Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 89

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 for the three and nine months ended September 30, 2025 and 2024 are as follows:(In millions, except share and per share amounts)Three months ended September 30, 2025Three months ended September 30, 2024Nine months ended September 30, 2025Nine months ended September 30, 2024Net income (loss)$398.5 $176.6 $887.2 $348.8 Weighted-average number of shares outstanding - basic382,025,408 375,203,364 381,455,627 376,353,335 Dilutive effect of equity-based compensation8,903,261 9,112,701 8,802,275 9,752,894 Weighted-average number of shares outstanding - diluted390,928,669 384,316,065 390,257,902 386,106,229 Earnings (loss) per shareBasic$1.04 $0.47 $2.33 $0.93 Diluted$1.02 $0.46 $2.27 $0.90 The dilutive effect of equity-based compensation awards was 8.9 million and 8.8 million shares, respectively, during the three and nine months ended September 30, 2025. Additional equity-based compensation awards of 0.0 million and 1.2 million shares, respectively, were also outstanding during the three and nine months ended September 30, 2025, but were not included in the computation of diluted earnings (loss) per share because the effect would be anti-dilutive.The dilutive effect of equity-based compensation awards was 9.1 million and 9.8 million shares, respectively, during the three and nine months ended September 30, 2024. Additional equity-based compensation awards and warrants were also outstanding during the three and nine months ended September 30, 2024, but were not included in the computation of diluted earnings per share because the effect would be anti-dilutive. Such anti-dilutive equity-based compensation awards and warrants represented 1.6 million and 4.5 million shares for the three months ended September 30, 2024, respectively, and 1.2 million and 4.5 million shares for the nine months ended September 30, 2024, respectively.

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