NYSE$VRT
Vertiv Holdings Co · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Vertiv's Q1 2022 earnings exceeded guidance with a net sales increase of 5.3% and orders growth of 34%.
Vertiv reported strong first quarter 2022 results, exceeding guidance with a 5.3% increase in net sales and a 34% growth in orders. The company's backlog reached a record-high of $4.1 billion. However, operating profit was negatively impacted by inflation and supply chain constraints.
- Net sales increased by 5.3% compared to the prior year, reaching $1,156 million.
- Orders grew by 34% compared to the prior year, with a record-high backlog of $4.1 billion.
- Operating loss was $45 million, while adjusted operating profit was $13 million, impacted by inflation and supply chain issues.
- Pricing realization of $40 million exceeded forecast by $10 million.
Headline financials
Revenue & EPS history
Vertiv · Revenue · Quarterly
$1.16B
Revenue by segment
Vertiv · $849M total across 1 segment · Q1 2022
- Products$849M+0.6%100.0%
Forward guidance
Vertiv anticipates a strong second half of 2022, positioning the company well for 2023, with end-market demand remaining strong and pricing accelerating significantly as the year progresses. Supply chain and inflationary headwinds are expected to persist for the balance of 2022.
Tailwinds
- Expect the impact of the aggressive pricing actions taken in late 2021 and early 2022 to continue to enhance profitability over subsequent quarters.
- Encouraged by the pricing seen in new orders, which continue to grow strongly.
- Confident in pricing plan for the remainder of the year.
- On track to deliver strong second half 2022 results and meet full year commitments with consistently improving profitability going forward into 2023.
- End-market demand continues to be strong.
Headwinds
- Supply chain issues showed no improvement in the first quarter, and we expect continued challenges throughout 2022.
- Inflation was favorable to first quarter guidance, we have included an additional $10 million for inflationary pressures for the full year given the uncertainty in global commodity and freight markets.
- Second Quarter 2022 Operating profit (loss) GAAP $23.3 million
- Second Half 2022 Operating profit (loss) GAAP $324.9 million
- Full Year 2022 Operating profit (loss) GAAP $303.0
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.5%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+7.7%
Avg return
30 days after
56%
18 / 32 earnings
Positive
+30.0%
Q2 2023
Best reaction
-36.7%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.1% | +3.2% | +4.8% | |
| Q4 2025 | +24.5% | +17.5% | +29.7% | |
| Q3 2025 | -2.0% | +10.4% | -8.6% | |
| Q2 2025 | +1.0% | -1.8% | -10.6% | |
| Q1 2025 | +8.5% | +20.0% | +45.0% | |
| Q4 2024 | -9.7% | -12.3% | -29.0% | |
| Q3 2024 | -2.2% | +1.0% | +24.6% | |
| Q2 2024 | -16.0% | -14.3% | -13.7% | |
| Q1 2024 | +14.1% | +19.7% | +34.1% | |
| Q4 2023 | +1.4% | +6.9% | +33.0% | |
| Q3 2023 | -10.7% | -1.9% | +9.4% | |
| Q2 2023 | +30.0% | +34.6% | +50.3% | |
| Q1 2023 | +18.5% | +21.2% | +61.4% | |
| Q4 2022 | +7.9% | +3.3% | -14.2% | |
| Q3 2022 | +4.7% | +1.3% | -2.8% | |
| Q2 2022 | +11.9% | +10.2% | -4.8% | |
| Q1 2022 | +10.6% | +9.3% | -0.9% | |
| Q4 2021 | -36.7% | -33.5% | -34.3% | |
| Q3 2021 | +6.9% | +8.3% | +7.2% | |
| Q2 2021 | +1.7% | +0.2% | +2.2% | |
| Q1 2021 | +0.7% | -1.1% | +7.5% | |
| Q4 2020 | -6.3% | -1.8% | -10.2% | |
| Q3 2020 | -1.8% | -4.0% | +12.2% | |
| Q2 2020 | +8.0% | +11.1% | +5.9% | |
| Q4 2019 | +3.4% | +8.5% | +31.5% | |
| Q1 2020 | -0.9% | -2.9% | +30.1% | |
| Q2 2019 | -16.4% | -31.9% | -13.7% | |
| Q3 2019 | +0.0% | -0.3% | +1.0% | |
| Q1 2019 | -0.3% | -0.3% | +0.1% | |
| Q4 2018 | +0.2% | +0.6% | +0.7% | |
| Q3 2018 | +0.5% | +1.2% | +1.3% | |
| Q2 2018 | -0.1% | -1.1% | -1.6% |
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