← Filings of VRT
Tables in the 10-Q of Vertiv Holdings Co
46 tables with numbers, filed Oct 28, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| UNITED STATES | | | |
| SECURITIES AND EXCHANGE COMMISSION | | | |
| Washington, D. C. 20549 | | | |
| FORM 10-Q | | | |
| ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | |
| For the Quarterly period ended September 30, 2026 | | | |
| | or | |
| ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | |
First 8 of 17 rows. The CSV has all of them.
Table 2 after “shares of the Company’s Class A common stock, par value $0.0001, outstanding.”
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| TABLE OF CONTENTS | | | |
| | | Page |
| Part I - Financial Information | | | |
| Item 1. | Financial Statements (Unaudited) | 2 | |
| Condensed Consolidated Statements of Earnings (Loss) | 2 | |
| Condensed Consolidated Statements of Comprehensive Income (Loss) | 3 | |
| Condensed Consolidated Balance Sheets | 4 | |
| Condensed Consolidated Statements of Cash Flows | 5 | |
First 8 of 22 rows. The CSV has all of them.
Table 3 after “(Dollars in millions except for per share data)”
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| Three months ended September 30, 2026 | Three months ended September 30, 2025 | | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | | |
| Net sales | | | | | | | |
| Net sales - products | $3,637.1 | | $2,214.4 | | $8,419.6 | | $6,030.1 |
| Net sales - services | 675.7 | | 461.4 | | 1,817.0 | | 1,319.8 |
| Net sales | 4,312.8 | | 2,675.8 | | 10,236.6 | | 7,349.9 |
| Costs and expenses | | | | | | | |
| Cost of sales - products | 2,291.5 | | 1,398.4 | | 5,307.7 | | 3,980.8 |
| Cost of sales - services | 377.9 | | 266.7 | | 1,050.9 | | 775.3 |
First 8 of 28 rows. The CSV has all of them.
| Three months ended September 30, 2026 | Three months ended September 30, 2025 | | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | |
| Net income (loss) | $764.5 | | $398.5 | | $1,652.4 | $887.2 |
| Other comprehensive income (loss), net of tax: | | | | | | |
| Foreign currency translation | (4.3) | | (23.1) | | (36.4) | 170.8 |
| Interest rate swaps | — | | (5.3) | | (47.2) | (21.6) |
| Pension | — | | (0.4) | | (0.5) | (0.2) |
| Foreign currency exchange forwards | (11.9) | | 2.8 | | (15.5) | 19.0 |
| Other comprehensive income (loss), net of tax: | (16.2) | | (26.0) | | (99.6) | 168.0 |
First 8 of 9 rows. The CSV has all of them.
| September 30, 2026 | December 31, 2025 | |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $3,512.9 | | $1,728.4 |
| Short-term investments | 198.8 | | 99.5 |
| Accounts receivable, less allowances of $28.0 and $25.6, respectively | 4,379.7 | | 3,109.0 |
| Inventories | 3,288.4 | | 1,456.5 |
| Other current assets | 743.5 | | 426.1 |
First 8 of 39 rows. The CSV has all of them.
| Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | |
| Cash flows from operating activities: | | | |
| Net income (loss) | $1,652.4 | | $887.2 |
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | | | |
| Depreciation | 106.7 | | 70.9 |
| Amortization | 224.7 | | 149.4 |
| Deferred income taxes | (10.0) | | 92.2 |
| Amortization of debt discount and issuance costs | 3.8 | | 5.3 |
First 8 of 42 rows. The CSV has all of them.
| Common Share Capital | | | | | | | | | |
| Shares | Amount | | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Total | | |
| Balance at December 31, 2025 | 382,553,680 | | $— | | $2,895.2 | | $1,027.9 | | $18.2 | $3,941.3 |
| Net income (loss) | — | | — | | — | | 390.1 | | — | 390.1 |
| Exercise of employee stock options | 1,268,993 | | — | | 23.5 | | — | | — | 23.5 |
| Stock-based compensation activity, net of shares withheld for tax(1) | 114,813 | | — | | 5.4 | | — | | — | 5.4 |
| Employee 401K match with Vertiv stock | 16,625 | | — | | 2.9 | | — | | — | 2.9 |
| Dividend | — | | — | | — | | (23.9) | | — | (23.9) |
First 8 of 24 rows. The CSV has all of them.
| Common Share Capital | | | | | | | | | | | | |
| Shares | Amount | | Additional Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Total | | | | |
| Balance at December 31, 2024 | 380,703,974 | | $— | | | $2,821.4 | | $(238.3) | | | $(148.8) | | $2,434.3 |
| Net income (loss) | — | | — | | | | 164.5 | | | — | | 164.5 | |
| Exercise of employee stock options | 109,017 | | — | | | 1.3 | | — | | | — | | 1.3 |
| Stock-based compensation activity, net of withholding for tax(1) | 169,340 | | — | | | 4.5 | | — | | | — | | 4.5 |
| Employee 401K match with Vertiv stock | 18,813 | | — | | | 2.4 | | — | | | — | | 2.4 |
| Dividend | — | | — | | | — | | (14.2) | | | — | | (14.2) |
First 8 of 24 rows. The CSV has all of them.
Table 9 after “The following is the preliminary purchase price allocation of assets acquired and liabilities assumed as of the Acquisition date and related”
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| Preliminary Allocation | Adjustments | | Adjusted Preliminary Allocation | |
| Accounts receivable | $69.5 | | $— | | $69.5 |
| Other current assets | 7.2 | | — | | 7.2 |
| Property, plant and equipment | 150.0 | | — | | 150.0 |
| Goodwill | 588.4 | | 0.9 | | 589.3 |
| Other intangible assets | 445.2 | | — | | 445.2 |
| Right-of-use assets, net | 3.5 | | — | | 3.5 |
| Accounts payable | 11.3 | | — | | 11.3 |
First 8 of 13 rows. The CSV has all of them.
Table 10 after “The following table represents the definite lived intangible assets acquired, the preliminary fair values and respective useful lives:”
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| Useful Life | Preliminary Fair Value |
| Customer relationships | 9.5 | $372.6 |
| Trademarks | 8.0 | 39.8 |
| Other | 0.5 | 32.3 |
| Capitalized software | 5.0 | 0.5 |
| Total intangible assets | | $445.2 |
Table 11 after “The following table disaggregates revenue by business segment, product and service offering and timing of transfer of control:”
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| Three months ended September 30, 2026 | | | | | |
| Americas | Asia Pacific | | Europe, Middle East & Africa | Total | |
| Sales by Product and Service Offering: | | | | | | |
| Products | $2,525.8 | | $626.7 | | $441.3 | $3,593.8 |
| Services & spares | 463.0 | | 152.6 | | 103.4 | 719.0 |
| Total | $2,988.8 | | $779.3 | | $544.7 | $4,312.8 |
| Timing of Revenue Recognition: | | | | | | |
| Products and services transferred at a point in time | $2,566.9 | | $628.8 | | $337.2 | $3,532.9 |
First 8 of 10 rows. The CSV has all of them.
| Three months ended September 30, 2025 | | | | | |
| Americas | Asia Pacific | | Europe, Middle East & Africa | Total | |
| Sales by Product and Service Offering: | | | | | | |
| Products | $1,426.6 | | $392.7 | | $348.3 | $2,167.6 |
| Services & spares | 285.8 | | 127.1 | | 95.3 | 508.2 |
| Total | $1,712.4 | | $519.8 | | $443.6 | $2,675.8 |
| Timing of Revenue Recognition: | | | | | | |
| Products and services transferred at a point in time | $1,456.9 | | $394.4 | | $275.7 | $2,127.0 |
First 8 of 10 rows. The CSV has all of them.
| Nine months ended September 30, 2026 | | | | | |
| Americas | Asia Pacific | | Europe, Middle East & Africa | Total | |
| Sales by Product and Service Offering: | | | | | | |
| Products | $5,667.8 | | $1,570.2 | | $1,053.4 | $8,291.4 |
| Services & spares | 1,206.2 | | 442.7 | | 296.3 | 1,945.2 |
| Total | $6,874.0 | | $2,012.9 | | $1,349.7 | $10,236.6 |
| Timing of Revenue Recognition: | | | | | | |
| Products and services transferred at a point in time | $5,776.2 | | $1,575.7 | | $794.7 | $8,146.6 |
First 8 of 10 rows. The CSV has all of them.
| Nine months ended September 30, 2025 | | | | | |
| Americas | Asia Pacific | | Europe, Middle East & Africa | Total | |
| Sales by Product and Service Offering: | | | | | | |
| Products | $3,705.7 | | $1,150.5 | | $1,041.4 | $5,897.6 |
| Services & spares | 794.3 | | 376.7 | | 281.3 | 1,452.3 |
| Total | $4,500.0 | | $1,527.2 | | $1,322.7 | $7,349.9 |
| Timing of Revenue Recognition: | | | | | | |
| Products and services transferred at a point in time | $3,787.0 | | $1,155.7 | | $810.5 | $5,753.2 |
First 8 of 10 rows. The CSV has all of them.
Table 15 after “The opening and closing balances of current and long-term deferred revenue as of September 30, 2026 and December 31, 2025 were as follows:”
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| Balances at September 30, 2026 | Balances atDecember 31, 2025 | |
| Deferred revenue - current | $4,120.5 | | $1,814.7 |
| Deferred revenue - noncurrent(1) | 125.2 | | 107.6 |
Table 16 after “Restructuring costs by business segment were as follows:”
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| Three months ended September 30, 2026 | Three months ended September 30, 2025 | | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | |
| Americas | $0.1 | | $— | | $0.2 | $0.7 |
| Asia Pacific | — | | — | | — | 0.9 |
| Europe, Middle East & Africa(1) | — | | — | | (5.0) | 0.9 |
| Corporate(2) | 0.1 | | 30.7 | | (3.8) | 31.2 |
| Total | $0.2 | | $30.7 | | $(8.6) | $33.7 |
Table 17 after “The change in the current liability for the restructuring costs during the nine months ended September 30, 2026 were as follows:”
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| December 31, 2025 | Paid/Utilized | | Expense | September 30, 2026 | |
| Severance and benefits | $44.1 | | $(18.2) | | $(8.7) | $17.2 |
| Plant closing and other | 0.1 | | (0.2) | | 0.1 | — |
| Total | $44.2 | | $(18.4) | | $(8.6) | $17.2 |
Table 18 after “The change in the current liability for the restructuring costs during the nine months ended September 30, 2025 were as follows:”
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| December 31, 2024 | Paid/Utilized | | Expense | September 30, 2025 | |
| Severance and benefits | $10.3 | | $(8.7) | | $32.4 | $34.0 |
| Plant closing and other | 0.1 | | (2.5) | | 1.3 | (1.1) |
| Total | $10.4 | | $(11.2) | | $33.7 | $32.9 |
Table 19 after “Long-term debt, net, consisted of the following as of September 30, 2026 and December 31, 2025:”
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| September 30, 2026 | December 31, 2025 | |
| Term Loan due 2032 at 5.61% at December 31, 2025 | $— | | $2,076.1 |
| Senior Secured Notes due 2028 at 4.125% at both September 30, 2026 and December 31, 2025 | 850.0 | | 850.0 |
| Senior Notes due 2036 at 4.850% at September 30, 2026 | 600.0 | | — |
| Senior Notes due 2046 at 5.650% at September 30, 2026 | 500.0 | | — |
| Senior Notes due 2056 at 5.800% at September 30, 2026 | 500.0 | | — |
| Senior Notes due 2066 at 5.950% at September 30, 2026 | 500.0 | | — |
| 0.55% to 4.64% notes (maturities ranging from 2026 to 2030) | 5.2 | | — |
First 8 of 12 rows. The CSV has all of them.
Table 20 after “(8) OTHER FINANCIAL INFORMATION”
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| September 30, 2026 | December 31, 2025 | |
| Reconciliation of cash, cash equivalents and restricted cash | | | |
| Cash and cash equivalents | $3,512.9 | | $1,728.4 |
| Restricted cash included in other current assets | 70.3 | | 61.4 |
| Total cash, cash equivalents and restricted cash | $3,583.2 | | $1,789.8 |
Table 21 after “(8) OTHER FINANCIAL INFORMATION”
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| September 30, 2026 | December 31, 2025 | |
| Inventories | | | |
| Finished products | $1,224.7 | | $555.4 |
| Raw materials | 1,658.1 | | 680.6 |
| Work in process | 405.6 | | 220.5 |
| Total inventories | $3,288.4 | | $1,456.5 |
Table 22 after “(8) OTHER FINANCIAL INFORMATION”
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| September 30, 2026 | December 31, 2025 | |
| Property, plant and equipment, net(1) | | | |
| Machinery and equipment | $1,163.2 | | $874.1 |
| Buildings | 455.2 | | 408.7 |
| Land | 44.8 | | 42.1 |
| Construction in progress | 281.6 | | 123.3 |
| Property, plant and equipment, at cost | 1,944.8 | | 1,448.2 |
| Less: accumulated depreciation | (620.2) | | (526.4) |
First 8 of 9 rows. The CSV has all of them.
| September 30, 2026 | December 31, 2025 | |
| Accrued expenses and other liabilities | | | |
| Accrued payroll and other employee compensation | $219.2 | | $173.2 |
| Contingent consideration liability (see Note 3) | 239.6 | | — |
| Restructuring (see Note 5) | 17.2 | | 44.2 |
| Operating lease liabilities | 88.7 | | 69.7 |
| Product warranty | 57.2 | | 43.2 |
| Other | 574.4 | | 441.3 |
First 8 of 9 rows. The CSV has all of them.
Table 24 after “A summary of the Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows:”
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| | As of September 30, 2026 | | | | | |
| Balance Sheet Location | Total | Quoted prices in active markets for identical assets (Level 1) | | Other observable inputs (Level 2) | Unobservable inputs (Level 3) | |
| Assets: | | | | | | | |
| Cash | Cash and cash equivalents | $3,512.9 | | $3,512.9 | | $— | $— |
| Economic hedges | Other current assets | 19.1 | | — | | 19.1 | — |
| Total assets | | $3,532.0 | | $3,512.9 | | $19.1 | $— |
| Liabilities: | | | | | | | |
| Foreign currency exchange forwards | Accrued expenses and other liabilities | $6.0 | | $— | | $6.0 | $— |
First 8 of 11 rows. The CSV has all of them.
| | As of December 31, 2025 | | | | | |
| Balance Sheet Location | Total | Quoted prices in active markets for identical assets (Level 1) | | Other observable inputs (Level 2) | Unobservable inputs (Level 3) | |
| Assets: | | | | | | | |
| Cash | Cash and cash equivalents | $1,728.4 | | $1,728.4 | | $— | $— |
| Interest rate swaps | Other current assets | 23.4 | | — | | 23.4 | — |
| Foreign currency exchange forwards | Other current assets | 9.7 | | — | | 9.7 | — |
| Economic hedges | Other current assets | 26.1 | | — | | 26.1 | — |
| Interest rate swaps | Other noncurrent assets | 4.8 | | — | | 4.8 | — |
First 8 of 12 rows. The CSV has all of them.
Table 26 after “The following table presents the estimated fair value and carrying value of long-term debt, including the current portion of long-term debt ”
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| September 30, 2026 | December 31, 2025 | | | | |
| Fair Value | Par Value(1) | | Fair Value | Par Value(1) | |
| Term Loan due 2032 | $— | | $— | | $2,089.1 | $2,076.1 |
| Senior Secured Notes due 2028 | 832.9 | | 850.0 | | 840.9 | 850.0 |
| Senior Notes due 2036 at 4.850% at September 30, 2026 | 545.2 | | 600.0 | | — | — |
| Senior Notes due 2046 at 5.650% at September 30, 2026 | 447.0 | | 500.0 | | — | — |
| Senior Notes due 2056 at 5.800% at September 30, 2026 | 444.4 | | 500.0 | | — | — |
| Senior Notes due 2066 at 5.950% at September 30, 2026 | 441.7 | | 500.0 | | — | — |
Table 27 after “The following table summarizes the total carrying value of our non-marketable equity securities measured at fair value on a nonrecurring bas”
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| As of September 30, 2026 |
| Non-marketable securities | |
| Total initial cost of non-marketable equity securities accounted for under the measurement alternative | $15.0 |
| Cumulative upwards adjustments | 18.1 |
| Cumulative downwards adjustments (including impairments) | — |
| Carrying value of non-marketable equity securities accounted for under the measurement alternative | $33.1 |
Table 28 after “Activity in accumulated other comprehensive income (loss) is as follows:”
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| Three months ended September 30, 2026 | Three months ended September 30, 2025 | | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | |
| Foreign currency translation, beginning | $(61.2) | | $(10.0) | | $(29.1) | $(203.9) |
| Other comprehensive income (loss)(1) | (4.3) | | (23.1) | | (36.4) | 170.8 |
| Foreign currency translation, ending | (65.5) | | (33.1) | | (65.5) | (33.1) |
| Interest rate swaps, beginning | — | | 58.3 | | 47.2 | 74.6 |
| Realized gain (loss) recognized during the period(2) | — | | — | | (48.5) | — |
| Unrealized gain (loss) deferred during the period(3)(4) | — | | (5.3) | | 1.3 | (21.6) |
| Interest rate swaps, ending | — | | 53.0 | | — | 53.0 |
First 8 of 15 rows. The CSV has all of them.
| Three months ended September 30, 2026 | | | | | |
| Americas | Asia Pacific | | Europe, Middle East & Africa | Total | |
| Sales | $2,999.0 | | $1,008.1 | | $823.7 | $4,830.8 |
| Intersegment sales | 10.2 | | 228.8 | | 279.0 | 518.0 |
| Net Sales | 2,988.8 | | 779.3 | | 544.7 | 4,312.8 |
| Significant segment expenses | | | | | | |
| Cost of sales(1) | 1,799.4 | | 554.1 | | 301.0 | 2,654.5 |
| Marketing, sales and service costs | 132.0 | | 35.4 | | 29.6 | 197.0 |
First 8 of 18 rows. The CSV has all of them.
| Three months ended September 30, 2025 | | | | | |
| Americas | Asia Pacific | | Europe, Middle East & Africa | Total | |
| Sales | $1,724.0 | | $597.7 | | $595.3 | $2,917.0 |
| Intersegment sales | 11.6 | | 77.9 | | 151.7 | 241.2 |
| Net Sales | 1,712.4 | | 519.8 | | 443.6 | 2,675.8 |
| Significant segment expenses | | | | | | |
| Cost of sales(1) | 1,006.0 | | 364.0 | | 283.4 | 1,653.4 |
| Marketing, sales and service costs | 89.7 | | 33.5 | | 24.2 | 147.4 |
First 8 of 17 rows. The CSV has all of them.
Table 31 after “(2) Other segment expenses mostly consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.”
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| Nine months ended September 30, 2026 | | | | | |
| Americas | Asia Pacific | | Europe, Middle East & Africa | Total | |
| Sales | $6,899.8 | | $2,574.2 | | $2,029.1 | $11,503.1 |
| Intersegment sales | 25.8 | | 561.3 | | 679.4 | 1,266.5 |
| Net Sales | 6,874.0 | | 2,012.9 | | 1,349.7 | 10,236.6 |
| Significant segment expenses | | | | | | |
| Cost of sales(1) | 4,085.9 | | 1,455.6 | | 774.6 | 6,316.1 |
| Marketing, sales and service costs | 353.4 | | 101.4 | | 87.9 | 542.7 |
First 8 of 18 rows. The CSV has all of them.
| Nine months ended September 30, 2025 | | | | | |
| Americas | Asia Pacific | | Europe, Middle East & Africa | Total | |
| Sales | $4,531.1 | | $1,699.3 | | $1,738.8 | $7,969.2 |
| Intersegment sales | 31.1 | | 172.1 | | 416.1 | 619.3 |
| Net Sales | 4,500.0 | | 1,527.2 | | 1,322.7 | 7,349.9 |
| Significant segment expenses | | | | | | |
| Cost of sales(1) | 2,789.2 | | 1,102.5 | | 830.3 | 4,722.0 |
| Marketing, sales and service costs | 243.7 | | 97.0 | | 71.0 | 411.7 |
First 8 of 18 rows. The CSV has all of them.
Table 33 after “(2) Other segment expenses mostly consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.”
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| Total Assets | September 30, 2026 | December 31, 2025 | |
| Americas | $8,827.9 | | $5,864.3 |
| Asia Pacific | 2,502.5 | | 1,810.7 |
| Europe, Middle East & Africa | 3,149.4 | | 2,918.0 |
| 14,479.8 | | 10,593.0 |
| Corporate and other | 3,694.7 | | 1,619.4 |
| Total | $18,174.5 | | $12,212.4 |
Table 34 after “(2) Other segment expenses mostly consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.”
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| Depreciation and Amortization | Three months ended September 30, 2026 | Three months ended September 30, 2025 | | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | |
| Americas | $60.1 | | $34.4 | | $198.3 | $100.1 |
| Asia Pacific | 11.0 | | 9.4 | | 31.5 | 27.6 |
| Europe, Middle East & Africa | 26.2 | | 22.5 | | 71.3 | 65.6 |
| Corporate and other | 10.6 | | 9.1 | | 30.3 | 27.0 |
| Total | $107.9 | | $75.4 | | $331.4 | $220.3 |
Table 35 after “(2) Other segment expenses mostly consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.”
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| Capital Expenditures | Three months ended September 30, 2026 | Three months ended September 30, 2025 | | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | |
| Americas | $88.5 | | $21.0 | | $278.7 | $59.1 |
| Asia Pacific | 20.7 | | 7.8 | | 60.9 | 28.7 |
| Europe, Middle East & Africa | 21.7 | | 16.2 | | 58.5 | 32.3 |
| Corporate and other | 8.2 | | 0.2 | | 26.9 | 6.6 |
| Total | $139.1 | | $45.2 | | $425.0 | $126.7 |
Table 36 after “The details of the earnings per share calculations for the three and nine months ended September 30, 2026 and 2025 are as follows:”
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| (In millions, except share and per share amounts) | Three months ended September 30, 2026 | Three months ended September 30, 2025 | | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | |
| Net income (loss) | $764.5 | | $398.5 | | $1,652.4 | $887.2 |
| Weighted-average number of shares outstanding - basic | 384,995,711 | | 382,025,408 | | 384,165,116 | 381,455,627 |
| Dilutive effect of equity-based compensation | 7,686,353 | | 8,903,261 | | 8,475,009 | 8,802,275 |
| Weighted-average number of shares outstanding - diluted | 392,682,064 | | 390,928,669 | | 392,640,125 | 390,257,902 |
| Earnings (loss) per share | | | | | | |
| Basic | $1.99 | | $1.04 | | $4.30 | $2.33 |
| Diluted | $1.95 | | $1.02 | | $4.21 | $2.27 |
Table 37 after “Comparison of the Three Months Ended September 30, 2026 and Three Months Ended September 30, 2025”
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| (Dollars in millions) | Three months ended September 30, 2026 | Three months ended September 30, 2025 | | $ Change | % Change | |
| Net sales | $4,312.8 | | $2,675.8 | | $1,637.0 | 61.2% |
| Cost of sales | 2,669.4 | | 1,665.1 | | 1,004.3 | 60.3 |
| Gross profit | 1,643.4 | | 1,010.7 | | 632.7 | 62.6 |
| Selling, general and administrative expenses | 556.9 | | 414.3 | | 142.6 | 34.4 |
| Amortization of intangibles | 65.3 | | 48.2 | | 17.1 | 35.5 |
| Restructuring costs | 0.2 | | 30.7 | | (30.5) | (99.3) |
| Foreign currency (gain) loss, net | 7.1 | | 0.9 | | 6.2 | 688.9 |
First 8 of 15 rows. The CSV has all of them.
| (Dollars in millions) | Three months ended September 30, 2026 | Three months ended September 30, 2025 | | $ Change | % Change | |
| Net sales | $2,988.8 | | $1,712.4 | | $1,276.4 | 74.5% |
| Operating profit (loss) | 877.3 | | 501.8 | | 375.5 | 74.8 |
| Margin | 29.4% | | 29.3% | | | |
| (Dollars in millions) | Three months ended September 30, 2026 | Three months ended September 30, 2025 | | $ Change | % Change | |
| Net sales | $779.3 | | $519.8 | | $259.5 | 49.9% |
| Operating profit (loss) | 132.4 | | 68.5 | | 63.9 | 93.3 |
| Margin | 17.0% | | 13.2% | | | |
| (Dollars in millions) | Three months ended September 30, 2026 | Three months ended September 30, 2025 | | $ Change | % Change | |
| Net sales | $544.7 | | $443.6 | | $101.1 | 22.8% |
| Operating profit (loss) | 152.3 | | 83.5 | | 68.8 | 82.4 |
| Margin | 28.0% | | 18.8% | | | |
Table 41 after “Comparison of the Nine Months Ended September 30, 2026 and Nine Months Ended September 30, 2025”
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| (Dollars in millions) | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | | $ Change | % Change | |
| Net sales | $10,236.6 | | $7,349.9 | | $2,886.7 | 39.3% |
| Cost of sales | 6,358.6 | | 4,756.1 | | 1,602.5 | 33.7 |
| Gross profit | 3,878.0 | | 2,593.8 | | 1,284.2 | 49.5 |
| Selling, general and administrative expenses | 1,508.0 | | 1,156.2 | | 351.8 | 30.4 |
| Amortization of intangibles | 216.6 | | 141.1 | | 75.5 | 53.5 |
| Restructuring costs | (8.6) | | 33.7 | | (42.3) | (125.5) |
| Foreign currency (gain) loss, net | 9.4 | | 5.8 | | 3.6 | 62.1 |
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| (Dollars in millions) | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | | $ Change | % Change | |
| Net sales | $6,874.0 | | $4,500.0 | | $2,374.0 | 52.8% |
| Operating profit (loss) | 1,938.9 | | 1,146.1 | | 792.8 | 69.2 |
| Margin | 28.2% | | 25.5% | | | |
| (Dollars in millions) | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | | $ Change | % Change | |
| Net sales | $2,012.9 | | $1,527.2 | | $485.7 | 31.8% |
| Operating profit (loss) | 295.4 | | 173.4 | | 122.0 | 70.4 |
| Margin | 14.7% | | 11.4% | | | |
| (Dollars in millions) | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | | $ Change | % Change | |
| Net sales | $1,349.7 | | $1,322.7 | | $27.0 | 2.0% |
| Operating profit (loss) | 330.0 | | 266.4 | | 63.6 | 23.9 |
| Margin | 24.4% | | 20.1% | | | |
Table 45 after “Nine Months Ended September 30, 2026 and 2025”
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| (Dollars in millions) | 2026 | 2025 | | $ Change | % Change | |
| Net cash provided by (used for) operating activities | $2,660.6 | | $1,108.9 | | $1,551.7 | 139.9% |
| Net cash provided by (used for) investing activities | (828.3) | | (866.7) | | 38.4 | 4.4 |
| Net cash provided by (used for) financing activities | (42.4) | | (44.3) | | 1.9 | 4.3 |
| Capital expenditures | (425.0) | | (126.7) | | (298.3) | (235.4) |
| Investments in capitalized software | (5.3) | | (4.7) | | (0.6) | (12.8) |
| EXHIBIT INDEX | |
| Exhibit No. | Description |
| 2.1 | Agreement and Plan of Merger between Vertiv Corporation, Vultra Merger Sub, Inc., Utility Innovation Holdings, Inc., and Sidney Hilton, dated September 1, 2026 (incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K, filed with the SEC on September 2, 2026). |
| 31.1 | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith) |
| 31.2 | Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith) |
| 32.1 | Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith) |
| 32.2 | Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith) |
| 101.INS | The following financial statements from the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, formatted in Inline XBRL: (i) Unaudited Condensed Consolidated Statements of Earnings (Loss), (ii) Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss), (iii) Unaudited Condensed Consolidated Balance Sheets, (iv) Unaudited Condensed Consolidated Statements of Cash Flows, and (v) Notes to Unaudited Condensed Consolidated Financial Statements, tagged as blocks of text and including detailed tags |
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