Articles from Vertiv Holdings Co

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its fourth quarter and full year 2024 results before market open on Wednesday, February 12, 2025. The press release will contain a link to the presentation materials providing a fourth quarter and full year 2024 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced the acquisition by its Chinese subsidiary of certain assets and technologies of BiXin Energy Technology (Suzhou) Co., Ltd (BSE), a manufacturer of chillers, heat pumps, heat-recovery solutions and air-handling units. Focused on expanding the Vertiv chiller family, the acquisition strengthens Vertiv’s portfolio of critical technologies and solutions in support of high-performance compute and AI applications globally. Founded in 2010, BSE brings to Vertiv an established and field-proven presence in the China market and other Asian regions, along with industry patents, advanced technology solutions and strong research and development capabilities that will reinforce Vertiv’s global offering.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the repricing of Vertiv Group Corporation’s, a subsidiary of Vertiv Holdings Co, existing seven-year $2.1 billion Term Loan. The repricing reduces the interest rate on the Term Loan by 25 basis points to Term SOFR + 175 basis points, resulting in interest savings of approximately $5 million per year.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today introduced the Vertiv™ PowerUPS 9000, an energy-efficient, high-power density uninterruptible power supply (UPS) system with a compact footprint. The system is engineered to support IT applications from traditional computing to high density applications. It is available globally in UL and CE models, from 250 to 1250kW per unit.

AI continues to reshape the data center industry, a reality reflected in the projected 2025 data center trends from Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions. Vertiv experts anticipate increased industry innovation and integration to support high-density computing, regulatory scrutiny around AI, as well as increasing focus on sustainability and cybersecurity efforts.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced a significant expansion of its liquid cooling product portfolio with the introduction of two new Vertiv™ CoolChip CDU (coolant distribution unit) systems. These systems enable modular, cost-effective liquid cooling deployments in data centers, making it possible to operate high-density computing for AI alongside traditional air-cooled racks. The new CDUs are on display at the Vertiv booth at SC24, the international conference for high performance computing, networking and storage, from November 19 - 22.

Data center operators face the challenge of supporting rapidly evolving environments in which established IT applications increasingly co-exist alongside the high-density computing being deployed to support AI. Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, and Compass Datacenters, which designs, builds and operates data center campuses for some of the world’s largest technology companies, announced today they have collaborated to develop a first-of-its-kind solution that enables future deployments of AI with the ability to flex between air and liquid cooling to support high-density computing. Vertiv and Compass engineers collaborated on this vision for a future-forward cooling solution, with Vertiv developing and manufacturing the technology solution. The initial units will be deployed at a Compass facility in 1Q 2025 as part of a planned multi-year, multi-billion dollar supply arrangement.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, will host its previously announced Investor Event today in Atlanta beginning at 2:30 p.m. Eastern Time. The Investor Event is being held in conjunction with SC24: International Conference for High Performance Computing, Networking, Storage and Analysis, where Vertiv is exhibiting its latest technology showcase. At the event and in the presentation materials, Vertiv’s management team will update investors on the Company’s vision and strategy, current business and operations, market opportunities and financial performance, including guidance. As previously announced, a webcast of the live event and presentation materials will be accessible in the Investor Relations section of Vertiv’s website at investors.vertiv.com at approximately 2:15 pm Eastern Time, and a replay of Vertiv’s 2024 Investor Event will also be available for 30 days following the webcast.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, announced that it will hold an Investor Event on Monday, November 18, 2024 beginning at 2:30 p.m. Eastern Time. The event will be held in Atlanta, Georgia, in conjunction with SC24: International Conference for High Performance Computing, Networking, Storage and Analysis, where Vertiv will exhibit its latest technology showcase. At the Investor Event, Vertiv’s management team will update investors on the Company’s vision and strategy, current business and operations, market opportunities and financial performance.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that on January 1, 2025, Scott Armul will be promoted to executive vice president, global portfolio and business units, reporting to Vertiv CEO Giordano (Gio) Albertazzi. Armul will focus on driving a growth-oriented global portfolio strategy, as Vertiv continues to expand its offerings to meet evolving industry and customer needs in an increasingly demanding digital economy.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its third quarter ended September 30, 2024. Vertiv reported third quarter 2024 net sales of $2,074 million, an increase of $331 million, or 19%, compared to last year’s third quarter. Organic orders (excluding foreign exchange) for the TTM period ended September 2024 were up ~37% compared to the September 2023 TTM period, consistent with ~37% TTM order growth at the end of second quarter 2024, driven by strength in the hyperscale and colocation data center market. Third quarter organic orders (excluding foreign exchange) increased ~17% compared to last year’s third quarter. Pipeline increased sequentially from second to third quarter 2024 across all three regions, with continued strength in AI-related activity, including liquid cooling technologies.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure, today announced that it is releasing a complete 7MW reference architecture of the NVIDIA GB200 NVL72 platform, co-developed with NVIDIA, that will enable customers to transform traditional data center architectures into AI factories capable of powering AI applications across the enterprise.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its third quarter 2024 results before market open on Wednesday, October 23, 2024. The press release will contain a link to the presentation materials providing a third quarter 2024 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced a significant expansion of the Vertiv™ liquid cooling product portfolio with the introduction of the Vertiv™ CoolPhase CDU liquid-to-refrigerant coolant distribution unit and Vertiv™ CoolChip Fluid Network in-rack manifold. These systems enable modular, cost-effective liquid cooling deployments in data centers that weren’t originally configured for liquid cooling, making it possible to deploy high-density computing for AI alongside traditional air-cooled racks. The new systems are available now in North America.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced a major expansion of its North American manufacturing operations with a new facility in Pelzer, South Carolina. The Vertiv Pelzer facility adds 215,000 square feet (about 20,000 square meters) of manufacturing space and is projected to create up to 300 additional skilled job opportunities at this location.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, has named Frank Poncheri as the new Chief Human Resources Officer (CHRO), reporting to CEO Giordano (Gio) Albertazzi. He will lead HR strategy, development and execution, further reinforcing Vertiv’s strategic priorities and behaviors.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company’s Class A common stock. The cash dividend will be payable on September 26, 2024, to shareholders of record of Class A common stock at the close of business on September 17, 2024.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in the upcoming Goldman Sachs Communacopia + Technology Conference in San Francisco, California.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in the upcoming 10th Annual TD Cowen Communications Infrastructure Summit in Boulder, Colorado.

With demand for AI-ready data center capacity outstripping supply, developers and operators are focused on bringing new capacity online as quickly as possible. To support this goal, Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today launched the Vertiv™ MegaMod™ CoolChip, a liquid cooling-equipped prefabricated modular (PFM) data center solution engineered to enable efficient and reliable AI computing. The solution can be configured to support the platforms of leading AI compute providers and scaled to customer requirements. By bringing together the quality and process efficiency enabled by offsite fabrication with best-in-class AI-ready technologies, MegaMod™ CoolChip can reduce the time to deploy AI critical digital infrastructure by up to 50%.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its second quarter ended June 30, 2024. Vertiv reported second quarter 2024 net sales of $1,953 million, an increase of $219 million, or 13%, compared to last year’s second quarter. Organic orders (excluding foreign exchange) increased 57% from last year’s second quarter and the book-to-bill ratio was 1.4x in the second quarter. Orders for the trailing twelve-month period ended June 30, 2024 were up 37% compared to the prior trailing twelve-month period, demonstrating a strong market.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its second quarter 2024 results before market open on Wednesday, July 24, 2024. The press release will contain a link to the presentation materials providing a second quarter 2024 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, is hosting its invitation-only Technology Fair for Vertiv engineers this week, an innovation event to encourage collaboration and creativity for future data centers, and to recognize and reward the efforts of the more than 400 attending Vertiv engineers that represent a subset of Vertiv’s larger global engineering team. This group includes many recent and repeat Vertiv patent holders. Previous Vertiv Technology Fair events have resulted in brainstorming on topics and ideas that led to process efficiency changes, design modifications, new products, and other business outcomes.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the repricing of Vertiv Group Corporation’s, a subsidiary of Vertiv Holdings Co, existing seven-year $2.1 billion Term Loan. The repricing reduces the interest on the Term Loan by approximately 61 basis points to Term SOFR + 200 basis points, resulting in interest savings of approximately $13 million per year.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company’s Class A common stock. The cash dividend will be payable on June 26, 2024, to shareholders of record of Class A common stock at the close of business on June 17, 2024.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today released its 2023 Responsible Business Report, which details progress in focus areas, and introduces the company’s “One Vertiv, One World” plan for advancing the principles of environmental stewardship, fostering a safe, inclusive, and engaged workplace, and conducting business in a responsible way.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, will present its latest innovations at Datacloud Global Congress, the premier leadership gathering for senior executives in the information and communication technologies (ICT) space, on June 4-6 in Cannes, France.

While artificial intelligence (AI) use cases are growing at an unprecedented rate, expert information is scarce for pioneering data centers. Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, recognizes this knowledge gap and the urgency of accessing this information, leading to the launch of their AI Hub. Partners, customers, and other website visitors will have access to expert information, reference designs and resources to successfully plan their AI-ready infrastructure.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in two upcoming investor conferences in May.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its first quarter ended March 31, 2024. Vertiv reported first quarter 2024 net sales of $1,639 million, an increase of $118 million, or 8%, compared to last year’s first quarter. The book-to-bill ratio was 1.5x in the first quarter and organic orders (excluding foreign exchange) increased 60% from last year’s first quarter as underlying market demand remains strong, benefiting from AI deployments, including liquid cooling technologies, that are ramping up.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its first quarter 2024 results before market open on Wednesday, April 24, 2024. The press release will contain a link to the presentation materials providing a first quarter 2024 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

As Artificial Intelligence (AI) and High-Performance Compute (HPC) continue to disrupt the data center landscape, Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced a new portfolio of high-density data center infrastructure solutions to support the higher cooling and power requirements of the accelerated computing IT stack. The new Vertiv™ 360AI solutions are designed to accelerate AI adoption through pre-engineered infrastructure solutions, digitized management, and end-to-end service, resulting in up to 2x faster deployment compared to typical infrastructure installation.

Vertiv (NYSEVRT), a global leader in critical infrastructure and continuity solutions, is now a Solution Advisor: Consultant partner in the NVIDIA Partner Network (NPN), providing wider access to Vertiv’s experience and full portfolio of power and cooling solutions.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of the company’s Class A common stock. The cash dividend will be payable on March 28, 2024, to shareholders of record of Class A common stock at the close of business on March 19, 2024.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in the upcoming J.P. Morgan Industrials Conference in New York City.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its fourth quarter and full year ended December 31, 2023. Vertiv reported fourth quarter 2023 net sales of $1,865 million, an increase of $211 million, or 13%, compared to fourth quarter 2022 and a 12% organic net sales(1) increase, which excludes the impact of foreign currency. The book-to-bill ratio was 1.3x in the fourth quarter and organic orders increased 23% from last year’s fourth quarter, as underlying market demand remained strong.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its fourth quarter and full year 2023 results before market open on Wednesday, February 21, 2024. The press release will contain a link to the presentation materials providing a fourth quarter and full year 2023 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the repricing of Vertiv Group Corporation’s, a subsidiary of Vertiv Holdings Co, existing seven-year $2.1 billion Term Loan. The repricing reduces the interest on the Term Loan by 25 basis points to Term SOFR + 250 basis points, resulting in interest savings of approximately $5.3 million per year.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that subsidiaries of the company have entered into a definitive agreement to acquire all of the shares of CoolTera Ltd. (CoolTera), a provider of coolant distribution infrastructure for data center liquid cooling technology and certain assets, including certain contracts, patents, trademarks, and intellectual property from an affiliate of CoolTera.

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Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, will host its previously announced Investor Conference today at the New York Stock Exchange from 10 a.m. to 3 p.m. Eastern Time. Vertiv’s management team will update investors on the Company’s vision and strategy, current business and operations, accelerated growth opportunities and financial performance. A webcast of the live event and presentation materials can be accessed in the Investor Relations section of Vertiv’s website at investors.vertiv.com. A replay of Vertiv’s 2023 Investor Conference will also be available for 30 days following the webcast and can be accessed at investors.vertiv.com.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, announced that it will hold an Investor Conference on Wednesday, November 29, 2023 from 10 a.m. to 3 p.m. Eastern Time. At the event, Vertiv’s management team will update investors on the Company’s vision and strategy, current business and operations, accelerated growth opportunities and financial performance.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its third quarter ended September 30, 2023. Vertiv reported third quarter net sales of $1,743 million, an increase of $262 million, or 18%, compared with last year’s third quarter and a 17% organic net sales increase, which excludes the impact of foreign currency. Foreign currency positively impacted third quarter sales by approximately $6 million as compared to third quarter last year. Orders increased 11% (excluding foreign exchange), as underlying market demand remained strong, and the book-to-bill ratio was 1.1x for third quarter 2023.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its third quarter 2023 results before market open on Wednesday, October 25, 2023. The press release will contain a link to the presentation materials providing a third quarter 2023 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv Holdings Co (“Vertiv”) (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced the pricing of the previously announced underwritten secondary offering of 20,000,000 shares of Vertiv’s Class A common stock by VPE Holdings, LLC (“Platinum”), an affiliate of Platinum Equity, LLC, pursuant to an effective registration statement on file with the Securities and Exchange Commission (the “SEC”) and Platinum’s registration rights agreement with Vertiv.

Vertiv Holdings Co (“Vertiv”) (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced the commencement of an underwritten secondary offering of up to 20,000,000 shares of Vertiv’s Class A common stock by VPE Holdings, LLC (“Platinum”), an affiliate of Platinum Equity, LLC, pursuant to an effective registration statement on file with the Securities and Exchange Commission (the “SEC”) and Platinum’s registration rights agreement with Vertiv.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its second quarter ended June 30, 2023. Vertiv reported second quarter net sales of $1,734 million, an increase of $335 million, or 24%, compared with last year’s second quarter and a 25% organic net sales increase, which excludes the impact of foreign currency. Foreign currency negatively impacted second quarter sales by approximately $18 million as compared to second quarter last year. Orders declined 3% (excluding foreign exchange), which was better than anticipated, signifying end-market strength which helped offset continuing impacts from order normalization and lead time improvements. The book-to-bill ratio was 1.0x for second quarter 2023, with orders showing resiliency despite higher shipment volumes driven by operational efficiency and more favorable supply chain dynamics.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its second quarter 2023 results before market open on Wednesday, August 2, 2023. The press release will contain a link to the presentation materials providing a second quarter 2023 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today released its second annual report on the company’s environmental, social and governance (ESG) efforts, highlighting initiatives across several key areas.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions today announced that Anand Sanghi has been appointed President, Americas effective July 1, 2023. Sanghi currently serves as President, Australia, New Zealand, Southeast Asia and India (ASI) and will continue to serve in this role until the end of June. As President, Americas, Sanghi will have responsibility for the Americas business, leveraging his success in Asia Pacific and vast experience in technology and engineering to further enhance the performance of Vertiv’s Americas region. With 29 years across Emerson and Vertiv, Sanghi brings with him extensive industry knowledge and a proven track record of driving top- and bottom-line growth as well as expanding Vertiv's manufacturing footprint in ASI. In connection with Sanghi’s appointment to the President, Americas role, Giordano Albertazzi, the Company’s Chief Executive Officer and current President, Americas will step down from the President, Americas role. Albertazzi will remain the Company’s Chief Executive Officer and a director on the Company’s Board of Directors.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in two upcoming investor conferences in May and June.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its first quarter ended March 31, 2023. Vertiv reported first quarter net sales of $1,521 million, an increase of $365 million, or 32%, compared with last year’s first quarter and a 35% organic net sales increase(1), which excludes the impact of foreign currency. Foreign currency negatively impacted first quarter sales by approximately $40 million as compared to first quarter last year. Consistent with expectations, order normalization continued in first quarter – a healthy reflection of supply chain improvement and industry lead time reduction – and contributed to orders declining 23% (excluding foreign exchange) from the first quarter of 2022. The book-to-bill ratio was 1.0x for first quarter 2023.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its first quarter 2023 results before market open on Wednesday, April 26, 2023. The press release will contain a link to the presentation materials providing a first quarter 2023 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its fourth quarter ended December 31, 2022. Vertiv reported fourth quarter net sales of $1,655 million, an increase of $244 million, or 17.3%, compared with last year’s fourth quarter and a 22.0% organic net sales increase(1), which excludes the impact of foreign currency, acquisitions and divestitures. Foreign currency negatively impacted fourth quarter sales by approximately $90 million from last year’s fourth quarter. As anticipated, due to a very challenging comparison, orders adjusted for foreign exchange declined 15% in fourth quarter versus the prior year quarter and increased 7% sequentially compared to third quarter 2022 – signifying that our end markets remain healthy as the absolute value of orders booked remains high. Backlog at the end of 2022 was $4.8 billion, an increase of 49% from the end of 2021.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in two upcoming investor conferences in February and March.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its fourth quarter and full year 2022 results before market open on Wednesday, February 22, 2023. The press release will contain a link to the presentation materials providing a fourth quarter and full year 2022 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that on January 1, 2023, Giordano Albertazzi assumed the role of CEO, and was appointed to the Board of Directors.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared the company’s annual cash dividend of $0.01 per share of the company’s Class A common stock. The cash dividend will be payable on December 15, 2022, to shareholders of record of Class A common stock at the close of business on November 30, 2022.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in the Deutsche Bank 2022 Industrials Conference.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its third quarter ended September 30, 2022. Vertiv reported third quarter net sales of $1,481 million, an increase of $252 million, or 20.5%, compared with last year’s third quarter and a 20.1% organic net sales increase excluding the impact of foreign currency, acquisitions and divestitures. Foreign currency negatively impacted third quarter sales by approximately $86 million. Orders remain at very high levels but the comparison to prior year periods will continue to be difficult over the next several quarters (order growth was +51% in fourth quarter 2021 and +34% in first quarter 2022). Market demand remains strong, as demonstrated by the absolute value of orders booked, and we anticipate this trend continuing. Backlog at the end of September 2022 was $4.7 billion, an increase of 46%, from the end of 2021.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its third quarter 2022 results before market open on Wednesday, October 26, 2022. The press release will contain a link to the presentation materials providing a third quarter 2022 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that Rob Johnson, Chief Executive Officer, will retire from his position as CEO for health reasons effective December 31, 2022. Effective immediately, Giordano Albertazzi, currently President, Americas, has been appointed into the additional role of Chief Operating Officer. Further, Albertazzi will succeed Johnson as CEO and as a Director on the Board of Directors on January 1, 2023.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in the Evercore ISI 2nd Annual Technology Conference.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced the appointment of Jakki Haussler to its Board of Directors. Ms. Haussler will serve on the Audit Committee of the Board.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its second quarter ended June 30, 2022. Vertiv reported second quarter net sales of $1,399 million, an increase of $139 million, or 11.0%, compared with last year’s second quarter and a 7.9% organic net sales increase excluding the impact of foreign currency, acquisitions and divestitures. Foreign currency negatively impacted second quarter sales by approximately $60 million. Americas net sales increased 14.6% and were up 6.6% organically, driven primarily by price realization. APAC net sales increased 2.3% and were up 5.9% organically, primarily driven by price realization and volume increases outside of China. China volume was down slightly in the second quarter due to COVID-19 lockdowns but is anticipated to return to growth in third quarter 2022 and had double-digit growth in the month of June. EMEA net sales increased 16.0% and were up 13.3% organically, driven equally by volume and price realization. Vertiv’s second quarter orders increased 17% compared to the prior year quarter, with 11% from higher volume and 10% from pricing, partially offset by a 4% foreign exchange headwind. Backlog remained strong with another record quarter end of $4.4 billion at the end of June, increasing 39% from the end of 2021.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its second quarter 2022 results before market open on Wednesday, August 3, 2022. The press release will contain a link to the presentation materials providing a second quarter 2022 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today released its inaugural environmental, social and governance (ESG) report, the company’s first public report of its ESG activities.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced its participation in investor conferences in May and June:

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that Rob Johnson, Chief Executive Officer, David Fallon, Chief Financial Officer, and Gary Niederpruem, Chief Strategy and Development Officer, will be presenting at the Goldman Sachs Industrials and Materials Conference on Wednesday, May 11, at 1 p.m. Eastern Time.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its first quarter ended March 31, 2022. Vertiv reported first quarter net sales of $1,156 million, an increase of $58 million, or 5.3%, compared with last year’s first quarter and a 0.4% organic net sales increase excluding the impact of acquisitions, divestitures, and foreign currency. Americas net sales increased 6.7% and were up 3.3% organically, driven primarily by price realization. APAC net sales declined 6.9% and were down 6.7% organically, primarily driven by lower sales of wind power products due to timing of certain government subsidies, as well as COVID-19 lockdowns in China. EMEA net sales increased 20.5% and were up 5.1% organically, driven primarily by price realization. First quarter orders were up 34% compared to the prior year quarter and backlog reached another record level of $4.1 billion at the end of March 2022, increasing 29% from the end of 2021.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its first quarter 2022 results before market open on Wednesday, April 27, 2022. The press release will contain a link to the presentation materials providing a first quarter 2022 update, which will be available on Vertiv’s website at investors.vertiv.com. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that Giordano Albertazzi has been appointed President, Americas. Albertazzi most recently served as President, Europe, Middle East and Africa (EMEA), a role that will be assumed by Karsten Winther, currently vice president of sales in EMEA. As President Americas, Albertazzi will have responsibility for the Americas business, leveraging his experience and successes in EMEA to elevate the strategic and financial performance of the Americas region.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its fourth quarter and full year ended December 31, 2021. Vertiv reported fourth quarter net sales of $1,411 million, an increase of $105 million, or 8.0%, compared with last year’s fourth quarter and a 3.9% organic sales increase excluding the impact of acquisitions and foreign currency. EMEA net sales increased 20.0% and were up 10.5% organically, driven by large colocation data center activity and telecom providers investing in capacity expansions. APAC net sales increased 3.8% and were up 2.6% organically, with strong sales in China and India offset by lower sales of wind power products due to the expiration of government subsidies, as well as COVID-19 lockdowns in Southeast Asia. Americas net sales increased 4.8% and were up 1.3% organically, with strong services growth offset by significant supply chain disruptions for manufactured products. Vertiv’s fourth quarter orders increased 51.2% compared with the prior year quarter, benefiting from large project orders from colocation data center customers. Backlog reached another record level of $3.2 billion at the end of December 2021, increasing 73% from the end of 2020.

Vertiv Holdings Co (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced it will report its fourth quarter and full year 2021 results before market open on Wednesday, February 23, 2022. Vertiv’s management team will discuss the results during a conference call the same day, starting at 11 a.m. Eastern Time.

Vertiv Holdings Co (“Vertiv”) (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today announced that it has entered into an agreement with VPE Holdings, LLC, an affiliate of Platinum Equity, LLC, to amend the Tax Receivable Agreement (“TRA”) the company entered into with VPE Holdings, in connection with its business combination in February 2020 and to satisfy and extinguish all outstanding remaining obligations thereunder. Vertiv will make payments totaling $100 million to VPE Holdings, with half to be paid by June 15, 2022, and the other half by September 15, 2022, at which time all further obligations under the Tax Receivable Agreement will terminate.