secwatch.observer — SEC 8-K summary
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Issuer:     CONDUENT Inc (CNDT)
CIK:        0001677703
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001677703-22-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conduent Q2 revenue $928M, adjusted EBITDA $87M; ends Transportation separation consideration
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- GAAP net income $0M vs $12M prior year; diluted EPS $(0.01) vs $0.04; adjusted diluted EPS $0.03 vs $0.20.
- Revenue $928M, down 9.6% YoY; adjusted revenue down 8.0% due to prior stimulus and FX headwinds.
- Adjusted EBITDA $87M (9.4% margin) vs $119M (11.8%) prior year; in line with expectations.
- Decided against separating Transportation business after further analysis; 'One Conduent' strategy.
- FY 2022 outlook: adj. revenue $3.85B-$3.95B, adj. EBITDA margin 10.0%-10.5%, adj. FCF ~15% of adj. EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677703/000167770322000032/0001677703-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677703/000167770322000032/cndt-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001677703-22-000032

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