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 Class A Common Stock (symbol: VRT) is a leading provider in the field of critical digital infrastructure and continuity solutions. The company expertly integrates hardware, software, analytics, and ongoing services to ensure the seamless operation of essential applications for data centers, communication networks, and commercial and industrial facilities.
Vertiv’s comprehensive portfolio includes power, cooling, and IT infrastructure solutions, providing services that span from the cloud to the network edge. Their offerings are critical to sustaining the performance and growth of their customers' businesses, ensuring that vital applications run without interruption and perform at their best.
The company operates through three primary business segments: Americas, Asia Pacific, and Europe, Middle East & Africa. Vertiv’s diverse range of solutions includes critical power management, advanced thermal management, racks and enclosures, as well as robust monitoring and management systems.
Vertiv has made significant strides in recent years, achieving notable advancements in both technological innovation and market expansion. They have forged strategic partnerships and undertaken projects that fortify their position as an industry leader. These efforts underscore their commitment to solving the complex challenges faced by today’s data-driven, interconnected world.
For further information, visit Vertiv Holdings Co.
Vertiv Holdings Co (NYSE: VRT) announced a secondary offering of 20 million shares of its Class A common stock, priced as part of a registration statement with the SEC. The offering is led by VPE Holdings, LLC, an affiliate of Platinum Equity, LLC. An additional 3 million shares may be purchased by underwriters within 30 days. The offering's closing is expected around November 4, 2021. Post-offering, Platinum will remain Vertiv's largest shareholder with approximately 9.8% ownership. Notably, Vertiv will not sell any shares or receive proceeds from this offering.
Vertiv Holdings Co (NYSE: VRT) has announced a secondary offering of up to 20 million shares of its Class A common stock by VPE Holdings, LLC, an affiliate of Platinum Equity, LLC. The offering is expected to close around November 4, 2021, subject to customary conditions. Post-offering, Platinum will maintain a 9.8% stake in Vertiv with 36,880,215 shares. Vertiv will not sell any shares or receive proceeds from this offering, which is managed by J.P. Morgan, Goldman Sachs, and Citigroup.
Vertiv Holdings Co (NYSE: VRT) has successfully completed its acquisition of E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC. This strategic acquisition strengthens Vertiv’s portfolio of in-building power train offerings, targeting data centers and key commercial markets. Vertiv’s CEO highlighted the talent and capabilities of the E&I team, emphasizing the potential for value creation for customers and shareholders. The acquisition is expected to enhance Vertiv’s global reach and service capabilities in the critical digital infrastructure sector.
Vertiv Holdings Co (NYSE: VRT) reported strong Q3 2021 results, with net sales of $1,229 million, up 5.8% year-over-year. The company achieved a record backlog of $2.4 billion, a 34% increase from 2020. Adjusted operating profit reached $131 million, with a margin of 10.7%. Diluted EPS rose to $0.15, up from $0.47. Operating cash flow year-to-date was $175 million, reflecting a $160 million increase. The E+I acquisition is expected to close by November 1, 2021, while the divestiture of the heavy industrial UPS business is anticipated by Q4 2021. Despite supply chain challenges, demand remains robust.
Vertiv Holdings Co (NYSE: VRT) announced the successful completion of an offering of $850 million in 4.125% Senior Secured Notes due 2028. The proceeds will fund the cash portion of its pending acquisition of E&I Engineering Ireland Limited and its affiliate Powerbar Gulf LLC, along with related fees and expenses. The Notes will not be registered under the Securities Act, limiting their sale within the United States. This move aims to enhance Vertiv's capabilities in the critical digital infrastructure sector.
Vertiv Holdings Co (NYSE: VRT) has priced an offering of $850 million in Senior Secured Notes due 2028 at a 4.125% interest rate. The net proceeds will finance the acquisition of E&I Engineering Ireland Limited and Powerbar Gulf LLC and cover related fees. The offering is expected to close on October 22, 2021. The Notes will not be registered under the Securities Act and will be sold to qualified institutional buyers and certain offshore investors.
Vertiv Holdings Co (NYSE: VRT) announced a private placement offering of $850 million in Senior Secured Notes due 2028. Proceeds will finance the upcoming acquisition of E&I Engineering Ireland Limited and Powerbar Gulf LLC, alongside covering related fees. The Notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers. They will be secured by liens on certain assets of the Issuer and its subsidiaries. Vertiv continues to expand its critical digital infrastructure solutions globally, with a workforce of approximately 20,000 across over 130 countries.
Vertiv Holdings Co (NYSE: VRT) is set to report its third quarter results on October 27, 2021, before market open. The management team will conduct a conference call at 11 a.m. Eastern Time to discuss these results. Investors can access the live webcast through the Investor Relations section of Vertiv's website and a replay will be available for 30 days post-call. Vertiv provides essential digital infrastructure and continuity solutions, helping customers optimize their vital applications across data centers and networks globally.
Vertiv has announced a definitive agreement to acquire E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC, for approximately $1.8 billion, with a potential additional $200 million based on 2022 profit milestones. This strategic acquisition aims to enhance Vertiv's data center offerings, expanding its addressable market by $7 billion. Despite robust order growth and a record backlog, supply chain disruptions have led to revised financial guidance. The transaction is expected to close in Q4 2021 and is anticipated to be accretive to Vertiv's growth and profitability.
Vertiv Holdings Co (NYSE: VRT) reported strong Q2 2021 results, with net sales reaching $1,260 million, a 25.3% increase year-over-year. EMEA sales surged 50.1%, APAC rose 23.3%, and Americas grew 16.5%. Orders grew 24.4%, pushing backlog to a record $2.3 billion. Adjusted operating profit was $134 million, up $31 million, while diluted EPS increased to $0.03. The company raised its full-year sales guidance to 14% growth at midpoint, despite facing material inflation and supply chain challenges.
FAQ
What is the current stock price of Vertiv Holdings Co (VRT)?
What is the market cap of Vertiv Holdings Co (VRT)?
What does Vertiv Holdings Co specialize in?
What are the main segments of Vertiv Holdings Co's business?
What types of products and services does Vertiv offer?
How does Vertiv help its customers?
Where can I find more information about Vertiv Holdings Co?
Has Vertiv Holdings Co formed any strategic partnerships?
What industries does Vertiv serve?
What is the ticker symbol for Vertiv Holdings Co on the stock market?
What recent achievements has Vertiv made?
What is included in Vertiv's IT infrastructure solutions?
