Summary
Vertiv Holdings Co. reported robust financial results for the second quarter and first half of 2025, demonstrating significant top-line growth and improved profitability. Net sales surged by 35.1% in the second quarter and 30.1% for the first half of the year, driven by strong performance across all key segments, particularly the Americas. This growth was fueled by increased sales volumes in both product and service offerings, with a notable positive impact from foreign currency fluctuations. The company also showcased improved operational efficiency, as evidenced by a significant increase in net income. For the second quarter, net income more than doubled to $324.2 million, up from $178.1 million in the prior year. This profitability jump was supported by a decrease in interest expense and the absence of warrant liability adjustments seen in the prior year. Despite a slight dip in gross margin due to product mix and tariffs, the overall operational leverage and effective cost management led to a substantial increase in operating profit.
Financial Highlights
51 data points| Revenue | $2.64B |
| Cost of Revenue | $1.74B |
| Gross Profit | $896.60M |
| SG&A Expenses | $395.60M |
| Operating Income | $442.40M |
| Interest Expense | $21.30M |
| Net Income | $324.20M |
| EPS (Basic) | $0.85 |
| EPS (Diluted) | $0.83 |
| Shares Outstanding (Basic) | 381.48M |
| Shares Outstanding (Diluted) | 389.85M |
Key Highlights
- 1Net sales increased by 35.1% year-over-year to $2,638.1 million for the second quarter of 2025 and by 30.1% to $4,674.1 million for the first six months.
- 2Net income for the second quarter of 2025 more than doubled to $324.2 million, compared to $178.1 million in the second quarter of 2024.
- 3The Americas segment showed strong growth, with net sales increasing by 42.9% in the second quarter and operating profit by 34.9%.
- 4Gross profit margin decreased to 34.0% for the quarter and 33.9% for the year-to-date, primarily due to product mix and tariff impacts, compared to 38.0% and 36.4% respectively in the prior year periods.
- 5Interest expense decreased significantly by 52.5% in the second quarter and 44.4% in the first six months due to Term Loan amendments and increased interest income.
- 6The company ended the quarter with a strong cash position, with cash and cash equivalents totaling $1,640.8 million.
- 7Vertiv announced the definitive agreement to acquire the Great Lakes Data Rack and Cabinets family of companies, expected to close in the third quarter of 2025.