Vertiv Holdings Co (NYSE:VRT) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET

Company Participants

Lynne Maxeiner - Vice President of Investor Relations
Dave Cote - Executive Chairman
Gio Albertazzi - Chief Executive Officer
David Fallon - Chief Financial Officer

Conference Call Participants

Jeff Sprague - Vertical Research
Amit Daryanani - Evercore
Steve Tusa - JPMorgan
Scott Davis - Melius Research
Andy Kaplowitz - Citigroup
Mark Delaney - Goldman Sachs
Andrew Obin - Bank of America
Nigel Coe - Wolfe Research
Nicole DeBlase - Deutsche Bank
Noah Kaye - Oppenheimer

Operator

Good morning. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to Vertiv's First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. Please note that this call is being recorded.

I'd now like to turn the program over to your host for today's conference call, Lynne Maxeiner, Vice President of Investor Relations.

Lynne Maxeiner

Great. Thank you, Jordan, and good morning and welcome to Vertiv's first quarter 2024 earnings conference call. Joining me today are Vertiv's, Executive Chairman, Dave Cote; Chief Executive Officer, Gio Albertazzi; and Chief Financial Officer, David Fallon.

Before we begin, I'd like to point out that during the course of this call, we will make forward-looking statements regarding future events, including the future financial and operating performance of Vertiv. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. We refer you to the cautionary language included in today's earnings release, and you can learn more about these risks in our annual and quarterly reports and other filings made with the SEC.

Any forward-looking statements that we make today are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events. During this call, we will also present both GAAP and non-GAAP financial measures. Our GAAP results and GAAP to non-GAAP reconciliations can be found in our earnings press release and in the investor slide deck found on our website at investors.vertiv.com.

With that, I'll turn the call over to Executive Chairman, Dave Cote.

Dave Cote

Well, we're pleased to bring a very good morning to our investors. Our performance continues to strengthen. Demand is clearly accelerating, and we're well positioned to capture the growth and deliver -- and to deliver great returns for our investors. We demonstrated the flexibility of our capital deployment strategy, initiating an opportunistic share repurchase in the first quarter, and our current cash flow generation profile provides wonderful opportunity.