This morning we've got some excellent results from Vertiv Holdings. That's the maker of specialized power and cooling equipment for the data center, which has been a phenomenal winner over the past few years. The company reported numbers that came in well ahead of expectations, and nearly every line sales up 35% year over year. $0.12 earnings beat off an $0.83 basis. Even better, Vertiv issued a strong outlook for the current quarter and raised its full year forecast. Its very strong backlog, too. However, after being up nearly $11 at one point today. That's an 8% in early trading. The stock gave back essentially all those gains throughout the course of today's trading session. But like I said at the top of the day. What of the show? What mattered is the fed and that somehow interfered even with this great company. I'm not too worried because this feels like a normal profit taking day in a stock that, at its highs, was up 186% from its post Liberation Day lows. But still, let's take a closer look with Joe Albertazzi. Joe is the CEO of Vertiv Holdings and it's great to have you back. Gio, welcome to Mad Money.
All right. So Gio, I mean, we've got some of these just jump out. Net sales up 35%. Organic orders up 15% year over year and up 11% sequentially. Robust backlog $8.5 billion. Tell us about some of the factors powering what I regard as incredible sales momentum.
Yeah, it's certainly a very strong quarter and a very strong trajectory. And there are two factors. We're serving an industry that is very strong. And you've been vocal about the industry. The data center AI as a very strong long term secular trend. And it is really happening. And we have a great portfolio. We continue to expand our portfolio. And in this market we're taking also market share. We're growing more than the market as we promised to our investors already when we had our Investor Day in 23 and in 24. So it's happening.
Well, I thought it was very interesting. I know Dave Cody starts your call. Dave, we know from previously from Honeywell in the digital revolution. He says that's got a long way to go. And data centers remain fundamental to all of it. So you guys fit right smack in the middle. And yet at the same time, I was trying to understand something you were talking about. And I don't mean to say that I'm ignorant, but you're talking about where you sit exactly in between a lot of different situations. And I need you to describe it, because I know you think it's incredibly important to say where you are in the food chain. Strengthen data center, gray space and white space.
Yeah, absolutely. So you opened up the conversation talking about our power and thermal portfolio offering strength. That's what we do. And that's what we've done historically. So if you think about the data center there is a big power infrastructure. There is a big cooling infrastructure. And it all to power the IT stack. Think about a big facility that supports the IT stack. But the interesting thing is that as the power density increases and we know that power density from rack is going from a traditional ten kilowatt per rack all the way to north of half a megawatt per rack. Well, then that it part that we call in the industry the white space. It's becoming so dense that the power, liquid cooling, the power and the liquid cooling and the cooling become one thing almost with it. So there is that sharing the same space, and that makes the white space that for us was a little bit remote in the past, an area where we play and not only where we play without cooling and power technology, but where we make the difference in terms of enabling our customers to really utilize the new and future technology that is increasingly high density. Thinking about the future and the new GPU technology, the GB 300 and then the future, even more powerful GPU technology. Well, that is happening. White space is becoming more important for us and we play a bigger role.
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Albertazzi, G. (2025, July 30). Vertiv Holding CEO Giordano Albertazzi: CoreWeave is an important partner for us [Interview transcript]. CNBC Television. CEOInterviews.AI. https://ceointerviews.ai/interview/1148939/
MLA
Giordano Albertazzi. "Vertiv Holding CEO Giordano Albertazzi: CoreWeave is an important partner for us." CNBC Television, 30 Jul. 2025. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1148939/.
BibTeX
@misc{albertazzi2025_1148939,
author = {Giordano Albertazzi},
title = {Vertiv Holding CEO Giordano Albertazzi: CoreWeave is an important partner for us},
howpublished = {Interview transcript, CNBC Television. CEOInterviews.AI},
year = {2025},
month = {jul},
url = {https://ceointerviews.ai/interview/1148939/},
note = {Speaker-attributed transcript with timestamps}
}
