NYSE$NATL

NCR Atleos Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

NCR Atleos Corporation reported a strong start to 2024, with financial results at or above the high-end of first quarter guidance.

NCR Atleos Corporation reported a revenue increase of 6% year-over-year to $1.05 billion, with recurring revenue growing 7% to a record $763 million. Adjusted EBITDA grew 11% year-over-year to $162 million, and the company reaffirmed its full-year 2024 guidance.

  • Revenue grew 6% year-over-year to $1.05 billion; Recurring revenue grew 7% to a record $763 million.
  • Adjusted EBITDA grew 11% year-over-year to $162 million; Adjusted free cash flow of $69 million.
  • GAAP net loss of $8 million; Operating cash flow of $148 million.
  • GAAP fully diluted loss per share of $0.11; Non-GAAP fully diluted earnings per share of $0.41.

Headline financials

Total Revenue

$1.05B

Previous: $986M+6.5%
EPS

-$0.11

Previous: $0.51-121.6%
Gross Margin

21.0%

Previous: 22.3%-5.8%
Adjusted Gross Margin

23.2%

No prior period
Adjusted EBITDA

$160M

Previous: $146M+9.6%
Adjusted EBITDA Margin

15.2%

No prior period
Recurring Revenue Mix

73.0%

No prior period
Recurring revenue

$763M

Previous: $710M+7.5%
Capital Expenditures

-$24M

Previous: $15M-260.0%
Free Cash Flow

-$32M

Previous: $105M-130.5%
Net Income

-$8M

Previous: -$24M+66.7%
Operating Income

$72M

Previous: $63M+14.3%
Cash & Equivalents

$343M

Previous: $282M+21.6%
Total Assets

$5.78B

No prior period
R&D Expense

$17M

No prior period
Stock-Based Comp

$10M

Previous: $14M-28.6%

Revenue & EPS history

NCR · Revenue · Quarterly

$1.05B

Q1 2024+6.5%vs Q1 2023
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

NCR · $1.09B total across 3 segments · Q2 2025

  • Self-Service Banking
    $733M
  • Network
    $320M
  • T&T
    $41M

Forward guidance

The company reaffirmed its full year 2024 guidance and issued second quarter guidance.

Historical earnings impact

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

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+1.6%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.7%

Avg return

30 days after

57%

8 / 14 earnings

Positive

+17.3%

Q1 2023

Best reaction

-7.6%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-1.2%+0.3%-1.5%
Q4 2025+5.4%+12.8%+2.5%
Q3 2025-7.6%-5.3%-2.4%
Q1 2025-7.0%-5.6%-8.5%
Q4 2024-3.7%-3.7%-3.3%
Q3 2024+2.6%-0.7%+14.3%
Q2 2024-2.9%-0.1%-5.2%
Q1 2023+17.3%+26.4%+25.6%
Q1 2024+12.6%+25.5%+21.9%
Q4 2021+3.6%+3.2%+12.5%
Q2 2023+3.6%+3.2%+12.5%
Q4 2023-4.0%-3.7%-12.2%
Q3 2023+1.9%-8.0%-9.4%
Q3 2022+1.9%-8.0%-9.4%
Q4 2022
Q2 2022
Q1 2022
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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