Vertiv Holdings Co. Revises Earnings Guidance for the Fiscal Year 2021
October 27, 2021 at 06:00 am EDT
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Vertiv Holdings Co. revised earnings guidance for the fiscal year 2021. For the full year, the company expected net sales of $4,970 million to $5,030 million compared to previous guidance of $4,880 million to $4,940 million. Organic net sales growth to be in the range of 10.5% to 11.5% compared to previous guidance of 9.5% to 10.5%.
Vertiv Holdings Co. offers digital infrastructure technologies and deployable customized solutions to meet the specific business requirements and needs of a diverse group of customers. Its range of offerings includes alternate current and direct current power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure. These comprehensive offerings are integral to the technologies used for services, such as e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things and online gaming. In addition, through its global services network, the Company provides lifecycle management services, predictive analytics and professional services for deploying, maintaining and optimizing these products and their related systems. Its brands include Vertiv, Liebert, NetSure, Geist, Energy Labs and others.