Vertiv Holdings raises FY23 adjusted EPS view to $1.54-$1.64 from $1.22-$1.32

Consensus $1.26. Raises FY23 revenue view to $6.71B-$6.91B from $6.45B-$6B, consensus $6.55B. “These strong results reflect our relentless focus on operational execution, the strength of the ongoing rebound in the Americas and our continued progress in building a high-performance culture of excellence,” said Giordano Albertazzi, Vertiv’s CEO. “The strength of our first half performance led us to raise our full-year financial guidance for 2023. A key focus for us this year has been cash flow, and I am particularly encouraged by the trajectory of this critical metric. While far from our full potential, we are seeing the tangible results of our operational improvement initiatives.”