Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 21

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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PART I. FINANCIAL INFORMATION 

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)

VERTIV HOLDINGS CO

(Dollars in millions except for per share data)Three months ended September 30, 2025Three months ended September 30, 2024Nine months ended September 30, 2025Nine months ended September 30, 2024Net salesNet sales - products$2,214.4 $1,653.7 $6,030.1 $4,479.2 Net sales - services461.4 419.8 1,319.8 1,186.2 Net sales2,675.8 2,073.5 7,349.9 5,665.4 Costs and expensesCost of sales - products1,398.4 1,066.3 3,980.8 2,875.6 Cost of sales - services266.7 250.8 775.3 725.8 Cost of sales1,665.1 1,317.1 4,756.1 3,601.4 Operating expensesSelling, general and administrative expenses414.3 334.6 1,156.2 1,012.4 Amortization of intangibles48.2 45.3 141.1 137.1 Restructuring costs30.7 6.3 33.7 4.1 Foreign currency (gain) loss, net0.9 5.3 5.8 8.7 Other operating expense (income)(0.1)(6.7)7.2 (8.5)Operating profit (loss)516.7 371.6 1,249.8 910.2 Interest expense, net22.8 35.9 69.4 119.7 Loss on extinguishment of debt1.7 — 1.7 1.1 Change in fair value of warrant liabilities— 67.2 — 269.2 Income (loss) before income taxes492.2 268.5 1,178.7 520.2 Income tax expense (benefit)93.7 91.9 291.