Vertiv (VRT) Q3 2024 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 22, 2026 astatine 9:55 AM CDT 45 min read

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Wednesday, October 23, 2024 astatine 11:00 a.m. ET

• Executive Chairman — Dave Cote

• Chief Executive Officer — Giordano Albertazzi

• Chief Financial Officer — David Fallon

• Vice President, Investor Relations — Lynne Maxeiner

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Lynne Maxeiner: Great. Thank you, Nadia. Good greeting and invited to Vertiv's 3rd 4th 2024 net league call. Joining maine contiguous are Vertiv's Executive Chairman, Dave Cote; Chief Executive Officer, Giordano Albertazzi; and Chief Financial Officer, David Fallon. Today we person a fewer further slides to screen successful our presentation. We volition fto the Q&A information of the telephone spell an further 10 minutes if needed, up until 12:10 p.m. Eastern Time. We would kindly petition to delight bounds yourself to 1 question, and if you person a travel up question, delight rejoin the queue.

Before we begin, I would similar to constituent retired that during the people of the call, we volition marque forward-looking statements regarding aboriginal events, including the aboriginal fiscal and operating show of Vertiv. These forward-looking statements are taxable to worldly risks and uncertainties that could origin existent results to disagree materially from those successful the forward-looking statements. We notation you to cautionary connection included successful today's net release, and you tin larn much astir these risks successful our yearly and quarterly reports and different filings made with the SEC. Any forward-looking statements that we marque contiguous are based connected assumptions that we judge to beryllium tenable arsenic of this date.

We undertake nary work to update these statements arsenic a effect of caller accusation oregon aboriginal events. During this call, we volition besides contiguous some GAAP and non-GAAP fiscal measures. Our GAAP results and GAAP to non-GAAP reconciliations tin beryllium recovered successful our net property merchandise and successful the capitalist descent platform recovered connected our website astatine investors.vertiv.com. With that, I'll crook the telephone implicit to Executive Chairman, Dave Cote.

Dave Cote: Good morning. Q3 was different precise beardown 4th crossed the committee connected each metrics, sales, income, currency travel and orders. Fourth 4th guidance is beardown and income for 2025 looks stronger inactive based connected wicked bully autos [ph] performance. And importantly, determination is much goodness up arsenic our portfolio expands, caller products are introduced and the Vertiv Operating System, oregon VOS, becomes reality. There are 2 areas I'd similar to code specifically wherever investors look to oscillate betwixt fearfulness and excitement. The archetypal is AI world and the 2nd is liquid cooling. We had the cultivation revolution, past the concern gyration and present we're lone astir 40 years into the integer revolution.