Microvast Holdings announces departure of chief financial officer
COLUMBUS, Ohio - Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions with a market capitalization of $41.8 billion, has announced the upcoming retirement of its Chief Financial Officer, David Fallon. According to InvestingPro data, the company maintains a "GREAT" financial health score, suggesting strong operational fundamentals. The company is initiating a search for Fallon’s successor, with the transition expected to take place in the latter half of 2025. Fallon, who has held the CFO role since 2017, will continue to serve as a consultant to the company through the end of 2026 to ensure a seamless handover.
In his statement, Fallon expressed gratitude for his time with Vertiv and a commitment to assisting with the transition. CEO Giordano Albertazzi and Executive Chairman Dave Cote both acknowledged Fallon’s significant contributions to the company’s financial operations and growth.
Despite the announcement of Fallon’s retirement, Vertiv reaffirmed its financial guidance for the second quarter and the full year of 2025, initially released on April 23, 2025. The company’s outlook remains positive, with strong momentum in the data center market, particularly in AI infrastructure, and ongoing investments in research, development, and capacity expansion. InvestingPro data shows impressive revenue growth of over 20% in the last twelve months, with analysts forecasting EPS of $3.65 for fiscal year 2025. Vertiv also noted its proactive measures to mitigate the impact of tariffs and maintain supply chain resilience.
The company’s forward-looking statements are based on current expectations and beliefs, yet are subject to a number of risks and uncertainties. These include, but are not limited to, the continued growth of customer markets, the variability of large customer contracts, and the global trade environment. Vertiv has indicated that it does not intend to update these forward-looking statements except as required by law. Investors can access detailed analysis and 15+ additional ProTips through InvestingPro’s comprehensive research report, with the next earnings announcement expected on July 23, 2025.
This news is based on a press release statement from Vertiv Holdings Co.
In other recent news, Vertiv Holdings Co reported its first-quarter 2025 financial results, exceeding analyst expectations with an adjusted diluted earnings per share (EPS) of $0.64, a notable 49% increase year-over-year. The company’s revenue also surpassed projections, reaching $2.04 billion against a forecast of $1.94 billion. Following this announcement, Vertiv raised its full-year organic sales growth guidance to 18%, reflecting strong performance in AI infrastructure and data center solutions. Evercore ISI updated its financial outlook for Vertiv, increasing the price target to $150 from $100, while maintaining an Outperform rating, highlighting the company’s potential to benefit from the growth in AI data centers. Meanwhile, JPMorgan reiterated its Overweight rating on Vertiv with a steady price target of $100, despite recent financial results showing mixed performance with increased orders but weaker margins due to tariffs. The firm noted that Vertiv’s financial outcomes surpassed modest market expectations and emphasized the company’s resilience amidst challenging market conditions. Vertiv’s strategic focus and innovation in AI infrastructure continue to bolster its market position, as evidenced by the ongoing strategic partnerships and raised sales guidance.
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