Vertiv Holdings

Good morning. My name is Warren, and I will be your conference operator today. At this time, I would like to welcome everyone to Vertiv's third quarter 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. Please note that this call is being recorded. I would now like to turn the program over to your host for today's conference call, Lynne Maxeiner, Vice President of Investor Relations.

Good morning and welcome to VRTA's third quarter 2026 earnings conference call. During the course of this call, we will make forward-looking statements regarding future events, including the future financial and operating performance of VRTA. These statements are subject to material risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. We undertake no obligation to update these statements as a result of new information or future events. Please refer to the cautionary language included in today's earnings release and the risk disclosed in our annual and quarterly reports and other filings made with the SEC. Additionally, non-GAAP measures referenced today are defined and reconciled in our earnings press release and in the investor slide deck found on our website at investors.vertiv.com. Finally, during the Q&A portion of the call, please be mindful of others in the queue and limit yourself to one question. With that, I'll turn the call over to Executive Chairman Dave Cote.

Well, to paraphrase Mark Twain, the rumors of our demise have been greatly exaggerated. I'm really pleased with the third quarter and our year-to-date performance. This performance is testament to how customers look at Vertiv, our thought leader, with leading technology and reliability, undeniable ability to scale and superior service performance and capabilities. This is reflected among other things in our strong Q3 organic orders on top of very strong first half organic orders, as Gia will mention. Q3 organic orders are not only strong, but also very balanced across customer types. Orders are strong no matter how you look at them, with or without neoclouds. Our customers clearly believe in us. By the way, to be clear, we're not planning to share orders data going forward. This order strength and financial performance notwithstanding, she will be the first to say that we are relentlessly focused on further improving our customer and financial performance across the board. We can still be a lot better. GEO is never satisfied. What you're seeing in these results isn't something that happened overnight. This is the payoff from years of seed planting, years of investing in technology, capacity, service, and all capabilities, because we believe this opportunity was going to be big. Turns out it's even bigger than most people imagined. And we believe it's going to stay big for a long time. We are just at the beginning of the digital age, and we anticipate it has decades left to run. The foundation for it is data storage and processing, which means data centers. No data centers, no digital age. And Vertiv supplies the picks and shovels. We are at the forefront of the technology change in those picks and shovels and intend to stay there. As you know, I've always believed it's important to have a great position in a good industry. Preferably with technology differentiation and then develop a high performance culture. So you then perform well for customers and investors. Vertiv is doing that. I'm pleased with how rapidly the high performance culture is developing at Vertiv. And the more technology changes, the better it is for us. It's exciting stuff. Like that famous book says, we're accomplishing two seemingly conflicting things at the same time. We're delivering very strong results today while investing aggressively for tomorrow. That's generally hard to do. Most companies choose one or the other. Gio and his team are doing both. And I believe the gap between us and everyone else just keeps getting wider. And the fact is, we're still early. We ain't done yet. Not even close. As you've heard me say in the past, buy now while supplies last. So let me hand it over to Gio to take you through it all. Gio?