NYSE$VYX

NCR Voyix Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a decrease in revenue due to the COVID-19 pandemic and the shift to recurring revenue, but achieved cost savings and increased recurring revenue percentage.

NCR Corporation reported a decrease in fourth-quarter revenue and operating income due to the impact of the COVID-19 pandemic and a shift to recurring revenue. However, the company achieved cost savings of $150 million and increased recurring revenue to 54% of total revenue. The company is proposing a transaction with Cardtronics.

  • Fourth quarter revenue was down 14% year over year.
  • Recurring revenue increased 6% and represents 54% of total revenue.
  • Cost actions are expected to achieve $150 million in savings in 2021.
  • Announced a proposed transaction with Cardtronics to accelerate NCR-as-a-Service strategy.

Headline financials

Total Revenue

$1.63B

Previous: $1.89B-13.5%
EPS (adj)

$0.59

Previous: $0.85-30.6%
Capital Expenditures

$8M

Previous: $38M-78.9%
Free Cash Flow

$149M

Previous: $296M-49.7%
Net Income

-$125M

Previous: $349M-135.8%
Operating Income

-$63M

Previous: $182M-134.6%
Gross Profit

$328M

Previous: $532M-38.3%
Cash & Equivalents

$338M

Previous: $509M-33.6%
Total Assets

$8.41B

Previous: $8.99B-6.4%
Stock-Based Comp

$32M

Previous: $31M+3.2%

Revenue & EPS history

NCR · Revenue · Quarterly

$1.63B

Q4 2020-13.5%vs Q4 2019

Revenue by segment

NCR · $569M total across 1 segment · Q4 2020

  • Retail
    $569M-6.6%

Forward guidance

The company expects the COVID-19 pandemic to continue negatively impacting its business into 2021, with hardware revenues expected to be most impacted and recurring revenue streams expected to be more resilient.

Headwinds

  • COVID-19 is expected to negatively impact the business into 2021.
  • Hardware revenues are expected to be most impacted by COVID-19.
  • The ultimate impact on the company's financial condition and operating results will depend on the duration and severity of the pandemic.
  • There can be no assurance that the measures taken will completely offset the negative impact of COVID-19.
  • All segments results are expected to be negatively impacted by the COVID-19 pandemic.

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 2020

Historical avgQ4 2020

-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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