NYSE$NATL

NCR Atleos Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

NCR Atleos reported an increase in revenue and adjusted EBITDA, but experienced a net loss due to separation-related expenses.

NCR Atleos Corporation reported a 4% year-over-year increase in revenue, reaching $1.1 billion for Q3 2023. Recurring revenue also increased by 6% year-over-year, totaling $765 million. However, the company experienced a net loss of $58 million, impacted by substantial separation transaction-related expenses. Adjusted EBITDA increased by 7% year-over-year to $210 million.

  • Revenue increased by 4% year-over-year to $1.1 billion.
  • Recurring revenue increased by 6% year-over-year to $765 million.
  • Net loss of $58 million was reported, impacted by separation transaction-related expenses.
  • Adjusted EBITDA increased by 7% year-over-year to $210 million.

Headline financials

Total Revenue

$1.07B

Previous: $1.03B+3.6%
EPS (adj)

-$0.82

Previous: $1.43-157.3%
Gross Margin

25.1%

Previous: 23.4%+7.3%
Adjusted EBITDA

$210M

Previous: $197M+6.6%
Capital Expenditures

-$70M

Previous: $25M-380.0%
Free Cash Flow

-$128M

Previous: $201M-163.7%
Net Income

-$58M

Previous: $64M-190.6%
Operating Income

$91M

Previous: $103M-11.7%
Gross Profit

$268M

Previous: $245M+9.4%
Cash & Equivalents

$423M

Previous: $257M+64.6%
Total Assets

$8.31B

No prior period
Stock-Based Comp

$12M

Previous: $14M-14.3%

Revenue & EPS history

NCR · Revenue · Quarterly

$1.07B

Q3 2023+3.6%vs Q3 2022
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

No forward guidance was provided in the release.

Historical earnings impact

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

Avg. return before/after earnings

Based on 12 quarterly earnings reports

Historical avg

+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

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