Vertiv Holdings Co (VRT), a critical digital infrastructure company, on Wednesday reported higher net income in the second quarter compared with the previous year.
For the second quarter, net income increased to $497.8 million from $324.2 million in the previous year.
Earnings per share were $1.27 versus $0.83 last year.
Adjusted net income increased to $598.3 million from 371.1 million in the same period a year ago.
Adjusted earnings per share were $1.52 versus $0.95 last year.
Operating profit rose to $637.9 million from $442.4 million in the prior year.
Net sales increased to $3.27 billion from $2.64 billion in the previous year.
Looking ahead, the company expects Full Year 2026 net sales of $14 billion, with organic sales growth of 31% at the midpoint of its guidance, compared with Full Year 2025.
The company also expects Full Year 2026 earnings per share of $5.82 to $5.92 and adjusted earnings per share of $6.65 to $6.75, representing midpoint increases of 72% and 60%, respectively, from Full Year 2025.
In the pre-market trading, Vertiv is 11.68% lesser at $237.01 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.