Unisys Q3 revenue down 1.5% YoY, gross profit up 5.8%; CFO promoted to President; guidance reaffirmed

UNISYS CORP

2021-Q3 EPS reported -$4.79 revenue$1,515,100,000

Q3 revenue $488.0M (-1.5% YoY); gross profit $126.9M (+5.8%); gross margin 26.0%.
Net loss from cont. ops $18.7M ($0.28 loss per share); non-GAAP diluted EPS $0.10.
Free cash flow $39.4M (+14.9% YoY); adjusted free cash flow $69.9M (+36.3%).
FY2021 guidance reaffirmed: 0-2% revenue growth, 9-10% non-GAAP op. margin.
CFO Mike Thomson named President and COO; search for new CFO underway; Eric Hutto to depart Nov 30.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Mike Thomson

President and Chief Operating Officer

UIS · UNISYS CORP

Filed: November 2, 2021, 7:59 PM ET

On November 2, 2021 the Company announced the appointment of Mike Thomson, currently the Company’s Chief Financial Officer, as President and Chief Operating Officer, effective upon the hiring of a new Chief Financial Officer.

Departed

Eric Hutto

President and Chief Operating Officer

UIS · UNISYS CORP

Effective: 2021-11-30
Successor: Mike Thomson
Filed: November 2, 2021, 7:59 PM ET

Mr. Thomson will succeed Eric Hutto, who will be leaving his current role on November 30, 2021 and will be terminating his employment with the Company on March 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mike Thomson was appointed as President and Chief Operating Officer at UNISYS CORP.

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

On November 2, 2021 the Company announced the appointment of Mike Thomson, currently the Company’s Chief Financial Officer, as President and Chief Operating Officer, effective upon the hiring of a new Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.85

Eric Hutto departed as President and Chief Operating Officer at UNISYS CORP.

Action: departed
Role: President and Chief Operating Officer

Exact text from the filing

Mr. Thomson will succeed Eric Hutto, who will be leaving his current role on November 30, 2021 and will be terminating his employment with the Company on March 31, 2022.

View on SEC.gov

UNISYS CORP filing history →

Source: SEC EDGAR

accession 0000746838-21-000084

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