---
schema_version: "secwatch.filing_event.v1"
accession: "0001677703-23-000064"
form_type: "8-K"
ticker: "CNDT"
cik: "0001677703"
company_name: "CONDUENT Inc"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:49:48.331048+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Conduent Q3 net loss $289M on $932M revenue, goodwill impairment

## Summary
- Revenue $932M, down 4.6% YoY; GAAP diluted EPS $(1.34); Adjusted EPS $(0.09).
- Pre-tax loss $(313)M vs $23M income in Q3 2022, hit by goodwill impairment from BenefitWallet deal.
- Adjusted EBITDA $92M (9.9% margin) vs $105M (10.7%) prior year, ahead of expectations.
- Entered agreement to transfer BenefitWallet HSA; expects ~$425M pre-tax gain, close H1 2024.
- FY2023 outlook: Adj. Revenue $3.70-3.72B; Adj. EBITDA margin ~10.0%; Adj. FCF ~0% of Adj. EBITDA.

## SEC filing metadata
- accession: 0001677703-23-000064
- form_type: 8-K
- ticker: CNDT
- cik: 0001677703
- company_name: CONDUENT Inc
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677703/000167770323000064/0001677703-23-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677703/000167770323000064/cndt-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001677703-23-000064
- JSON: https://secwatch.observer/filing/0001677703-23-000064.json
- Plain text: https://secwatch.observer/filing/0001677703-23-000064.txt

## Key facts
- Earnings Releases
  CONDUENT Inc reported third quarter 2023 results: revenue $932M, net income $(289)M, EPS $(1.34) per diluted share. Guidance reaffirmed.
  - Period: third quarter 2023
  - Revenue: $932M
  - Net income: $(289)M
  - EPS: $(1.34) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Conduent Reports Third Quarter 2023 Financial Results Key Q3 2023 Highlights • Revenue and Adj. Revenue (1) : $932M • Pre-tax Income (Loss): $(313)M • Adj. EBITDA Margin (1) : 9.9% • New business signings ACV (2) : $154M • Net ARR Activity Metric (2) (TTM): $103M
  evidence_url: https://www.sec.gov/Archives/edgar/data/1677703/000167770323000064/0001677703-23-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.