Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 64

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 months of 2024. The increase in sales was primarily driven by higher sales volumes due to products increasing by $1,140.5 and sales of service & spares increasing by $114.8. Americas net sales were negatively impacted by foreign currency of approximately $10.3.

Operating profit (loss) in the first nine months of 2025 was $1,146.1, an increase of $369.8, or 47.6%, compared with the first nine months of 2024. Margin increased primarily due to the mix of product and service sales in addition to operational leverage.

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Asia Pacific

(Dollars in millions)Nine months ended September 30, 2025Nine months ended September 30, 2024$ Change% ChangeNet sales$1,527.2 $1,173.8 $353.4 30.1 %Operating profit (loss)173.4 106.8 66.6 62.4 Margin11.4 %9.1 %

Asia Pacific net sales were $1,527.2 in the first nine months of 2025, an increase of $353.4, or 30.1%, from the first nine months of 2024. The increase in sales were primarily driven by growth in India, partially offset by the negative impact of foreign currency of approximately $10.1. Net sales of products improved by $319.5, and service & spares improved by $33.9.

Operating profit (loss) in the first nine months of 2025 was $173.4, an increase of $66.6, or 62.4%, compared with the first nine months of 2024. Margin increased primarily driven by operational leverage and cost improvement actions.

Europe, Middle East & Africa

(Dollars in millions)Nine months ended September 30, 2025Nine months ended September 30, 2024$ Change% ChangeNet sales$1,322.7 $1,246.9 $75.8 6.1 %Operating profit (loss)266.4 294.2 (27.8)(9.4)Margin20.1 %23.6 %

Europe, Middle East & Africa net sales of $1,322.7 in the first nine months of 2025, increased by $75.8, or 6.1%, from the first nine months of 2024