Vertiv Holdings Co. reported a significant increase in its first-quarter earnings for 2025, with adjusted earnings per share (EPS) reaching $0.64, surpassing the consensus estimate of $0.61. The company's revenue for the quarter was $2.04 billion, exceeding the expected $1.94 billion, marking a 24% year-over-year increase. Organic sales also grew by 25% year-over-year. The company raised its full-year 2025 revenue guidance to a range of $9.325 billion to $9.575 billion, up from the previous forecast of $9.125 billion to $9.275 billion, and above the consensus estimate of $9.18 billion. Vertiv's backlog grew to $7.9 billion, a 10% increase quarter-over-quarter and a 25% increase year-over-year. The company's book-to-bill ratio stood at approximately 1.4x. Vertiv's performance was driven by strong demand in the data center market, particularly from AI deployments. CEO Giordano Albertazzi highlighted the accelerated scaling of AI deployments, reinforcing the company's growth outlook. The company also noted a 21% sequential increase in product orders from the fourth quarter of 2024 and a 13% year-over-year increase in Q1 orders. Vertiv's close collaboration with Nvidia and its strategy to mitigate the impact of tariffs were also mentioned as factors contributing to its positive outlook.