Company: VRT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-094674
Chunk: 37

Company: Vertiv Holdings Co
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 37
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2024 Summary

| 1 |     | CEO’s Successful Leadership |

Under the leadership of our CEO, Mr. Albertazzi, we saw strong operational execution, innovation and growth in our product and service offerings, and historic financial results in 2024, as further described below. Under his leadership, we had positive gains from our M&A strategy, particularly with the successful integration of the CoolTera acquisition (signed in December 2023) that

| -  2025 Proxy Statement | 27 |

led to significant increased sales and the addition of BSE chiller technology announced in December 2024 to bolster our thermal management offerings for AI and high-performance compute applications. Further, we invested in manufacturing and capacity expansion and technology innovation to meet the growing demand of our customers and the unprecedented growth of data and AI adoption. These activities were key drivers in our operational performance. Our executive compensation for 2024 reflected these successes, particularly as the Compensation Committee considered appropriate incentives for our CEO for both short-term financial results and long-term equity interests, as further described in this CD&A.

| 2 |     | Financial Results |

2024 was a year of continued financial strength and transformative operational growth. The continued rapid growth of data, and the robust demand for, and acceleration of, AI technology adoption and high-performance compute resulted in strong demand for the Company’s innovative critical digital infrastructure products, software and services. The following is a summary of key 2024 financial results:

| • |     | Year-over-year revenue growth. End-market demand remained strong with net sales up ~17% (to approx. $8.0 billion) versus prior year, and organic net sales growth(1) of 18%. |

| • |     | Very strong backlog. Backlog continued to be strong increasing to ~$7.2 billion at the end of December 2024, increasing ~30% versus prior year. |

| • |     | Increased investment in engineering, research and development. We continued to invest in new product development with ER&D spending of ~$352 million in 2024 (approx. 4.4% of revenue). |

| • |     | Profitability. Full year net income was ~$496 million, operating profit was ~$1,367 million and adjusted operating profit(1) was ~$1,552 million. Full year 2024 operating margin was ~17% and adjusted operating margin was ~19%, an increase of ~4% versus prior