Reported 2 days ago
Vertiv Holdings Co (NYSE:VRT) has raised its sales guidance for 2025 to $9.2 billion, reflecting a $75 million increase due to strong demand driven by AI. The company reported a remarkable 77% surge in adjusted earnings per share (EPS) for Q4 2024, with organic sales growth of 27%. CEO Giordano Albertazzi emphasized the firm's strategic position at the intersection of AI and digital infrastructure, positioning it well for future growth as investor interest in AI continues despite broader market volatility influenced by recent tariffs on imports.
Source: YAHOO