Unisys Q3 revenue down 5.5% YoY; delays 10-Q filing due to internal investigation

UNISYS CORP

2022-Q3 EPS reported -$1.69 revenue$1,422,900,000

Revenue $461.2M (-5.5% YoY); constant-currency revenue +0.3%; net loss $40.1M vs $18.7M loss prior year.
Non-GAAP diluted EPS $0.05 vs $0.10; operating loss margin 1.7% vs profit margin 5.1%.
ACV signings +20% YoY, TCV +31%, pipeline +25% to $6.0B.
Revises FY22 guidance: constant-currency revenue -1.0% to +1.0%, non-GAAP op margin 6-8%, adj. EBITDA margin 14.5-16.5%.
Delays Form 10-Q; Audit Committee investigating disclosure controls; possible material weaknesses but expects no restatement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNISYS CORP reported the third quarter ended September 30, 2022 results: revenue $461.2M, net income Net loss was $40.1M, EPS Loss per diluted share was $0.59. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $461.2M
Net income: Net loss was $40.1M
EPS: Loss per diluted share was $0.59
Guidance: reaffirmed
Result: reported results

Exact text from the filing

non-GAAP measures presented except for financial guidance since such a reconciliation is not practicable without unreasonable effort. • Revenue: ◦ 3Q22 revenue declined 5.5% to $461.2M vs. $488.0M in the prior-year period, and was up 0.3% YoY in constant currency ▪ Excluding the impact of non-strategic contracts exited in 2021 as part of the company’s

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Source: SEC EDGAR

accession 0000746838-22-000039

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