Consensus $1.61. Raises FY23 revenue view to $6.83B-$6.85B, consensus $6.82B. Sees FY23 organic net sales up 20.9%-21.4%. Sees FY23 adjusted operating profit $1.02B-$1.03B. Sees FY23 adjusted operating profit margin 14.6%-15.4%. Sees FY23 adjusted free cash flow $600M-$650M. Dave Cote, Vertiv’s executive chairman, added: “Vertiv’s positive momentum continues as Gio and his team deliver another quarter of improved performance, profitability and adjusted free cash flow through an unrelenting focus on operational improvement, a high-performing culture and exceptional customer service. Combine this with favorable market trends underpinning strong long-term market demand and I am more confident than ever in the future of Vertiv and its potential for long-term value creation.”
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