Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.95B | 22.2% |
| Gross Profit | 379M | 135.2% |
| Cost of Revenue | 1.57B | 9.5% |
| Operating expense | 361M | 0.5% |
| Net Income | 178M | 3118.6% |
| EBITDA | 358M | 377.7% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 8.11B | 6.8% |
| Total Liabilities | 6.57B | 6% |
| Total Equity | 1.54B | 10.3% |
| Shares Outstanding | 375M | 0.3% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 378M | 175.2% |
| Cash from investing | -45M | 23.3% |
| Cash from financing | -21M | 96.6% |
EPS
Financial Highlights for Vertiv in Q2 '24
Vertiv reported a revenue of 1.95B, which is a 22.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 379M, marking a 135.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.57B, a 9.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 361M, showing a -0.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 178M, showing a 3118.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 358M, showing a 377.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Vertiv with growth in revenue, gross profit, and net income.
