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Vertiv Holdings (VRT)

Vertiv Holdings Co. is a global leader in the design, manufacturing, and servicing of critical digital infrastructure technology. The company provides solutions that power, cool, deploy, secure, and maintain electronics that process, store, and transmit data. Vertiv's offerings are essential for data centers, communication networks, and commercial and industrial environments worldwide.

  1. Critical Infrastructure & Solutions - Develops and supplies essential infrastructure solutions that ensure the continuous operation of critical technologies.
  2. Services & Spares - Offers maintenance, repair, and spare parts services to ensure optimal performance and longevity of critical infrastructure.
  3. Integrated Rack Solutions - Provides comprehensive rack solutions that integrate power, cooling, and monitoring capabilities for efficient data center management.

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NamePositionExternal RolesShort Bio

Giordano Albertazzi

ExecutiveBoard

Chief Executive Officer (CEO)

None

Joined Vertiv in 1998; became CEO in 2023 after serving as COO and President of Americas; extensive experience in global operations.

View Report →

Anand Sanghi

Executive

President, Americas

None

Joined Vertiv in 2001; previously President of Asia Pacific; now leads Americas operations.

Anders Karlborg

Executive

EVP, Manufacturing, Logistics, and Operational Excellence

None

Joined Vertiv in 2018; oversees global manufacturing and logistics; previously held leadership roles at Ericsson and Huawei.

Cheryl Lim

Executive

Chief Human Resources Officer (CHRO)

None

Joined Vertiv in 2022; previously VP of HR at ITT and Honeywell; focuses on employee engagement and inclusion.

David J. Fallon

Executive

Chief Financial Officer (CFO)

None

CFO since 2020; previously CFO at CLARCOR and Noble International; holds CPA and CFA certifications.

Edward Cui

Executive

President, Greater China

None

Joined Vertiv in 1997; leads China operations; previously VP of Engineering and Sales in Asia Pacific.

Karsten Winther

Executive

President, EMEA

None

Joined Vertiv in 2018; previously VP of Sales for EMEA; now leads EMEA operations.

Sheryl Haislet

Executive

Chief Information Officer (CIO)

None

CIO since 2020; previously CIO at Adient plc and held senior IT roles at Johnson Controls.

Stephanie Gill

Executive

Chief Legal Counsel and Corporate Secretary

None

Joined Vertiv in 2021; previously VP and General Counsel at CNX Resources; extensive legal and compliance experience.

David M. Cote

Board

Executive Chairman of the Board

None

Former Chairman and CEO of Honeywell; joined Vertiv as Executive Chairman in 2020 to oversee strategic growth and innovation.

Edward L. Monser

Board

Director

Lead Director at Air Products & Chemicals; Vice Chairman of U.S.-India Strategic Partnership Forum

Former President and COO of Emerson; extensive experience in globalization and industrial operations.

Jacob Kotzubei

Board

Director

Co-President of Platinum Equity; Director at Ryerson Holding Corporation

Extensive private equity and capital markets experience; previously served on boards of Key Energy Services and Verra Mobility.

Jakki L. Haussler

Board

Director

Director at Barnes Group, Service Corporation International, and Morgan Stanley Funds

Co-founder and former CEO of Opus Capital Management; extensive experience in finance and governance.

Joseph J. DeAngelo

Board

Director

Advisory Board Member at Combat Marine Outdoors

Former Chairman and CEO of HD Supply; extensive experience in industrial operations and governance.

Joseph van Dokkum

Board

Director

Chairman of Imperative Science Ventures; Director at Ionic Materials and Ndustrial

Former President of UTC Power and Siemens Power Transmission; extensive experience in energy and industrial sectors.

Matthew Louie

Board

Director

Managing Director at Platinum Equity

Joined Platinum Equity in 2008; extensive experience in private equity and operational oversight.

Roger Fradin

Board

Director

Chairman of Victory Innovation; Director at L3Harris Technologies, Resideo Technologies, and Janus International Group

Former Vice Chairman of Honeywell; extensive experience in automation and control solutions.

Steven S. Reinemund

Board

Director

Board Member at USNA Foundation

Former Chairman and CEO of PepsiCo; extensive leadership and governance experience.

  1. "You mentioned that competition is expected but believe Vertiv's advantages are not easily replicated; with the rapid growth in liquid cooling and ODMs integrating their own solutions, how do you plan to maintain market share and defend against emerging competitors? "
  2. "Given your significant cash generation and free cash flow of $336 million in Q3 and $773 million year-to-date, can you provide specific details on the M&A opportunities you're considering and how they align with your capital allocation strategy? "
  3. "Your CapEx is expected to be around $80 million in Q4, higher than previous quarters; what are the key drivers behind this increase, and how confident are you that these investments won't be delayed into Q1? "
  4. "Despite achieving a 20.1% adjusted operating margin, you noted that gross margins were impacted by launch costs and unfavorable project mix; what steps are you taking to mitigate these factors and ensure sustained margin expansion? "
  5. "With customer lead times elongating due to their project schedules, is there a risk that your pricing power could diminish over time, and how are you addressing potential challenges to maintain profitability in such scenarios? "

Research analysts who have asked questions during Vertiv Holdings earnings calls.

Andrew Kaplowitz

Citigroup

7 questions for VRT

Also covers: ACM, AOS, APG +29 more

Nicole DeBlase

BofA Securities

7 questions for VRT

Also covers: CTOS, EMR, ETN +13 more

Nigel Coe

Wolfe Research, LLC

7 questions for VRT

Also covers: AME, CARR, CNM +26 more

Andrew Obin

Bank of America

6 questions for VRT

Also covers: ALLE, AME, CARR +16 more

Mark Delaney

The Goldman Sachs Group, Inc.

6 questions for VRT

Also covers: APH, APTV, AUR +22 more

Scott Davis

Melius Research

6 questions for VRT

Also covers: CARR, DD, DHR +16 more

Amit Daryanani

Evercore

5 questions for VRT

Also covers: AAPL, AKAM, ANET +21 more

Jeffrey Sprague

Vertical Research Partners

5 questions for VRT

Also covers: ALLE, AME, AYI +23 more

Michael Elias

TD Cowen

5 questions for VRT

Also covers: DBRG, DLR, EQIX +1 more

Chris Snyder

Morgan Stanley

4 questions for VRT

Also covers: ALLE, AME, AYI +17 more

Noah Kaye

Oppenheimer & Co. Inc.

4 questions for VRT

Also covers: AAON, AMRC, BWA +16 more

Steve Tusa

JPMorgan Chase & Co.

4 questions for VRT

Also covers: AIN, ALTR, CARR +15 more

C. Stephen Tusa

JPMorgan Chase & Co.

3 questions for VRT

Also covers: ADSK, ANSS, APG +17 more

Amit Dharani

Evercore

2 questions for VRT

Amit Mehrotra

UBS

2 questions for VRT

Also covers: CARR, EMR, ETN +8 more

Amit Mittal

UBS

2 questions for VRT

Jeff Sprague

Vertical Research Partners

2 questions for VRT

Also covers: ALLE, DOV, FTV +2 more

Brett Linzey

Mizuho Securities

1 question for VRT

Also covers: AIT, ALLE, AME +14 more

Christopher Snyder

Morgan Stanley

1 question for VRT

Also covers: ALLE, AME, AYI +18 more

David Ridley-Lane

Bank of America

1 question for VRT

Also covers: ATMU, CNM, EMR +5 more

Nicole DeBlase

Deutsche Bank

1 question for VRT

Also covers: CARR, GEV, JCI
Program DetailsProgram 1
Approval DateNovember 29, 2023
End Date/DurationDecember 31, 2027
Total additional amount$3.0 billion
Remaining authorization$2.4 billion (as of September 30, 2024)
DetailsThe program allows for repurchases through various methods, including open market purchases and privately negotiated transactions. The timing of repurchases depends on factors like liquidity, stock price, and financial outlook. The program is flexible and can be modified or discontinued.

Notable M&A activity and strategic investments in the past 3 years.

CompanyYearDetails

CoolTera Ltd.

2023

Vertiv acquired all shares and key assets (including patents, trademarks, and intellectual property) of CoolTera Ltd., a UK-based provider of liquid cooling infrastructure for data centers, to strengthen its liquid cooling portfolio; the purchase price was stated to be not material to Vertiv and was expected to close in Q4 2023.

E&I Engineering Ireland Ltd. and Powerbar Gulf LLC

2021

Vertiv completed a $1.8 billion acquisition (partially financed with cash and common stock, with additional earn-out contingent on EBITDA targets) to expand its power infrastructure portfolio with E&I’s expertise in switchgear and modular power solutions, significantly broadening its market and operational capabilities.

Recent press releases and 8-K filings for VRT.

Vertiv Holdings Co Announces Intent to Acquire PurgeRite
VRT
M&A
New Projects/Investments
  • Vertiv Holdings Co (VRT) announced its intent to acquire PurgeRite Intermediate, LLC for approximately $1.0 billion in cash consideration at closing, with potential additional consideration of up to $250 million based on achieving certain 2026 performance metrics.
  • The acquisition is expected to strengthen Vertiv's leadership in next-generation thermal chain services for liquid cooling systems, particularly for high-density and AI-driven environments, and is anticipated to be margin accretive to Vertiv's Services business.
  • The transaction, agreed upon on October 31, 2025, is subject to customary closing conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2025.
4 days ago
Vertiv Announces Intent to Acquire PurgeRite
VRT
M&A
New Projects/Investments
  • Vertiv Holdings Co announced its intent to acquire PurgeRite Intermediate, LLC for approximately $1.0 billion in cash, with potential additional consideration of up to $250 million based on achieving certain 2026 performance metrics.
  • This acquisition is expected to strengthen Vertiv's leadership in next-generation thermal chain services for high-density and AI-driven environments, enhancing its liquid cooling services capabilities.
  • The purchase price represents approximately 10.0x expected 2026 EBITDA including cost synergies, and the acquisition is anticipated to be margin accretive to Vertiv's Services business.
  • The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2025.
4 days ago
Vertiv Announces AI Infrastructure Reference Architectures for NVIDIA Omniverse DSX Blueprint
VRT
Product Launch
New Projects/Investments
  • Vertiv (NYSE: VRT) announced the release of its gigawatt-scale reference architectures for the NVIDIA Omniverse DSX Blueprint, designed to reduce Time to First Token by up to 50% for generative AI at scale.
  • These architectures offer broad optionality in deployment methods, including traditional stick-built, hybrid, and fully prefabricated solutions, with the prefabricated version built on the Vertiv™ OneCore platform.
  • Key innovations include optimized "Grid-to-Chip" power topologies and advanced liquid cooling solutions to manage the extreme thermal demands of accelerated computing.
  • Vertiv is collaborating with NVIDIA to develop these flexible, rapidly-deployable reference architectures and is actively engaged in the design phases of several large AI factory projects utilizing the Vertiv™ OneCore prefabricated design.
Oct 28, 2025, 5:59 PM
Vertiv Announces Strong Q3 2025 Results and Raises Full-Year Guidance
VRT
Earnings
Guidance Update
CFO Change
  • Vertiv reported strong Q3 2025 financial results, with adjusted diluted EPS of $1.24, up 63% year-over-year, and organic sales growth of 28%. Adjusted operating profit reached $596 million with a 22.3% margin, and adjusted free cash flow was $462 million.
  • The company raised its full-year 2025 guidance, now expecting adjusted diluted EPS of $4.10 and net sales of $10.2 billion, reflecting 27% organic growth.
  • Vertiv's total backlog grew to $9.5 billion, up 30% year-on-year, and it plans to accelerate investments in capacity, supply chain, and R&D, with R&D spending projected to increase 20%+ in 2026.
  • David Fallon, the Chief Financial Officer, will be retiring, and Craig Chamberlain will assume the role.
Oct 22, 2025, 3:00 PM
Vertiv Reports Strong Q3 2025 Results and Raises Full Year Guidance
VRT
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Vertiv reported a strong Q3 2025, with adjusted diluted EPS of $1.24, up 63% year over year, and organic sales growth of 28%. Adjusted operating profit reached $596 million with a 22.3% margin, and adjusted free cash flow was $462 million.
  • The company demonstrated robust demand, achieving a 1.4 times book to bill ratio in Q3 and 60% year over year orders growth. Its total backlog now stands at $9.5 billion, an increase of 30% year on year and 12% sequentially, providing strong visibility into 2026.
  • Vertiv raised its full year 2025 guidance, now projecting adjusted diluted EPS of $4.10 (up 44% from 2024), net sales of $10.2 billion (representing 27% organic growth), and adjusted operating profit of $2.06 billion (up 33% from last year). Adjusted free cash flow guidance was also increased to $1.5 billion.
  • The company is accelerating investments in manufacturing and service capacity, particularly in The Americas, and expects R&D spending to grow 20% plus in 2026 to maintain technology leadership. Vertiv anticipates continued significant organic sales growth in 2026, driven by the accelerating AI adoption and data center market strength.
Oct 22, 2025, 3:00 PM
Vertiv Announces Q3 2025 Results and Raises Full Year Guidance
VRT
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Vertiv (VRT) reported Q3 2025 adjusted diluted EPS of $1.24, marking a 63% increase from Q3 2024, primarily driven by higher adjusted operating profit from a 28% organic net sales increase.
  • Net sales for Q3 2025 reached $2,676 million, compared to $2,074 million in Q3 2024, with significant organic growth in the Americas (up 43%) and APAC (up 21%).
  • The company achieved a book-to-bill ratio of ~1.4x for Q3 2025, with organic orders up ~60% from Q3 2024, contributing to a strong backlog of $9.5 billion.
  • Vertiv raised its full year 2025 guidance for adjusted diluted EPS to $4.10 (a 44% increase from 2024), adjusted operating profit to $2,060 million (a 33% increase from 2024), and adjusted free cash flow to $1,500 million.
Oct 22, 2025, 3:00 PM
Vertiv Reports Strong Q3 2025 Results and Raises Full-Year Guidance
VRT
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Vertiv Holdings Co (VRT) reported strong third quarter 2025 results, with net sales increasing 29% to $2,676 million and adjusted diluted EPS rising 63% to $1.24 compared to the prior year period.
  • Organic orders grew approximately 60% year-over-year and 20% sequentially from Q2 2025, contributing to a significant backlog of $9.5 billion.
  • Adjusted operating profit increased 43% to $596 million, and the adjusted operating margin expanded by 220 basis points to 22.3% in Q3 2025.
  • The company maintained strong liquidity of $2.7 billion and a net leverage of approximately 0.5x, with Moody's upgrading its credit rating to Ba1 from Ba2.
  • Due to sustained momentum and strong backlog, Vertiv raised its full-year 2025 guidance for key metrics, including adjusted diluted EPS to a range of $4.07 to $4.13 and adjusted operating profit to $2,040 million to $2,080 million.
Oct 22, 2025, 10:01 AM
Vertiv Holdings Reports Strong Q3 2025 Results and Raises Full-Year Guidance
VRT
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Vertiv Holdings reported robust third quarter 2025 results, with net sales up 29% to $2,676 million and organic orders surging approximately 60% year-over-year.
  • Diluted EPS reached $1.02, while adjusted diluted EPS increased 63% to $1.24 compared to the third quarter of 2024.
  • The company's adjusted operating profit grew 43% to $596 million, resulting in an adjusted operating margin of 22.3%, a 220 basis point improvement year-over-year.
  • Vertiv maintained strong liquidity of $2.7 billion and generated $462 million in adjusted free cash flow, a 38% increase from the prior year period.
  • Management raised its full-year 2025 guidance for adjusted diluted EPS to a midpoint of $4.10, adjusted operating profit to $2,060 million, and adjusted free cash flow to $1,500 million.
Oct 22, 2025, 9:55 AM
Vertiv Recognized as a Leader in Data Centre Rack Market
VRT
New Projects/Investments
M&A
  • The "Data Centre Rack - Company Evaluation Report, 2025" identifies Vertiv as one of the top three leading companies in the Data Centre Rack market, alongside Schneider Electric and Eaton, recognized for their innovative and sustainable rack solutions.
  • Vertiv provides a comprehensive range of rack and enclosure solutions tailored for enterprise, edge, and hyperscale environments, emphasizing energy efficiency through integrated power distribution and cooling systems.
  • The company has strengthened its power distribution offerings, particularly for edge computing and AI workloads, through strategic acquisitions like E+I Engineering.
Sep 11, 2025, 1:49 PM
Vertiv acquires Waylay NV
VRT
M&A
New Projects/Investments
  • Vertiv Holdings Co (NYSE: VRT) announced on August 26, 2025, the acquisition of Waylay NV, a Belgium-based leader in hyperautomation and generative AI software platforms.
  • This acquisition is intended to strengthen Vertiv's digital infrastructure solutions with AI-based monitoring, predictive services, and performance optimization.
  • The investment aims to enable customers to increase uptime, optimize energy usage, and enhance operational intelligence across their critical digital infrastructure, particularly as AI workloads drive demand for intelligent, adaptive infrastructure in data centers.
  • Vertiv anticipates that Waylay's technology will accelerate its vision of intelligent infrastructure, providing enhanced predictive capabilities, operational efficiencies, and resilience for customers.
Aug 26, 2025, 10:30 AM