Vertiv (NYSE:VRT) has set the stage for more growth after reporting a standout third quarter in 2024, with net sales jumping 19% to $2.07 billion and operating profit soaring 48%. The company's adjusted operating margin climbed to 20.1%. Those growth has been fueled by robust demand for AI-powered data center solutions, including a surge in liquid cooling. CEO Giordano Albertazzi pointed out that AI's accelerating pace is driving the company's entire portfolio, with a stronger pipeline emerging across all regions.

Financially, Vertiv is in a solid position, generating $375 million in operating cash flow and keeping net leverage at 1.4x. The company isn't just riding the waveit's actively scaling to keep up with demand, expanding capacity with new facilities like the one in South Carolina. In light of this momentum, Vertiv boosted its full-year outlook, with expectations now set for net sales reaching up to $7.83 billion and adjusted EPS between $2.66 and $2.70.

Looking ahead, Vertiv sees even more room to run, projecting faster organic sales growth in 2025 compared to this year's 13%-15%. The company's focus on AI-driven technologies positions it to capitalize on the digital transformation wave sweeping through data centers, ensuring it stays ahead of the curve as market demands evolve.

This article first appeared on GuruFocus.