Vertiv Holdings Co (NYSE: VRT) has reported strong first quarter 2025 results, showing impressive growth across various key metrics. The company's trailing twelve-month (TTM) orders saw a robust growth of approximately 20%, with first quarter orders up around 13% compared to the same period last year and up approximately 21% sequentially from the fourth quarter of 2024.
In terms of net sales, Vertiv reported first quarter 2025 net sales of $2,036 million, marking a significant 24% increase compared to the first quarter of 2024. Organic net sales were up 25% year over year, demonstrating strong organic growth.
The company's first quarter diluted EPS stood at $0.42, while adjusted diluted EPS was reported at $0.64, reflecting an impressive increase of around 49% from the first quarter of 2024. Additionally, first quarter operating profit amounted to $291 million, with adjusted operating profit reaching $337 million, marking increases of 43% and 35% respectively from the first quarter of 2024.
The strong performance also translated into the backlog, which was 10% higher than year-end and up 25% from the end of the first quarter of 2024. The first quarter book-to-bill ratio was approximately 1.4x, further demonstrating the company's strong performance in securing new business.
Looking ahead, Vertiv has raised its full-year 2025 net sales guidance by $250 million at the midpoint, indicating confidence in its continued growth trajectory. The company is maintaining its full-year 2025 adjusted diluted EPS, adjusted operating profit, and adjusted free cash flow guidance at the midpoint.
The company's liquidity remained strong at $2.3 billion, with net leverage standing at approximately 0.8x at the end of the first quarter of 2025. Fitch Ratings, Inc. has assigned a first-time rating of BBB* with a stable outlook to Vertiv Holdings Co and Vertiv Group Corporation, reinforcing the company's strong business profile and resilient balance sheet.
Vertiv's management remains optimistic about the future, with the data center market showing robust momentum and strong demand for AI-driven infrastructure. The company continues to invest in research and development and capacity expansion to meet the growing needs of the industry.
Today the company's shares have moved 8.6% to a price of $78.03. For more information, read the company's full 8-K submission here.
