FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
COLUMBUS, Ohio -On Wednesdat, Vertiv Holdings Co (NYSE:VRT) reported first quarter earnings and revenue that exceeded analyst expectations and raised its full-year outlook.
The critical digital infrastructure provider saw its shares soar 16.26% in premarket trading after the release.
The company posted adjusted earnings per share of $0.64 for Q1, beating the consensus estimate of $0.61. Revenue came in at $2.04 billion, surpassing analysts’ projections of $1.94 billion and marking a 24% increase from the same period last year.
Vertiv’s strong performance was driven by robust demand, particularly in the data center and AI infrastructure markets. The company reported a 20% year-over-year increase in trailing twelve-month orders and a book-to-bill ratio of 1.4x for the quarter.
"Vertiv’s strong first quarter results demonstrate our continued momentum and reinforce our position for long-term sustainable growth," said CEO Giordano Albertazzi. He highlighted accelerating AI deployments across the data center market as a key growth driver.
Looking ahead, Vertiv raised its full-year 2025 revenue guidance to a range of $9.325-$9.575 billion, up from its previous forecast and above the Wall Street consensus of $9.177 billion. The company maintained its adjusted EPS outlook of $3.45-$3.65.
For the second quarter, Vertiv expects revenue between $2.325-$2.375 billion and adjusted EPS of $0.77-$0.85.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.