NYSE$UIS

Unisys Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Unisys reported its financial results for the fourth quarter and full year 2024, exceeding profitability guidance and meeting revenue guidance.

Unisys announced strong financial performance for Q4 and full-year 2024, with full-year gross profit margin up 180 bps YoY and operating profit margin up 100 bps YoY. The company met its full-year revenue guidance and significantly improved operating and free cash flow year over year, driven by new logo signings and operational efficiencies.

  • Full-year gross profit margin increased by 180 bps year over year to 29.2%.
  • Full-year operating profit margin improved by 100 bps year over year to 4.8%.
  • Full-year revenue of $2,008.4 million was in-line with the company's guidance.
  • Full-year operating cash flow increased to $135.1 million from $74.2 million in 2023, and free cash flow improved to $55.3 million from ($4.5) million in 2023.

Headline financials

Total Revenue

$545M

Previous: $558M-2.2%
EPS (adj)

$0.33

Previous: $0.51-35.3%
Total Company TCV

$752M

No prior period
Ex-L&S New Business TCV

$218M

No prior period
Ex-L&S Renewals TCV

$312M

No prior period
L&S Renewals TCV

$222M

No prior period
Total Backlog

$2.84B

No prior period
Capital Expenditures

-$20.9M

Previous: -$19M-10.0%
Net Income

$30M

Previous: -$165M+118.1%
Operating Income

$48.6M

Previous: $44M+10.5%
Gross Profit

$175M

Previous: $181M-3.4%
R&D Expense

$8.9M

Previous: $8.2M+8.5%

Revenue & EPS history

Unisys · Revenue · Quarterly

$545M

Q4 2024-2.2%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Unisys issued full-year 2025 guidance, projecting revenue growth in constant currency and a non-GAAP operating profit margin range.

Tailwinds

  • Revenue growth in constant currency is projected to be between 0.5% and 2.5% YoY.
  • Non-GAAP operating profit margin is expected to be between 6.5% and 8.5%.
  • Assumes L&S revenue of approximately $390 million.
  • Assumes Ex-L&S constant currency revenue growth of 1.0% to 5.0%.
  • The company expects rising Ex-L&S profit contribution, operational efficiency, and improved cash conversion.

Headwinds

  • Reported revenue growth is translated to (1.9)% to 0.1% based on exchange rates as of January 31, 2025, indicating potential for reported revenue decline.
  • Guidance relies on assumptions about future market conditions and behavior of market participants.
  • TCV is based on the assumption that contracts will continue for their full contracted term, which may not always be the case.
  • The company's ability to control or estimate precisely certain factors could impact actual results.
  • No specific negative factors were highlighted in the guidance summary, but general market uncertainties are always present.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.6%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+0.3%

Avg return

30 days after

54%

36 / 67 earnings

Positive

+32.6%

Q3 2024

Best reaction

-46.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.1%+10.9%+43.3%
Q4 2025+15.6%+10.3%-5.2%
Q3 2025-4.3%-6.2%-27.6%
Q1 2025+2.0%+17.6%+20.2%
Q4 2024-11.2%-33.0%-36.6%
Q3 2024+32.6%+32.4%+49.5%
Q2 2024-13.5%-14.8%+21.9%
Q1 2024-8.0%-7.2%-20.8%
Q4 2023-36.0%-28.8%-36.5%
Q3 2023+20.0%+52.1%+81.7%
Q2 2023-3.3%-20.0%-25.9%
Q1 2023+30.8%+21.8%+18.2%
Q4 2022+7.8%-10.2%-35.0%
Q3 2022-46.9%-41.3%-53.3%
Q2 2022-7.6%-15.4%-33.1%
Q1 2022-15.1%-22.0%-29.2%
Q4 2021+7.8%+8.1%+5.8%
Q3 2021-16.4%-16.7%-27.9%
Q2 2021+2.9%+11.1%+7.9%
Q1 2021-1.9%+4.2%+12.3%
Q4 2020-9.1%-7.2%-7.3%
Q3 2020+3.2%+8.7%+21.1%
Q2 2020+5.0%+7.8%-1.7%
Q1 2020+1.0%-4.4%-6.6%
Q4 2019-2.6%-4.5%-28.0%
Q3 2019+15.4%+21.1%+36.6%
Q2 2019+17.8%+11.2%-35.3%
Q1 2019-6.4%-10.0%-13.2%
Q4 2018+17.7%+12.3%+8.2%
Q3 2018-6.9%-19.6%-32.2%
Q2 2018+14.6%+21.7%+45.7%
Q1 2018+7.1%+6.2%+7.6%
Q4 2017+18.6%+29.3%+35.3%
Q3 2017+1.7%-5.8%-7.6%
Q2 2017-23.9%-31.2%-39.5%
Q1 2017+5.9%+3.2%+10.5%
Q4 2016-6.7%-4.9%+4.7%
Q3 2016+11.9%+9.4%+52.1%
Q2 2016+30.2%+28.5%+32.9%
Q1 2016+7.4%
Q4 2015+8.6%
Q3 2015+9.9%
Q2 2015-16.7%
Q1 2015-6.4%
Q4 2014-14.3%
Q3 2014+23.6%
Q2 2014-17.4%
Q1 2014-10.5%
Q4 2013+12.3%
Q3 2013-2.3%
Q2 2013+4.4%
Q1 2013-17.9%
Q4 2012+15.0%
Q3 2012-15.6%
Q2 2012+12.5%
Q1 2012+0.3%
Q4 2011+0.2%
Q3 2011+3.7%
Q2 2011-3.3%
Q1 2011-4.5%
Q1 2010-4.5%
Q4 2008-12.6%
Q3 2010-2.3%
Q3 2009-2.3%
Q4 2009+1.7%
Q2 2010+1.7%
Q2 2009+1.7%

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