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Sep 30, 2024
NCR Q3 2024 Earnings Report
Estimated Revenue:$692M
-66.2% YoY
Estimated EPS:-$0.0511
105.3% YoY
Key Takeaways
NCR Voyix reported Q3 2024 financial results, which included a GAAP revenue of $711 million and a net loss from continuing operations of $31 million. The company completed the sale of its Digital Banking business and reduced a significant portion of its outstanding debt. While hardware revenues declined, software and services revenues showed positive trends.
Completed the sale of the Digital Banking business to Veritas Capital for $2.45 billion plus contingent consideration.
Reduced $1.84 billion of outstanding debt and other obligations using proceeds from the Digital Banking sale.
Intends to repurchase approximately $100 million of common stock over the next 12 months.
Total segment ARR was $1.60 billion compared to $1.56 billion in the prior year.
Revenue by Segment
Forward Guidance
The Company is maintaining its full year 2024 revenue and adjusted EBITDA guidance.
Positive Outlook
- Software & Services Revenue: $2,040M – $2,080M
- Hardware Revenue: $765M – $780M
- Total Revenue: $2,805M – $2,860M
- Adj. EBITDA (Cont. Ops.): $355M – $375M
- Adj. EBITDA (%): 12.6% – 13.1%
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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