NYSE$NATL

NCR Atleos Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

NCR Atleos reported solid Q4 2023 results, demonstrating a strong start as a separate company with revenue up 3% year-over-year and recurring revenue increasing by 10%.

NCR Atleos reported a revenue of $1.1 billion, up 3% year-over-year, with recurring revenue up 10% year-over-year. The company's Q4 Adjusted EBITDA was $178 million, up 7% year-over-year after normalizing Q4 2022. Net loss attributable to Atleos was $161 million on a GAAP basis, with Non-GAAP diluted earnings per share of $0.69.

  • Completed separation transaction from NCR Corporation on October 16th.
  • More than 20,000 ATM-as-a-Service active units at year-end.
  • Revenue of $1.1 billion, up 3% year-over-year; recurring revenue of $777 million, up 10% year-over-year.
  • Q4 2023 Adjusted EBITDA was $178 million, up 7% year-over-year after normalizing Q4 2022.

Headline financials

Total Revenue

$1.1B

Previous: $1.07B+3.1%
EPS (adj)

$0.69

Previous: $0.10+590.0%
Gross Margin

18.0%

No prior period
Adjusted EBITDA

$178M

Previous: $187M-4.8%
Capital Expenditures

$38M

Previous: $18M+111.1%
Net Income

-$161M

Previous: -$385M+58.2%
Operating Income

$35M

Previous: $78M-55.1%
Gross Profit

$198M

Previous: $229M-13.5%
R&D Expense

$23M

No prior period
Stock-Based Comp

$23M

Previous: $15M+53.3%

Revenue & EPS history

NCR · Revenue · Quarterly

$1.1B

Q4 2023+3.1%vs Q4 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

Full year 2024 financial targets consistent with separation projections: Revenue of $4.2 - $4.4 billion; Adjusted EBITDA of $770 - $800 million

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 Q4 2023

Historical avgQ4 2023

+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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