Key Summary: On October 20, 2022, Starboard issued an investor presentation expressing concerns that the company, despite solid post-IPO results, was overly focused on acquisitions and growth rather than operational improvement. Starboard believed there was a significant opportunity to enhance operational execution, close the margin gap with peers, and improve the company's valuation multiple. On October 17, 2023, at the Capitalize for Kids Investors Conference, Starboard highlighted that Vertiv has outperformed the market due to strong demand for its power and cooling solutions, with its share price nearly quadrupling over the past 12 months.Market Cap: $16 billion | Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments.
On October 20, 2022, Starboard issued an investor presentation in which it expressed its concerns that the company delivered solid results after going public, which allowed management to continue to focus on acquisitions and growth, rather than operational improvement and opined its belief that the company has a significant opportunity to improve operational execution, close the margin gap to peers, and realize a further improvement in the Company’s valuation multiple.
On October 17, 2023, Starboard delivered a presentation at the 2023 Capitalize for Kids Investors Conference stating that Vertiv has outperformed the market largely due to strong underlying demand for its power and cooling solutions and its share price has nearly quadrupled over the past 12 months.
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