NYSE$NATL

NCR Atleos Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

NCR Atleos reported strong third quarter results, exceeding revenue and profit guidance and reaffirming 2024 guidance.

NCR Atleos reported revenue of $1.08 billion, with service revenue reaching a new high of $843 million. GAAP net income was $24 million, and Adjusted EBITDA was $207 million. The company reaffirmed its 2024 guidance, moving Non-GAAP EPS guidance to the high end of the range.

  • Revenue of $1.08 billion, with $790 million in recurring revenue.
  • GAAP net income of $24 million; Adjusted EBITDA of $207 million.
  • GAAP fully diluted earnings per share of $0.32; Non-GAAP fully diluted earnings per share of $0.89.
  • Operating cash flow of $107 million.

Headline financials

Total Revenue

$1.08B

Previous: $1.07B+1.0%
EPS

$0.32

Previous: -$0.82+139.0%
Gross Margin

24.3%

Previous: 25.1%-3.2%
Adjusted EBITDA

$207M

Previous: $210M-1.4%
Capital Expenditures

-$69M

Previous: -$70M+1.4%
Free Cash Flow

-$45M

Previous: -$128M+64.8%
Net Income

$24M

Previous: -$58M+141.4%
Operating Income

$119M

Previous: $91M+30.8%
Cash & Equivalents

$395M

Previous: $423M-6.6%
Total Assets

$5.75B

Previous: $8.31B-30.8%
R&D Expense

$16M

No prior period
Stock-Based Comp

$9M

Previous: $12M-25.0%

Revenue & EPS history

NCR · Revenue · Quarterly

$1.08B

Q3 2024+1%vs Q3 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, with revenue of approximately $4.3 billion, Adjusted EBITDA of approximately $785 million, Non-GAAP Diluted EPS of approximately $3.12, and Adjusted free cash flow-unrestricted of approximately $205 million.

Tailwinds

  • Revenue approximately $4,300 million
  • Adjusted EBITDA approximately $785 million
  • Non-GAAP Diluted EPS approximately $3.12
  • Adjusted free cash flow-unrestricted approximately $205 million
  • Non-GAAP EPS guidance moved to high end of range

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 Q3 2024

Historical avgQ3 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