NYSE$VYX

NCR Voyix Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported revenue up by 13% with significant profit margin expansion.

NCR Corporation reported strong second-quarter results with revenue up 13% year-over-year, driven by growth across all segments. The company saw significant profit margin expansion due to cost reductions and a favorable revenue mix. They also completed the Cardtronics transaction and announced a definitive agreement to acquire LibertyX.

  • Revenue increased by 13% to $1.68 billion, with NCR stand-alone up 11% including recurring revenue growth of 11%.
  • Significant profit margin expansion was achieved through cost reductions and a favorable mix of revenue.
  • Cash flow from operations was $155 million, and free cash flow was $142 million.
  • GAAP diluted EPS was $(0.10), while non-GAAP diluted EPS was $0.62, with NCR stand-alone at $0.64.

Headline financials

Total Revenue

$1.68B

Previous: $1.48B+13.0%
EPS (adj)

$0.62

Previous: $0.27+129.6%
Adjusted EBITDA

$281M

No prior period
Software & Services Revenue

$1.14B

No prior period
Capital Expenditures

-$30M

Previous: -$18M-66.7%
Free Cash Flow

$183M

Previous: $138M+32.6%
Net Income

-$9M

Previous: $64M-114.1%
Operating Income

$84M

Previous: $89M-5.6%
Gross Profit

-$3M

Previous: -$9M+66.7%
Cash & Equivalents

$449M

Previous: $1.68B-73.3%
Total Assets

$12.1B

Previous: $9.95B+21.2%
Stock-Based Comp

$37M

Previous: $20M+85.0%

Revenue & EPS history

NCR · Revenue · Quarterly

$1.68B

Q2 2021+13%vs Q2 2020

Revenue by segment

NCR · $576M total across 1 segment · Q2 2021

  • Retail
    $576M+19.3%

Forward guidance

For the second half of 2021, NCR expects revenue between $4.0 billion and $4.1 billion, adjusted EBITDA between $700 million and $750 million, diluted non-GAAP earnings per share between $1.30 and $1.50, and free cash flow between $325 million and $375 million. The second half 2021 guidance includes the operations of Cardtronics.

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 Q2 2021

Historical avgQ2 2021

-0.7%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.1%

Avg return

30 days after

46%

31 / 68 earnings

Positive

+17.8%

Q4 2021

Best reaction

-28.3%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.2%+8.0%-1.6%
Q4 2025-9.4%-11.9%-31.9%
Q3 2025-6.6%-2.0%-13.2%
Q1 2025+16.6%+27.0%+29.7%
Q4 2024-1.8%-7.8%-14.5%
Q3 2024+2.9%+1.6%+1.1%
Q2 2024-12.2%-11.2%+2.2%
Q1 2024-1.2%+3.1%+1.3%
Q4 2023-19.8%-17.1%-11.7%
Q3 2023-3.1%-1.0%-6.5%
Q2 2023+9.2%+10.6%+16.5%
Q1 2023+10.9%+11.0%+20.5%
Q4 2022-0.2%-4.2%-14.8%
Q3 2022+6.1%+9.3%+19.1%
Q2 2022+6.9%+8.1%+3.7%
Q1 2022-28.3%-12.4%-14.9%
Q4 2021+17.8%+13.1%+1.5%
Q3 2021-5.3%-6.8%+1.3%
Q2 2021-9.4%-6.7%-3.7%
Q1 2021+9.5%+9.0%+16.2%
Q4 2020-8.0%-7.3%-2.0%
Q3 2020-7.1%-3.7%+35.2%
Q2 2020+8.3%+4.9%+20.3%
Q1 2020-17.8%-17.4%-17.6%
Q4 2019-2.8%-3.8%-52.2%
Q3 2019+5.5%+7.4%+9.3%
Q2 2019+5.1%+2.3%-2.3%
Q1 2019+11.1%+9.3%+10.8%
Q4 2018-6.5%-4.6%-5.2%
Q3 2018+12.8%+15.5%+14.4%
Q2 2018-9.0%-9.9%-8.0%
Q1 2018-9.3%-10.0%-2.2%
Q4 2017-11.2%-8.6%+3.2%
Q3 2017-11.4%-13.2%-18.2%
Q2 2017-6.5%-4.1%-17.0%
Q1 2017-5.7%-5.3%-9.3%
Q4 2016+4.1%+5.9%+10.8%
Q3 2016+12.0%+12.9%+25.7%
Q2 2016+2.5%+5.4%+8.2%
Q1 2016-5.1%
Q4 2015-3.9%
Q3 2015+0.4%
Q2 2015+1.3%
Q1 2015-0.5%
Q4 2014+1.3%
Q3 2014+4.3%
Q2 2014+0.2%
Q1 2014-7.8%
Q4 2013-5.6%
Q3 2013-10.0%
Q2 2013+1.6%
Q1 2013+8.7%
Q4 2012+4.9%
Q3 2012-0.3%
Q2 2012-5.7%
Q1 2012+0.0%
Q4 2008-0.1%
Q4 2011-0.1%
Q3 2011-2.4%
Q2 2011-3.1%
Q1 2010-2.3%
Q1 2011-0.3%
Q4 2010+0.9%
Q3 2009+3.2%
Q3 2010+3.2%
Q2 2010+1.3%
Q4 2009+1.3%
Q2 2009+1.3%

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