Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 101

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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 third quarter of 2025, an increase of $87.4, or 20.2%, from the third quarter of 2024. The increase in sales was primarily driven by growth in India and the negative impact of foreign currency of approximately $4.6. Net sales of products improved by $78.8, and sale of service & spares improved by $8.6.

Operating profit (loss) in the third quarter of 2025 was $68.5, an increase of $24.4, or 55.3%, compared with the third quarter of 2024 mainly driven by operational leverage and cost improvement actions.

26

Europe, Middle East & Africa

(Dollars in millions)Three months ended September 30, 2025Three months ended September 30, 2024$ Change% ChangeNet sales$443.6 $442.5 $1.1 0.2 %Operating profit (loss)83.5 114.4 (30.9)(27.0)Margin18.8 %25.9 %

Europe, Middle East & Africa net sales were $443.6 in the third quarter of 2025, an increase of $1.1, or 0.2%, from the third quarter of 2024. The increase in sales was primarily driven by the positive impact of foreign currency of approximately $18.8 compared to the third quarter of 2024. Net sales of products increased by $3.6 and service & spares decreased by $2.5.

Operating profit (loss) in the third quarter of 2025 was $83.5, a decrease of $30.9, or (27.0)%, compared with the third 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 functions including Finance, Treasury, Risk Management, Strategy & Marketing, IT, Legal, Human Resources, and global product platform development and offering management. Total corporate and other costs were $88.9 and $45.0 in the third quarter of 2025 and 2024, respectively. Total corporate and other costs increased $43.9 compared to the third quarter of 2024 primarily due to a $31.1 increase in restructuring costs, an increase in certain employee related costs and a