earnings
confidence high
sentiment neutral
materiality 0.75
Unisys Q4 rev $557.6M flat; FY +1.8%; guides FY24 CC rev -1.5% to +1.5%, op margin 5.5%-7.5%
UNISYS CORP
2023-FY EPS reported
-$6.31
revenue$2,015,400,000
- Q4 GAAP net loss $165.3M ($3.26 diluted EPS) includes $167.2M pension settlement loss; non-GAAP net income $35.4M.
- Full-year non-GAAP operating profit margin 7.0% (vs 8.0% in 2022); FY2024 guided 5.5%-7.5%.
- Ex-L&S TCV surged 137% YoY in Q4, 27% FY; new business TCV up 84% Q4, 18% FY.
- FY operating cash flow $74.2M vs $12.7M; free cash flow ($4.5M) improved from ($73.2M) in 2022.
- FY2024 guidance: constant currency revenue growth -1.5% to +1.5%; non-GAAP op margin 5.5%-7.5%.