Vertiv Holdings Co (NYSE:VRT) shares are trading lower after the company reported second-quarter FY24 results. Net sales rose 13% Y/Y to $1.953 billion, beating the consensus of $1.939 billion. Organic orders (excluding foreign exchange) rose 57% Y/Y in the quarter. The book-to-bill ratio stood at 1.4x in the quarter. Adjusted EPS stood at $0.67, beating the consensus of $0.57. Adjusted operating profit surged 52% year-over-year to $382 million, with the margin expanding 510 basis points to 19.6%, driven by higher volumes, favorable price-cost dynamics, and productivity improvements, though partially offset by increased R&D and capacity investments. Operating cash flow reached $378 million, and adjusted free cash flow ...