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Jun 30, 2021
NCR Q2 2021 Earnings Report
Reported revenue up by 13% with significant profit margin expansion.
Key Takeaways
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.
Revenue by Segment
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
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Avg. Return Before/After Earnings
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