Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 100

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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 primarily influenced by favorable impact discrete tax benefits for stock compensation and return to provision adjustments. The effective rate in the third quarter of 2024 was primarily influenced by the negative impact of non-deductible changes in fair value of the warrant liabilities and discrete tax benefits related to stock compensation.

Business Segments

The following is detail of business segment results for the three months ended September 30, 2025 compared to the three months ended September 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 11 — Segment Information,” of our Unaudited Condensed Consolidated Financial Statements. Segment net sales are presented excluding intercompany sales.

Americas (Dollars in millions)Three months ended September 30, 2025Three months ended September 30, 2024$ Change% ChangeNet sales$1,712.4 $1,198.6 $513.8 42.9 %Operating profit (loss)501.8 303.4 198.4 65.4 Margin29.3 %25.3 %

Americas net sales were $1,712.4 in the third quarter of 2025, an increase of $513.8, or 42.9%, from the third quarter of 2024. The increase in sales was primarily driven by higher sales volume due to products increasing by $469.6 and sales of service & spares increasing by $44.2. Americas net sales were negatively impacted by foreign currency of approximately $1.1.

Operating profit (loss) in the third quarter of 2025 was $501.8, an increase of $198.4, or 65.4%, compared with the third quarter of 2024. Margin increased primarily due to the mix of product and service sales in addition to operational leverage.

Asia Pacific 

(Dollars in millions)Three months ended September 30, 2025Three months ended September 30, 2024$ Change% ChangeNet sales$519.8 $432.4 $87.4 20.2 %Operating profit (loss)68.5 44.1 24.4 55.3 Margin13.2 %10.2 %

Asia Pacific net sales were $519.8 in the