NYSE$VRT
Vertiv Holdings Co · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Vertiv reported record Q4 2022 net sales, operating profit, adjusted operating profit, and price realization.
Vertiv reported a strong Q4 2022 with net sales of $1,655 million, a 17.3% increase compared to the previous year. Operating profit was $162 million, and adjusted operating profit reached $211 million. The company's backlog reached a record high of $4.8 billion.
- Net sales reached $1,655 million, with a 17.3% increase compared to Q4 2021.
- Operating profit was $162 million, a significant increase from the prior year.
- Adjusted operating profit was $211 million, driven by pricing and volume benefits.
- Backlog reached a record high of $4.8 billion, providing visibility for 2023 growth.
Headline financials
Revenue & EPS history
Vertiv · Revenue · Quarterly
$1.66B
Revenue by segment
Vertiv · $1.3B total across 1 segment · Q4 2022
- Products$1.3B—100.0%
Forward guidance
Vertiv anticipates 2023 organic net sales growth of 15%, supported by its backlog. Full-year guidance for adjusted operating profit is up over 75%, and adjusted operating margin is up 430 basis points versus 2022.
Tailwinds
- 2023 organic net sales growth of 15%
- Price realization of $275 million
- Overall price-cost tailwind of $100 million versus the prior year.
- Adjusted operating profit is up over 75%
- Adjusted operating margin is up 430 basis points versus 2022.
Headwinds
- Macro-economic environment remains uncertain
- Incremental investment of $40 million planned for 2023.
- Adjusted Free Cash Flow(2)($100M) – ($50M)
- First Quarter 2023 Net sales $1,350M - $1,450M
- First Quarter 2023 Adjusted operating profit $115M – $135M
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 Q4 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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