If there’s an AI bubble, the memo never got to Vertiv (NYSE: VRT) or the companies with which it does business. The company delivered an earnings report and guidance that shows demand for its cooling systems is strong. That supports the idea that in this, or in any market, it pays to buy the best.
Vertiv’s headline numbers were mixed compared to estimates. On the top line, revenue of $2.88 billion came in a fraction below the $2.89 billion that was forecast. However, that was still 22.5% higher on a year-over-year (YOY) basis. Earnings per share (EPS) of $1.36 beat expectations for EPS of $1.29 and were 37% higher YOY.
