Vertiv Holdings Co (VRT) FY2024 Q1 P&L / Income Statement

Vertiv Holdings Co (VRT) FY2024 Q1 P&L / Income Statement

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.