Company: VRT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001674101-25-000008
Chunk: 99

Company: Vertiv Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 June 30, 2025 compared to the six months ended June 30, 2024. Segment profitability is defined as operating profit (loss). Segment margin represents segment operating profit (loss) expressed as a percentage of segment net sales. For reconciliations of segment net sales and earnings to our consolidated results, see “Note 10 — Segment Information,” of our Unaudited Condensed Consolidated Financial Statements. Segment net sales are presented excluding intercompany sales.

Americas(Dollars in millions)Six months ended June 30, 2025Six months ended June 30, 2024$ Change% ChangeNet sales$2,787.6 $2,046.1 $741.5 36.2 %Operating profit (loss)644.3 472.9 171.4 36.2 Margin23.1 %23.1 %

Americas net sales were $2,787.6 in the first six months of 2025, an increase of $741.5, or 36.2%, from the first six months of 2024. The increase in sales was primarily driven by higher sales volumes due to products increasing by $670.9 and sales of service & spares increasing by $70.6. Americas net sales were negatively impacted by foreign currency of approximately $9.3.

Operating profit (loss) in the first six months of 2025 was $644.3, an increase of $171.4 compared with the first six months of 2024. Margin was flat due to the mix of product and service sales in addition to the negative impact of tariffs.

Asia Pacific

(Dollars in millions)Six months ended June 30, 2025Six months ended June 30, 2024$ Change% ChangeNet sales$1,007.4 $741.4 $266.0 35.9 %Operating profit (loss)104.9 62.7 42.2 67.3 Margin10.4 %8.5 %

Asia Pacific net sales were $1,007.4 in the first six months of 2025, an increase of $266.0, or 35.9%, from the first six months of 2024. The increase in sales were primarily driven by growth across the whole region, partially offset by the negative impact of foreign currency of approximately $5.4. Net sales of products improved by $240.