Vertiv Holdings Co VRT · Stock Open Vertiv Holdings Co in new tab

Vertiv shares rose 16.5% after the company reported 61% year-over-year sales growth, expanded adjusted operating margin, and raised full-year guidance across key metrics. Q3 organic orders more than doubled year over year, while management cited supply, permitting, and labor availability as pacing items—not current constraints on growth.

• Net sales increased 61% year over year to a quarter total not specified in the transcript; organic sales grew approximately 55%, with acquisitions contributing another 6%.
• Adjusted operating margin reached 25.2%, up 290 basis points year over year; adjusted operating profit rose 83% to more than $1 billion.
• Adjusted diluted EPS was $2.21, up 78%; adjusted free cash flow rose 50% to $652 million.
• Full-year sales guidance was raised to $14.7 billion, with adjusted diluted EPS at $7.15 and adjusted operating profit above $3.5 billion. Adjusted free cash flow guidance increased to $2.7 billion.
• Q3 organic orders were up more than 100% year over year. Management flagged power availability, permitting, and skilled construction labor as pacing items, and said it would no longer share orders data going forward.