NYSE$VRT
Vertiv Holdings Co · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported strong operating and financial results.
Vertiv reported strong third-quarter results with net sales of $1,162 million, an 8.5% increase from last year. The company's orders were up 15.5%, leading to a record backlog of $1.85 billion. Adjusted EBITDA increased by 31% to $179 million, and free cash flow was $129 million, contributing to a quarter-end liquidity of $653 million.
- Net sales growth of 8.5% driven by strong demand from cloud and colocation market segments.
- Orders were 15.5% higher than the third quarter of 2019, resulting in a record backlog of $1.85 billion.
- Adjusted EBITDA increased $43 million, or 31%, with margin expansion of 270 basis points.
- Net cash provided by operating activities was $138 million, and free cash flow was $129 million.
Headline financials
Revenue & EPS history
Vertiv · Revenue · Quarterly
$1.16B
Revenue by segment
Vertiv · $1.38B total across 1 segment · Q3 2023
- Products$1.38B+21.7%100.0%
Forward guidance
Vertiv provided fourth quarter 2020 financial guidance, anticipating net sales between $1,240 million and $1,265 million, organic net sales growth of 6.0% to 8.0%, adjusted EBITDA between $175 million and $185 million, adjusted EBITDA margin between 14.1% and 14.6%, and adjusted EPS between $0.32 and $0.35.
Tailwinds
- Net sales between $1,240 million and $1,265 million
- Organic net sales growth of 6.0% to 8.0%
- Adjusted EBITDA between $175 million and $185 million
- Adjusted EBITDA margin between 14.1% and 14.6%
- Adjusted EPS between $0.32 and $0.35
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 Q3 2020
+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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