Vertiv Holdings (VRT) reported Q1 adjusted earnings Wednesday of $0.64 per diluted share, up from $0.43 a year earlier.

Analysts polled by FactSet expected $0.61.

Revenue for the quarter ended March 31 was $2.04 billion compared with $1.64 billion a year earlier.

Analysts surveyed by FactSet expected $1.94 billion.

For Q2, the company said it expects adjusted earnings of $0.77 to $0.85 per diluted share on revenue of $2.33 billion to $2.38 billion. Analysts surveyed by FactSet expect adjusted earnings of $0.88 per share on revenue of $2.27 billion.

The company widened its 2025 adjusted earnings guidance to $3.45 to $3.65 per diluted share from $3.50 to $3.60. Analysts surveyed by FactSet expect $3.54. The company raised annual revenue guidance to $9.33 billion to $9.58 billion from $9.13 billion to $9.28 billion. Analysts polled by FactSet expect $9.18 billion.