# Vertiv Holdings Co (VRT) FY2024 Q1 P&L / Income Statement - Company: Vertiv Holdings Co (VRT) - Period: 2024-01-01 to 2024-03-31 - Filing: Q1 FY2024 10-Q, filed 2024-04-26, accession number 0001628280-24-018417 - Page: https://plicit.ai/financials/vrt/fy2024-q1-income-statement - Chart image: https://plicit.ai/charts/vrt-fy2024-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2024-01-01 through 2024-03-31. View: Product and service. Revenue and costs use their disclosed categories. - **Net sales**: 1,639,100,000 US dollars - **Cost of sales**: 1,072,700,000 US dollars - **Gross profit (calculated)**: 566,400,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 363,800,000 US dollars - **Operating profit (loss)**: 202,600,000 US dollars - **Other income (expense), net (calculated)**: negative 215,600,000 US dollars - **Income (loss) before income taxes**: negative 13,000,000 US dollars - **Income tax expense (benefit)**: negative 7,100,000 US dollars - **Net income (loss)**: negative 5,900,000 US dollars - **Products revenue**: 1,270,300,000 US dollars - **Services revenue**: 368,800,000 US dollars - **Products cost of revenue**: 846,300,000 US dollars - **Services cost of revenue**: 226,400,000 US dollars - **Restructuring costs**: 300,000 US dollars - **Amortization of intangibles**: 46,000,000 US dollars - **Selling, general and administrative expenses**: 314,000,000 US dollars - **Foreign currency (gain) loss, net**: 3,200,000 US dollars - **Other operating expense (income)**: 300,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/vrt/fy2024-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/vrt-fy2024-q1-revenue-by-business-segment-sankey.png Income statement for 2024-01-01 through 2024-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 1,639,100,000 US dollars - **Cost of sales**: 1,072,700,000 US dollars - **Gross profit (calculated)**: 566,400,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 363,800,000 US dollars - **Operating profit (loss)**: 202,600,000 US dollars - **Other income (expense), net (calculated)**: negative 215,600,000 US dollars - **Income (loss) before income taxes**: negative 13,000,000 US dollars - **Income tax expense (benefit)**: negative 7,100,000 US dollars - **Net income (loss)**: negative 5,900,000 US dollars - **Americas**: 925,000,000 US dollars - **Asia Pacific**: 332,300,000 US dollars - **Europe, Middle East, & Africa**: 381,800,000 US dollars - **Restructuring costs**: 300,000 US dollars - **Amortization of intangibles**: 46,000,000 US dollars - **Selling, general and administrative expenses**: 314,000,000 US dollars - **Foreign currency (gain) loss, net**: 3,200,000 US dollars - **Other operating expense (income)**: 300,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/vrt/fy2024-q1-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/vrt-fy2024-q1-revenue-by-timing-of-transfer-sankey.png Income statement for 2024-01-01 through 2024-03-31. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 1,639,100,000 US dollars - **Cost of sales**: 1,072,700,000 US dollars - **Gross profit (calculated)**: 566,400,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 363,800,000 US dollars - **Operating profit (loss)**: 202,600,000 US dollars - **Other income (expense), net (calculated)**: negative 215,600,000 US dollars - **Income (loss) before income taxes**: negative 13,000,000 US dollars - **Income tax expense (benefit)**: negative 7,100,000 US dollars - **Net income (loss)**: negative 5,900,000 US dollars - **Products and services transferred at a point in time**: 1,128,700,000 US dollars - **Products and services transferred over time**: 510,400,000 US dollars - **Restructuring costs**: 300,000 US dollars - **Amortization of intangibles**: 46,000,000 US dollars - **Selling, general and administrative expenses**: 314,000,000 US dollars - **Foreign currency (gain) loss, net**: 3,200,000 US dollars - **Other operating expense (income)**: 300,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/vrt/fy2024-q1-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/vrt-fy2024-q1-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2024-01-01 through 2024-03-31. View: Segments by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 1,639,100,000 US dollars - **Cost of sales**: 1,072,700,000 US dollars - **Gross profit (calculated)**: 566,400,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 363,800,000 US dollars - **Operating profit (loss)**: 202,600,000 US dollars - **Other income (expense), net (calculated)**: negative 215,600,000 US dollars - **Income (loss) before income taxes**: negative 13,000,000 US dollars - **Income tax expense (benefit)**: negative 7,100,000 US dollars - **Net income (loss)**: negative 5,900,000 US dollars - **Americas - Products and services transferred at a point in time**: 682,000,000 US dollars - **Americas - Products and services transferred over time**: 243,000,000 US dollars - **Asia Pacific - Products and services transferred at a point in time**: 240,600,000 US dollars - **Asia Pacific - Products and services transferred over time**: 91,700,000 US dollars - **Europe, Middle East, & Africa - Products and services transferred at a point in time**: 206,100,000 US dollars - **Europe, Middle East, & Africa - Products and services transferred over time**: 175,700,000 US dollars - **Restructuring costs**: 300,000 US dollars - **Amortization of intangibles**: 46,000,000 US dollars - **Selling, general and administrative expenses**: 314,000,000 US dollars - **Foreign currency (gain) loss, net**: 3,200,000 US dollars - **Other operating expense (income)**: 300,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Product and Service (2) - Page: https://plicit.ai/financials/vrt/fy2024-q1-income-statement/revenue-by-product-and-service-2 - Chart image: https://plicit.ai/charts/vrt-fy2024-q1-revenue-by-product-and-service-2-sankey.png Income statement for 2024-01-01 through 2024-03-31. View: Product and service (Disaggregation of Revenue). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 1,639,100,000 US dollars - **Cost of sales**: 1,072,700,000 US dollars - **Gross profit (calculated)**: 566,400,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 363,800,000 US dollars - **Operating profit (loss)**: 202,600,000 US dollars - **Other income (expense), net (calculated)**: negative 215,600,000 US dollars - **Income (loss) before income taxes**: negative 13,000,000 US dollars - **Income tax expense (benefit)**: negative 7,100,000 US dollars - **Net income (loss)**: negative 5,900,000 US dollars - **Products**: 1,237,400,000 US dollars - **Services & spares**: 401,700,000 US dollars - **Restructuring costs**: 300,000 US dollars - **Amortization of intangibles**: 46,000,000 US dollars - **Selling, general and administrative expenses**: 314,000,000 US dollars - **Foreign currency (gain) loss, net**: 3,200,000 US dollars - **Other operating expense (income)**: 300,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/vrt/fy2024-q1-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/vrt-fy2024-q1-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2024-01-01 through 2024-03-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 1,639,100,000 US dollars - **Cost of sales**: 1,072,700,000 US dollars - **Gross profit (calculated)**: 566,400,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 363,800,000 US dollars - **Operating profit (loss)**: 202,600,000 US dollars - **Other income (expense), net (calculated)**: negative 215,600,000 US dollars - **Income (loss) before income taxes**: negative 13,000,000 US dollars - **Income tax expense (benefit)**: negative 7,100,000 US dollars - **Net income (loss)**: negative 5,900,000 US dollars - **Americas - Products**: 716,100,000 US dollars - **Americas - Services & spares**: 208,900,000 US dollars - **Asia Pacific - Products**: 224,000,000 US dollars - **Asia Pacific - Services & spares**: 108,300,000 US dollars - **Europe, Middle East, & Africa - Products**: 297,300,000 US dollars - **Europe, Middle East, & Africa - Services & spares**: 84,500,000 US dollars - **Restructuring costs**: 300,000 US dollars - **Amortization of intangibles**: 46,000,000 US dollars - **Selling, general and administrative expenses**: 314,000,000 US dollars - **Foreign currency (gain) loss, net**: 3,200,000 US dollars - **Other operating expense (income)**: 300,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.