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Vertiv Holdings
10/25/2023
program over to your host for today's conference call, Lynn McSiner, Vice President of Investor Relations. Please go ahead.
Great, thank you. Good morning and welcome to VRTA's third quarter 2023 earnings conference call. Joining me today are VRTA's Executive Chairman, Dave Cody, Chief Executive Officer, Giordano 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 averted. These forward-looking statements are subject to material risk 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 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 Cody.
Dave Cody Morning, everyone. Well, we've delivered another strong quarter, built squarely on getting the fundamentals right. Good operational execution throughout the organization that translated nicely, outperforming guidance in the third quarter. I believe you're starting to see a trend and one we plan to continue. Financial and operating performance continues to strengthen significantly across the board. And the most exciting part of that is we're still early in our path of some improvements. Alignment to great end market matters. We have a great position in good industry, and our technology differentiation continues to strengthen. Data continues to proliferate in good times and bad times, and that portends a very favorable end market environment for the foreseeable future. We're intending to finish the year strong. The benefits of our seed planning are taking hold and still to be fully realized. Our end markets remain resilient. operational execution continues to improve, and there is still a lot of runway ahead. That is a great setup as we think about 2024 and beyond. So with that, I'll turn the call over to Gio.
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