|Bid||22.23 x 1200|
|Ask||22.23 x 1000|
|Day's Range||22.20 - 22.64|
|52 Week Range||10.75 - 23.48|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.01 (0.04%)|
|Ex-Dividend Date||Dec 01, 2020|
|1y Target Est||N/A|
Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today reported first quarter 2021 net sales of $1,098 million, an increase of $201 million, or 22.4%, compared with last year’s first quarter, and up 19.5% excluding the impact of foreign currency. Increased net sales were fueled by continued strengthening of the company’s global position in the growing cloud and colocation data center market segments. APAC regional net sales were up 59.6% (53.6% organic) favorably impacted by recovery from COVID-19 pressures compared to the prior year quarter, and lifted by continued growth in data center and telecommunication infrastructure projects. EMEA regional net sales increased 15.9% (8.8% organic) with strength in colocation markets. The Americas regional net sales increased 7.5% (7.9% organic) driven by strength in hyperscale data center demand for critical infrastructure and solutions. Orders in the first quarter were up 21% compared with last year’s first quarter, lifted by continued growth in cloud and colocation markets. Vertiv’s backlog continued to strengthen, reaching a record $2.1 billion at the end of March, increasing approximately $300 million from the end of December 2020 and $500 million from the prior year quarter.
Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its first quarter 2021 results before market open on Wednesday, April 28, 2021. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.
Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the repricing of Vertiv Group Corporation’s, a subsidiary of Vertiv Holdings Co, existing seven-year $2.2 billion Term Loan. The repricing reduces the interest on the Term Loan by 25 basis points to LIBOR + 275 basis points, resulting in interest savings of approximately $5.5 million per year.