Vertiv Reports Strong Q2 Earnings, Raises FY Guidance

Vertiv reported Q2 diluted EPS of $0.83 and adjusted diluted EPS of $0.95, up 42% YoY. Net sales increased 35%, operating profit rose 32%, and adjusted operating profit grew 28% YoY. Orders momentum was strong, with organic orders up 15% YoY and a backlog of $8.5 billion. The company raised full-year guidance for adjusted diluted EPS, net sales, adjusted operating profit, and adjusted free cash flow.