Company: VRT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001674101-25-000008
Chunk: 95

Company: Vertiv Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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24

Asia Pacific 

(Dollars in millions)Three months ended June 30, 2025Three months ended June 30, 2024$ Change% ChangeNet sales$560.2 $409.1 $151.1 36.9 %Operating profit (loss)59.2 32.3 26.9 83.3 Margin10.6 %7.9 %

Asia Pacific net sales were $560.2 in the second quarter of 2025, an increase of $151.1, or 36.9%, from the second quarter of 2024. The increase in sales was primarily driven by growth across the whole region and the positive impact of foreign currency of approximately $0.6. Net sales of products improved by $130.9, and sale of service & spares improved by $20.2.

Operating profit (loss) in the second quarter of 2025 was $59.2, an increase of $26.9 compared with the second quarter of 2024. Margin increased primarily due to leveraging our fixed costs and a one-time supplier expense in 2024.

Europe, Middle East & Africa

(Dollars in millions)Three months ended June 30, 2025Three months ended June 30, 2024$ Change% ChangeNet sales$475.6 $422.6 $53.0 12.5 %Operating profit (loss)104.2 109.5 (5.3)(4.8)Margin21.9 %25.9 %

Europe, Middle East & Africa net sales were $475.6 in the second quarter of 2025, an increase of $53.0, or 12.5%, from the second quarter of 2024. The increase in sales was primarily driven by higher sales volumes due to products increasing by $42.0 and service & spares increasing by $11.0, including the positive impact of foreign currency of approximately $23.5 compared to the second quarter of 2024.

Operating profit (loss) in the second quarter of 2025 was $104.2, a decrease of $5.3 compared with the second quarter of 2024. Margin decreased primarily due to the mix of product and service sales and operational inefficiencies.

Vertiv Corporate and Other

Corporate and other costs include costs associated with our headquarters located in Westerville, Ohio, as well as centralized global