
Vertiv Holdings Co. (VRT) on Wednesday announced strong results for the third quarter (Q3) and raised the outlook for 2025, with a surge in orders and revenue reflecting strong demand for its critical digital infrastructure solutions.
The company cited momentum across global markets, driven especially by AI-related growth and customer investment in advanced data center capabilities.
Vertiv reported $2.68 billion in net sales for Q3, representing a 29% increase year-on-year (YoY). Organic orders climbed approximately 60% YoY. These gains pushed the company's backlog to $9.5 billion, supported by a strong book-to-bill ratio of 1.4x. Adjusted earnings per share (EPS) for the quarter were $1.24.
Both revenue and adjusted EPS exceeded the analysts’ consensus estimate of $2.58 billion and $0.99, respectively, according to Fiscal AI data.
Vertiv Holdings’ stock traded over 8% higher in Wednesday’s premarket. On Stocktwits, retail sentiment around the stock jumped to ‘extremely bullish’ from ‘neutral’ territory the previous day. Message volume improved to ‘high’ from ‘normal’ levels in 24 hours.
Vertiv raised its full-year guidance following the strong Q3 performance. Adjusted EPS is now expected to fall between $4.07 and $4.13, while net sales is forecast between $10.160 billion and $10.240 billion.
Get updates to this developing story directly on Stocktwits.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.