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Sep 30, 2023

NCR Q3 2023 Earnings Report

NCR Atleos reported an increase in revenue and adjusted EBITDA, but experienced a net loss due to separation-related expenses.

Key Takeaways

NCR Atleos Corporation reported a 4% year-over-year increase in revenue, reaching $1.1 billion for Q3 2023. Recurring revenue also increased by 6% year-over-year, totaling $765 million. However, the company experienced a net loss of $58 million, impacted by substantial separation transaction-related expenses. Adjusted EBITDA increased by 7% year-over-year to $210 million.

Revenue increased by 4% year-over-year to $1.1 billion.

Recurring revenue increased by 6% year-over-year to $765 million.

Net loss of $58 million was reported, impacted by separation transaction-related expenses.

Adjusted EBITDA increased by 7% year-over-year to $210 million.

Total Revenue
$1.07B
Previous year: $1.03B
+3.6%
EPS
-$0.82
Previous year: $1.43
-157.3%
Adjusted EBITDA
$210M
Previous year: $197M
+6.6%
GAAP Gross Margin
25.1%
Previous year: 23.4%
+7.3%
Gross Profit
$268M
Previous year: $245M
+9.4%
Cash and Equivalents
$423M
Previous year: $257M
+64.6%
Free Cash Flow
$99M
Previous year: $201M
-50.7%
Total Assets
$8.31B

NCR

NCR

NCR Revenue by Segment

Forward Guidance

No forward guidance was provided in the release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income