Vertiv Holdings (VRT) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined from the immediately preceding period, yet rose compared to the same period one year earlier. The filing includes financial statements with product and service revenue details but no management commentary.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined from the immediately preceding period, yet rose compared to the same period one year earlier. The filing includes financial statements with product and service revenue details but no management commentary.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
-12.1%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $1.7B | +23.9% |
| Sep 30, 2023 | $1.7B | +17.7% |
| Dec 31, 2023 | $1.9B | +12.7% |
| Mar 31, 2024 | $1.6B | +7.8% |
Revenue performance
Net sales decreased from the prior quarter, ending a streak of sequential increases, while still exceeding the year-ago level.
Quarterly comparison
Compared to the previous quarter, revenue was lower, marking a reversal of the prior upward trend. On a year-over-year basis, revenue was higher, continuing the pattern of annual growth.
What to watch
The sequential decline in revenue after several quarters of growth may warrant attention in upcoming reports.