Vertiv beats by $0.03, misses on revs; guides Q1 EPS below consensus, revs in-line; guides FY24 EPS in-line, revs in-line
6:04 AM ET 2/21/24 | Briefing.com
Reports Q4 (Dec) earnings of $0.56 per share, excluding non-recurring items, $0.03 better than the FactSet Consensus of $0.53; revenues rose 12.7% year/year to $1.87 bln vs the $1.88 bln FactSet Consensus. Co issues guidance for Q1, sees EPS of $0.32-0.36, excluding non-recurring items, vs. $0.37 FactSet Consensus; sees Q1 revs of $1.575-1.625 bln vs. $1.62 bln FactSet Consensus. Co issues in-line guidance for FY24, sees EPS of $2.20-2.26, excluding non-recurring items, vs. $2.24 FactSet Consensus; sees FY24 revs of $7.515-7.655 bln vs. $7.54 bln FactSet Consensus."Vertiv delivered a strong fourth quarter, capping off a year of significant progress built on our unrelenting focus on operational execution, driving a high-performance culture and demonstrating financial strength underpinned by continued robust market demand for Vertiv's innovative products and services," said Giordano Albertazzi, Vertiv's Chief Executive Officer. "This strong performance positions us well for continued momentum in 2024 as we continue to grow, further enhance our operational excellence and build a cultural DNA across the organization to ensure our continued market leadership in a dynamic industry." |
