Company: VRT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001674101-25-000008
Chunk: 56

Company: Vertiv Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 by $20.2.

Operating profit (loss) in the second quarter of 2025 was $59.2, an increase of $26.9 compared with the second quarter of 2024. Margin increased primarily due to leveraging our fixed costs and a one-time supplier expense in 2024.

Europe, Middle East & Africa

(Dollars in millions)Three months ended June 30, 2025Three months ended June 30, 2024$ Change% ChangeNet sales$475.6 $422.6 $53.0 12.5 %Operating profit (loss)104.2 109.5 (5.3)(4.8)Margin21.9 %25.9 %

Europe, Middle East & Africa net sales were $475.6 in the second quarter of 2025, an increase of $53.0, or 12.5%, from the second quarter of 2024. The increase in sales was primarily driven by higher sales volumes due to products increasing by $42.0 and service & spares increasing by $11.0, including the positive impact of foreign currency of approximately $23.5 compared to the second quarter of 2024.

Operating profit (loss) in the second quarter of 2025 was $104.2, a decrease of $5.3 compared with the second quarter of 2024. Margin decreased primarily due to the mix of product and service sales and operational inefficiencies.

Vertiv Corporate and Other

Corporate and other costs include costs associated with our headquarters located in Westerville, Ohio, as well as centralized global functions including Finance, Treasury, Risk Management, Strategy & Marketing, IT, Legal, Human Resources, and global product platform development and offering management. Total corporate and other costs were $58.7 and $45.1 in the second quarter of 2025 and 2024, respectively. Total corporate and other costs increased $13.6 compared to the second quarter of 2024 primarily due to an increase of certain employee related costs and an increase in the foreign currency loss of $2.1.

25

Comparison of the Six Months Ended June 30, 2025 and Six Months Ended June 30, 2024

(Dollars in millions)Six months ended June 30, 2025Six months ended June 30, 2024$ Change% ChangeNet sales$4,674.1 $3,591.9 $1