Vertiv Holdings Co (VRT) Presents at Barclays 43rd Annual Industrial Select Conference Transcript

SA Transcripts158.47K FollowersFollow5ShareSaveCommentsQ4: 2026-02-11 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallTranscriptEPS of $1.36 beats by $0.06 | Revenue of $2.88B (22.74% Y/Y) misses by $8.52M Vertiv Holdings Co (VRT) Barclays 43rd Annual Industrial Select Conference February 18, 2026 8:05 AM EST Company Participants Craig Chamberlin - Executive VP & CFOScott Armul - Chief Product and Technology Officer Conference Call Participants Julian Mitchell - Barclays Bank PLC, Research Division Presentation Julian MitchellBarclays Bank PLC, Research Division Great. Well, thanks, everyone, for being here for the second session this morning. It's my pleasure to have Vertiv. We've got sort of 2 sides of it today to go through Craig Chamberlin, CFO; and Scott Armul, CTO. So both sort of recent appointments. So congratulations, both of you, Craig and Scott. Question-and-Answer Session Julian MitchellBarclays Bank PLC, Research Division Maybe we'll start off around a sort of more financial question and then go into more of the technology stuff. So there's one thing that's exercised a lot of investor questions is around margins? And how do these companies with a lot of data center exposure like Vertiv manage very high production growth, capacity additions and still kind of generate decent operating margins and high incrementals and so forth. So maybe just start there, the confidence around that. It was a good end or second half in the Americas for Vertiv last year, but kind of how do we see the year ahead on incrementals. Craig ChamberlinExecutive VP & CFO Yes. I mean I think we talked about a little bit in the earnings call. We're still guiding here to 28% in the first quarter, ending up 29% for the year. With that path of the expected incrementals being somewhere in that low 30s, 30% to 35% long term. And you asked a question of how do we get there? What do we drive? I think it's a couple of things. One, it's a price cost equation. We drive price to offset our cost inputs to make sure we stay margin