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
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 9 quarters(67%)
ActualEstimate

Revenue by segment

NCR · $1.04B total across 3 segments · Q3 2023

  • Self-Service Banking
    $656M+4.0%
  • Network
    $335M+7.0%
  • T&T
    $49M-7.5%

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
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 2022+1.9%-8.0%-9.4%
Q3 2023+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro