VRT Vertiv (VRT) Q1 FY25 earnings call
Vertiv delivered a strong Q1 FY25, marked by robust organic sales growth and significant order intake, leading to an expanded backlog. The company raised its full-year sales guidance, demonstrating confidence in market demand, particularly from data centers and AI infrastructure. While navigating a fluid tariff environment with a comprehensive mitigation strategy, Vertiv maintains its profitability targets and strong free cash flow generation, reinforcing its market position and operational resilience.
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VRT operating KPIs by quarter
| KPI | This call Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Change vs prior quarter |
|---|---|---|---|---|---|
| Book-to-bill ratio | 1.4 ratioBook-to-bill was a convincing 1.4x in Q1.Source: earnings call transcript | 1.2 ratioOur Q2 book-to-bill ratio of 1.2x is particularly encouraging.Source: earnings call transcript | 1.4 ratioParticularly encouraging is the 1.4x book-to-bill ratio in Q3.Source: earnings call transcript | 2.9 ratioOur book-to-bill ratio was 2.9x.Source: earnings call transcript | +107.1% |
| Backlog | $7.9BOur backlog expanded further and expands strong at $7.9 billion, up $1.6 billion year-over-year.Source: earnings call transcript | $8.5BOur backlog stands strong at $8.5 billion, up 21% versus prior year and 7% sequentially from Q1, supporting our increased guidance for the year.Source: earnings call transcript | $9.5BOur total backlog now stands at $9.5 billion, up about 30% year-on-year and 12% sequentially.Source: earnings call transcript | $15BOur backlog stands at $15 billion, more than double last year's.Source: earnings call transcript | +57.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.