Vertiv Holdings LLC's stock surged 6.20% during pre-market trading on Wednesday, following the release of its fourth-quarter financial results and first-quarter guidance.
The company reported exceptionally strong performance for Q4, with organic orders growth of 252% and diluted earnings per share growth of 200%. Adjusted diluted EPS increased by 37%, while revenue came in at $2,880 million, essentially meeting analyst expectations.
For the first quarter, Vertiv provided an optimistic outlook with projected adjusted operating margin of 18.5-19.5%, adjusted EPS of $0.95-1.01, and sales guidance of $2,500-2,700 million. These positive indicators from both recent performance and future expectations appear to have driven investor enthusiasm in early trading.