Loading...
•
Dec 31, 2019
Conduent Q4 2019 Earnings Report
Conduent's Q4 2019 earnings were reported, revealing a decrease in revenue and a net loss, but progress in company transformation and strategic review completion.
Key Takeaways
Conduent reported a decrease in revenue and a GAAP net loss for Q4 2019, impacted by a goodwill impairment charge. However, the company concluded its strategic review, identified investment plans for growth and efficiency, and saw strong initial signings performance in Q1 2020.
Revenue decreased by 14.3% year-over-year to $1,099 million.
GAAP net loss was $(581) million compared to $(140) million in Q4 2018, including a $601 million goodwill impairment charge.
Adjusted EBITDA was $130 million, down (13.3)% year-over-year.
Adjusted diluted EPS from continuing operations was $0.18 compared to $0.26 in Q4 2018.
Forward Guidance
Conduent established FY 2020 guidance, expecting revenue to be down (6) - (8)% and Adj. EBITDA Margin to be 10.5% - 11.5%.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...