Vertiv Holdings Surges on Strong Q1 Earnings, Raises Guidance and Draws Analyst Upgrades

Vertiv Holdings Co reported strong first quarter 2025 financial results, with net sales reaching $2,036 million, an increase of $397 million or 24% compared to the first quarter of 2024.

The company’s organic net sales grew by 25% year-over-year, reflecting robust demand in its core markets for critical digital infrastructure and continuity solutions.

Vertiv reported first quarter diluted earnings per share (EPS) of $0.42 and adjusted diluted EPS of $0.64, representing a 49% increase from the prior year period.

Operating profit for the quarter was $291 million, up $88 million or 43% from first quarter 2024, while adjusted operating profit reached $337 million, an increase of $88 million or 35% year-over-year.

The company’s book-to-bill ratio for the first quarter was approximately 1.4x, indicating strong order momentum relative to sales.

Backlog grew to $7.9 billion at the end of the quarter, representing a 10% increase from the end of fourth quarter 2024 and a 25% increase from the end of first quarter 2024.

Trailing twelve-month (TTM) orders growth was approximately 20% compared to the TTM period ended March 2024, with first quarter orders up approximately 13% year-over-year and up approximately 21% sequentially from the fourth quarter of 2024.

Adjusted free cash flow for the quarter was $265 million, up 162% year-over-year, demonstrating strong cash generation capabilities.

Vertiv raised its full-year 2025 net sales guidance by $250 million at the midpoint, while maintaining its full-year 2025 adjusted diluted EPS, adjusted operating profit, and adjusted free cash flow guidance at the midpoint.

The company cited continued robust market demand driven by growth in data centers, communication networks, and commercial and industrial environments as key factors behind its performance.

Vertiv Holdings Co (NYSE: VRT) is a global provider of critical digital infrastructure and continuity solutions, serving customers in data centers, communication networks, and commercial and industrial sectors worldwide.