NYSE$VYX

NCR Voyix Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced full year and fourth quarter results with revenue up 25% year over year.

NCR Corporation reported strong fourth quarter results, with revenue of $2.034 billion, a 25% increase year over year. The company's full year revenue was $7.156 billion, up 15%. The company launched a board-led strategic review process to evaluate a full range of strategic alternatives available to enhance both NCR’s value and shareholder returns.

  • Delivered strong full year and solid fourth quarter 2021 results
  • Full year revenue of $7.16 billion, up 15%; Recurring revenue growth of 25%
  • Full year cash flow from operations of $1.08 billion; Free cash flow of $460 million
  • Full year GAAP diluted EPS of $0.58; Non-GAAP diluted EPS of $2.56

Headline financials

Total Revenue

$2.03B

Previous: $1.63B+24.7%
EPS (adj)

$0.76

Previous: $0.59+28.8%
Adjusted EBITDA

$353M

No prior period
Adjusted EBITDA Margin

17.4%

No prior period
Software & Services Revenue

$1.47B

No prior period
Capital Expenditures

$38M

Previous: $8M+375.0%
Free Cash Flow

$100M

Previous: $149M-32.9%
Net Income

$64M

Previous: -$125M+151.2%
Operating Income

$123M

Previous: -$63M+295.2%
Gross Profit

$503M

Previous: $328M+53.4%
Cash & Equivalents

$447M

Previous: $338M+32.2%
Total Assets

$11.6B

Previous: $8.41B+38.4%
Stock-Based Comp

$35M

Previous: $32M+9.4%

Revenue & EPS history

NCR · Revenue · Quarterly

$2.03B

Q4 2021+24.7%vs Q4 2020

Revenue by segment

NCR · $620M total across 1 segment · Q4 2021

  • Retail
    $620M+9.0%

Forward guidance

For the full year 2022, NCR is forecasting revenue of $8 billion to $8.2 billion, up 12% to 15%, Adjusted EBITDA of $1.5 billion to $1.575 billion, up 21% to 27%, Non-GAAP diluted earnings per share of $3.25 to $3.55, up 27% to 39%, and Free cash flow of $500 million to $600 million.

Tailwinds

  • Revenue - $8 billion to $8.2 billion, up 12% to 15%
  • Adjusted EBITDA - $1.5 billion to $1.575 billion, up 21% to 27%
  • Non-GAAP diluted earnings per share - $3.25 to $3.55, up 27% to 39%
  • Free cash flow - $500 million to $600 million

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 2021

Historical avgQ4 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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