Company: VRT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001674101-25-000008
Chunk: 55

Company: Vertiv Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 55
---
30, 2025 compared to the three 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)Three months ended June 30, 2025Three months ended June 30, 2024$ Change% ChangeNet sales$1,602.3 $1,121.1 $481.2 42.9 %Operating profit (loss)384.6 285.1 99.5 34.9 Margin24.0 %25.4 %

Americas net sales were $1,602.3 in the second quarter of 2025, an increase of $481.2, or 42.9%, from the second quarter of 2024. The increase in sales was primarily driven by higher sales volume due to products increasing by $428.7 and sales of service & spares increasing by $52.5. Americas net sales were negatively impacted by foreign currency of approximately $3.5.

Operating profit (loss) in the second quarter of 2025 was $384.6, an increase of $99.5 compared with the second quarter of 2024. Margin was slightly down due primarily to the mix of product and service sales in addition to the negative impact of tariffs.

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