Vertiv Holdings Co (VRT · NYSE)

Vertiv Holdings Co (VRT, NYSE) reported June-quarter revenue of $3.27B, up from $2.65B the prior quarter, with net income of $497.8M and a beat of $1.52 EPS versus $1.43 estimated — its third beat in the last four quarters. Growth remains strong at 24.1% revenue and 53.0% earnings YoY on a TTM revenue base of $11.48B, with ROE of 43.9% and modest leverage at 1.2x debt/EBITDA against $2.81B in cash. The stock closed at $252.18, up 2.5% on the day but down 22.1% over three months and 32.9% below its 52-week high, trading at a 56.93 P/E and 37.6 EV/EBITDA. Recent news flow was largely routine, including automatic dividend-equivalent stock unit accruals for several executives.