Vertiv Holdings

Good morning. My name is Nadia and I'll be your conference operator today. At this time, I would like to welcome everyone to Vertiv's first quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. Please note this call is being recorded. I would now like to turn the program over to your host for today's conference call, Lynn Maxiner, Vice President of Investor Relations.

Great Thank you Nadia good morning and welcome to vertus first quarter 2025 earnings conference call. Joining me today are vertus executive chairman Dave cody chief executive officer to your donor Albert topsy and chief financial officer David fallon. We have one hour for the call today during the Q amp a portion of the call, please be mindful of others in the queue and limit yourself to one question if you have a follow up question, please rejoin the queue. 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 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.verta.com. With that, I'll turn the call over to Executive Chairman Dave Cody.

Good morning. I have to say I'm pleased with how we kicked off 2025. Growth and great execution are a powerful combination. Despite the market noise out there, we continue to outperform and deliver strong results. Our position in the market keeps getting stronger. Geo and the team are executing very well, and our investments in R&D and capacity are paying off. You've heard me talk many times about the importance of seed planning. We have consistently planted seeds at Vertiv, and that seed planting is paying off. As we have said before, the digital revolution is happening, and it still has a long way to go. Data centers remain fundamental to all of it. AI adoption is spreading globally. Data center demand remains robust, and Vertiv is positioned extremely well to capitalize on these opportunities. Our portfolio? technology leadership, and global scale are not easily replicated. Virta's management team has an intense focus on speed and strong execution, and that is amplifying our competitive advantages in this fast-growing market. Additionally, it's the only thing we do, so it gets a lot of attention. There's been a lot of turmoil lately about tariffs, which of course remains a fluid situation. The reality is, given our market position and operational flexibility, We believe we're well-positioned to handle the tariff situation. We have a sound playbook developed over several years to manage through this situation. We have manufacturing capabilities across multiple regions and our supply chain team has proven they can navigate these challenges. I'm confident in our ability to handle what comes our way. All that being said, we do have to wait and see what actually transpires. We're still early in our bird of transformation. There's so much more value to unlock here, and we've got the right team and strategy to do it. We are much better than we were before, and there is still a lot of upside left to get. We're building a great track record of consistently outperforming, but there's still so much more potential ahead. That's good news for all of us as investors. So with that, I'll turn it over to Gio.