Unisys FY21 revenue up 1.4% to $2.05B, guides FY22 growth 5-7%

UNISYS CORP

2021-FY EPS reported -$6.75 revenue$2,054,400,000

FY21 revenue $2.054B (+1.4% YoY); GAAP operating profit +77% to $154M; non-GAAP op margin 9.4%.
FY21 adjusted EBITDA $369.9M (+15.3%), margin 18.0%; free cash flow $32.3M vs -$811.3M in 2020.
FY22 guidance: revenue growth 5-7%, non-GAAP op margin 9.5-10.5%, adj. EBITDA margin 18-19%.
Q4 revenue $539.3M (-6.5% YoY); non-GAAP EPS $0.51; ACV up 54% sequentially.
Reduced pension deficit $283M to $753M; no US pension cash contributions required for 10+ years.

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