Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 128

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 2
Chunk 128
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 the mix of product and service sales in addition to operational leverage.

29

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. Sales were positively impacted by foreign currency by approximately $36.6. Net sales of products increased by $67.3 and services & spares increased by $2.5 compared to the first nine months of 2024.

Operating profit (loss) in the first nine months of 2025 was $266.4, a decrease of $27.8, or 9.4%, compared with the first nine months of 2024. Margin decreased primarily due to the mix of product and service sales and operational inefficiencies.

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