secwatch.observer — SEC 8-K summary
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Issuer:     UNISYS CORP (UIS)
CIK:        0000746838
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000746838-23-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unisys Q1 revenue up 15.6% YoY; reiterates FY23 guidance despite pension charge
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- Revenue $516.4M, +15.6% YoY (+18.9% constant currency); Ex-L&S revenue +1.7% YoY (+4.6% constant currency).
- GAAP net loss $175.4M (diluted EPS -$2.58) includes $183.2M non-cash pension settlement charge; non-GAAP net income $34.7M ($0.51 EPS).
- Gross margin 30.8% vs 19.6% in 1Q22; non-GAAP operating margin 11.6% vs loss in prior year.
- Total company pipeline grew 6% YoY and 15% sequentially; Next-Gen pipeline up 16% YoY.
- FY23 guidance reiterated: constant currency revenue decline 3%-7%; Ex-L&S revenue range (1%) to +4%; non-GAAP operating margin 2%-4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746838/000074683823000018/0000746838-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746838/000074683823000018/uis-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000746838-23-000018

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