Vertiv Holdings, LLC Class A Common Stock (VRT)

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.

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Vertiv Holdings Co. (NYSEVRT) on behalf of long-term stockholders following a class action complaint that was filed against Vertiv on March 24, 2022 with a Class Period from April 24, 2021 to February 23, 2022. Our investigation concerns whether the board of directors of Vertiv have breached their fiduciary duties to the company.

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.

Meeting the urgent need for solutions supporting high-density computing in increasingly crowded data center facilities, Vertiv (NYSEVRT), a global provider of critical digital infrastructure and continuity solutions, today introduced Vertiv™ EnergyCore battery cabinets. Factory assembled with LFP (Lithium-Iron-Phosphate) battery modules and Vertiv’s internally-powered battery management system, Vertiv EnergyCore cabinets are available globally and are qualified for use with most current and legacy three-phase Vertiv™ uninterruptible power supply (UPS) systems, including the recently launched Vertiv™ Trinergy™ and Vertiv™ Liebert® APM2. Vertiv EnergyCore will be featured in the Vertiv booth at the Yotta conference and trade show in Las Vegas, Nevada, Oct. 7-9.

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.

CompoSecure announces board changes with David Cote, former CEO of Honeywell, as executive chairman as well as the appointment of five new board members

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.

The market tends to slump at the end of the summer thanks to the September Effect, but Vertiv, Mondelez, and e.l.f. Beauty could buck the trend.

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.