How has VRT's net sales of services evolved since 2022?

Vertiv Holdings Co's net sales of services have shown a positive trend since 2022, with notable increases in 2023 and 2024.

1. 2023 Performance: Vertiv's net sales for the year ending December 31, 2023, were reported at $6.86 billion. This represents a significant increase from the $1.865 billion recorded in the fourth quarter of 2022. The full-year organic orders grew by approximately 30%, with the Americas region experiencing a 50% increase in organic orders.
2. 2024 Growth: In 2024, net sales grew further to $8.01 billion, reflecting a 26% increase from the previous year. The fourth quarter of 2024 alone saw net sales amount to $2,346 million, marking a 26% increase compared to the same period in the previous year. The strong growth in net sales was accompanied by a rise in operating profit and adjusted operating profit, which increased by 60% and 53%, respectively.
3. Recent Trends: The trend of strong growth continued into early 2025, despite a slight 8.65% decrease in share price due to broader economic factors and geopolitical influences. Despite these external challenges, Vertiv's innovative product launches, such as the CoolLoop Trim Cooler, and strategic expansions have positioned the company for continued success.

Overall, Vertiv's net sales of services have demonstrated robust growth since 2022, driven by strategic product launches and strong market demand.