VRT Q3 2026 Net sales $4,312.8 million, Beat Guidance by +$562.8M

Guidance result: Q3 net sales and adjusted diluted EPS beat prior midpoints by $562.8 million and $0.41, respectively.

Operating results: adjusted operating profit reached $1,086.9M and adjusted operating margin reached 25.2%, up 83% and 290 basis points year over year.

Fourth-quarter guidance: net sales is $4,313M-$4,513M, adjusted operating profit is $1,118M-$1,158M, and adjusted diluted EPS is $2.22-$2.28; respective midpoints are $4,413M (+/-$100M), $1,138M (+/-$20M), and $2.25 (+/-$0.03).

FY sales and EPS guidance: net sales was raised to $14,450M-$14,850M, a $14,650M midpoint (+/-$200M), and adjusted diluted EPS to $7.10-$7.20, a $7.15 midpoint (+/-$0.05); GAAP diluted EPS guidance is $6.29.

FY profitability guidance: adjusted operating profit was raised to $3,475M-$3,555M, a $3,515M midpoint (+/-$40M), and adjusted operating margin to 23.5%-24.5%, a 24.0% midpoint (+/-0.5 percentage point); adjusted free cash flow was raised to $2,600M-$2,800M, a $2,700M midpoint (+/-$100M).

Cash flow: Q3 operating cash flow was $794.0M and adjusted free cash flow was $652.2M, up 64% and 50% year over year; liquidity was $6.2B with a net cash position.

Regional sales: AMER, APAC, and EMEA net sales increased 74.5%, 49.9%, and 22.8%, with organic growth of 66.2%, 48.3%, and 19.3%, respectively.