NASDAQ$ACIW

ACI Worldwide Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

ACI Worldwide's financial performance for Q4 2022 was reported, with a decrease in revenue and net income compared to Q4 2021, but full-year revenue increased, driven by solid organic growth and accelerating ARR bookings.

ACI Worldwide reported Q4 2022 revenue of $452 million, down from $467 million in Q4 2021. Net income was $90 million, compared to $109 million in the same quarter of the previous year. The company's full-year revenue for 2022 reached $1.422 billion, a 4% increase from 2021, or 7% adjusted for FX and divestiture. Consolidated ARR bookings for 2022 grew 35% over 2021.

  • Revenue for Q4 2022 was $452 million, a decrease from $467 million in Q4 2021.
  • Net income for Q4 2022 was $90 million, down from $109 million in Q4 2021.
  • Full-year 2022 revenue was $1.422 billion, up 4% from 2021, or 7% adjusted for FX and divestiture.
  • Consolidated ARR bookings for 2022 grew 35% over 2021.

Headline financials

Total Revenue

$452M

Previous: $467M-3.2%
EPS (adj)

$1.00

Previous: $1.10-9.1%
ARR Bookings

$40.2M

No prior period
Capital Expenditures

$4.98M

Previous: $7.61M-34.6%
Free Cash Flow

$36.4M

Previous: $65M-43.9%
Net Income

$90.2M

Previous: $109M-17.6%
Operating Income

$148M

Previous: $163M-9.0%
Gross Profit

$273M

Previous: $305M-10.4%
Cash & Equivalents

$125M

Previous: $122M+2.4%
Total Assets

$3.21B

Previous: $3.16B+1.6%
Stock-Based Comp

$7.87M

Previous: $6.45M+22.0%

Revenue & EPS history

ACI Worldwide · Revenue · Quarterly

$452M

Q4 2022-3.2%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

For the full year of 2023, ACI Worldwide expects revenue growth to be in the mid-single-digits on a constant currency and divestiture-adjusted basis, or in the range of $1.436 billion to $1.466 billion. Adjusted EBITDA is expected to be in the range of $380 million to $395 million with net adjusted EBITDA margin expansion. For Q1 2023, revenue is expected to be between $280 million and $290 million and adjusted EBITDA of $20 million to $30 million.

Tailwinds

  • Revenue growth expected in the mid-single-digits for full year 2023.
  • Adjusted EBITDA expected to be in the range of $380 million to $395 million for full year 2023.
  • Net adjusted EBITDA margin expansion expected for full year 2023.
  • Q1 2023 revenue expected to be between $280 million and $290 million.
  • Q1 2023 adjusted EBITDA expected to be between $20 million and $30 million.

Headwinds

  • Exclusion of one-time charges related to the move of European data centers to the public cloud.
  • Exclusion of one-time costs to implement certain efficiency strategies.
  • Uncertainty regarding the impact of these one-time charges and costs on overall financial performance.
  • Potential for unforeseen challenges during the data center migration.
  • Possible difficulties in implementing efficiency strategies.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+1.5%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.0%

Avg return

30 days after

56%

38 / 68 earnings

Positive

+19.0%

Q3 2023

Best reaction

-16.3%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.7%-2.6%-1.1%
Q4 2025-4.2%-0.2%-3.9%
Q3 2025+4.7%-0.5%-4.8%
Q1 2025-11.8%-10.4%-13.8%
Q4 2024+7.7%+6.2%+7.3%
Q3 2024+6.6%+4.3%+2.6%
Q2 2024+3.8%+5.9%+16.5%
Q1 2024+3.8%+6.1%+5.4%
Q4 2023+3.7%+0.4%+7.2%
Q3 2023+19.0%+21.5%+35.5%
Q2 2023+5.6%+5.0%+8.9%
Q1 2023-1.1%-2.7%-3.8%
Q4 2022+0.6%-0.7%+4.4%
Q3 2022-16.3%-14.8%-11.9%
Q2 2022-8.2%-9.3%-20.5%
Q1 2022-5.4%-9.2%-3.3%
Q4 2021+5.0%-3.0%-0.3%
Q3 2021+4.7%+9.5%-3.8%
Q2 2021-0.4%-2.2%+2.2%
Q1 2021+3.1%+5.7%+5.3%
Q4 2020-7.7%-7.1%-7.8%
Q3 2020+7.4%+10.4%+26.1%
Q2 2020+7.3%+8.1%+2.4%
Q1 2020+2.6%-6.3%+10.1%
Q4 2019-6.5%-3.7%-22.2%
Q3 2019+8.8%+6.8%+15.1%
Q2 2019-3.3%-3.7%+2.8%
Q1 2019-4.1%-8.0%-5.2%
Q4 2018+6.1%+5.6%+5.4%
Q3 2018+15.8%+10.7%+4.4%
Q2 2018+2.0%+3.7%+7.4%
Q1 2018-5.6%-5.6%+5.6%
Q4 2017+9.9%+7.0%+6.5%
Q3 2017-1.1%-4.4%-3.7%
Q2 2017-4.3%-3.9%-8.8%
Q1 2017+10.8%+10.4%+9.0%
Q4 2016+11.7%+10.5%+8.5%
Q3 2016-6.1%-5.0%-0.9%
Q2 2016+0.9%-3.3%-4.4%
Q1 2016+0.4%
Q4 2015-0.2%
Q3 2015+0.0%
Q2 2015+5.6%
Q1 2015+4.2%
Q4 2014-2.9%
Q3 2014-0.2%
Q2 2014+1.6%
Q1 2014-2.1%
Q4 2013+3.5%
Q3 2013+13.0%
Q2 2013-1.7%
Q1 2013-0.8%
Q4 2012-2.4%
Q3 2012+11.8%
Q2 2012-0.0%
Q1 2012-3.1%
Q4 2011+8.0%
Q3 2011-1.4%
Q2 2011-3.9%
Q1 2010-0.5%
Q1 2011+0.0%
Q4 2008-2.2%
Q4 2010-2.2%
Q3 2010+2.5%
Q3 2009+2.5%
Q2 2010+0.3%
Q2 2009+0.3%
Q4 2009+0.3%

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