its progress in environmental impact and governance. Key efforts include the expanded use of high-efficiency liquid cooling solutions and low-global warming potential refrigerants, the acquisition of CoolTera, and the introduction of a new battery energy storage system. Vertiv also unveiled a microgrid solution at its Delaware, Ohio facility, leveraging solar arrays and hydrogen fuel cells. The company introduced the TimberMod™ data center solution to reduce carbon footprint and provided an updated Guide to Data Center Sustainability. Operational efficiency improvements include a water reclamation system in Monterrey, Mexico, and a commitment to supply chain integrity.

Vertiv (NYSE: VRT), a leader in critical digital infrastructure, will showcase its latest innovations at Datacloud Global Congress (June 4-6, 2024, Cannes, France). CEO Giordano Albertazzi will join a keynote panel discussing AI and HPC trends. Vertiv's Tassos Peppas and Ian Paul, along with Gulf Data Hub, will present on energy-efficient data center builds. Andrea Ferro and Victor Elm will discuss leveraging Vertiv's uninterruptible power supply systems with Conapto. Vertiv is shortlisted in three categories at the Datacloud Global Awards. Attendees can explore Vertiv's XR app, Virtual Showroom, and new AI Hub, offering resources for AI infrastructure deployment.