Company: VRT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001674101-25-000008
Chunk: 20

Company: Vertiv Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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PART I. FINANCIAL INFORMATION 

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)

VERTIV HOLDINGS CO

(Dollars in millions except for per share data)Three months ended June 30, 2025Three months ended June 30, 2024Six months ended June 30, 2025Six months ended June 30, 2024Net salesNet sales - products$2,166.0 $1,555.2 $3,815.7 $2,825.5 Net sales - services472.1 397.6 858.4 766.4 Net sales2,638.1 1,952.8 4,674.1 3,591.9 Costs and expensesCost of sales - products1,470.3 963.0 2,582.4 1,809.3 Cost of sales - services271.2 248.6 508.6 475.0 Cost of sales1,741.5 1,211.6 3,091.0 2,284.3 Operating expensesSelling, general and administrative expenses395.6 363.8 741.9 677.8 Amortization of intangibles46.9 45.8 92.9 91.8 Restructuring costs1.9 (2.5)3.0 (2.2)Foreign currency (gain) loss, net2.3 0.2 4.9 3.4 Other operating expense (income)7.5 (2.1)7.3 (1.8)Operating profit (loss)442.4 336.0 733.1 538.6 Interest expense, net21.3 44.8 46.6 83.8 Loss on extinguishment of debt— 1.1 — 1.1 Change in fair value of warrant liabilities— 25.4 — 202.0 Income (loss) before income taxes421.1 264.7 686.5 251.7 Income tax expense (benefit)96.9 86.6 197.8 79.5 Net income (loss)$324.