Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 59

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 our Unaudited Condensed Consolidated Financial Statements. Segment net sales are presented excluding intercompany sales.

Americas (Dollars in millions)Three months ended September 30, 2025Three months ended September 30, 2024$ Change% ChangeNet sales$1,712.4 $1,198.6 $513.8 42.9 %Operating profit (loss)501.8 303.4 198.4 65.4 Margin29.3 %25.3 %

Americas net sales were $1,712.4 in the third quarter of 2025, an increase of $513.8, or 42.9%, from the third quarter of 2024. The increase in sales was primarily driven by higher sales volume due to products increasing by $469.6 and sales of service & spares increasing by $44.2. Americas net sales were negatively impacted by foreign currency of approximately $1.1.

Operating profit (loss) in the third quarter of 2025 was $501.8, an increase of $198.4, or 65.4%, compared with the third quarter of 2024. Margin increased primarily due to the mix of product and service sales in addition to operational leverage.

Asia Pacific 

(Dollars in millions)Three months ended September 30, 2025Three months ended September 30, 2024$ Change% ChangeNet sales$519.8 $432.4 $87.4 20.2 %Operating profit (loss)68.5 44.1 24.4 55.3 Margin13.2 %10.2 %

Asia Pacific net sales were $519.8 in the third quarter of 2025, an increase of $87.4, or 20.2%, from the third quarter of 2024. The increase in sales was primarily driven by growth in India and the negative impact of foreign currency of approximately $4.6. Net sales of products improved by $78.8, and sale of service & spares improved by $8.6.

Operating profit (loss) in the third quarter of 2025 was $68.5, an increase of $24.4, or 55.3%, compared with the third quarter of 2024 mainly driven by operational leverage and cost improvement actions.

26

Europe, Middle East & Africa

(Dollars in millions)Three