Conduent Q4 revenue $953M, adj. EBITDA margin 10.8%; FY2024 outlook adj. revenue $3.6-3.7B

CONDUENT Inc

2023-FY EPS reported -$1.41 revenue$3,722,000,000

Q4 revenue $953M (-3.3% YoY); GAAP net income $6M vs loss $(333)M; adj. EBITDA $103M (+8.4%).
Full year 2023 adj. EBITDA margin 10.2% flat YoY; new business ACV $639M.
Entered agreement to sell Curbside Mgmt & Public Safety Solutions for $230M; close H1 2024.
FY2024 outlook: adj. revenue $3.6B-$3.7B; adj. EBITDA margin 8%-9%; adj. FCF 5%-10% of adj. EBITDA.
Repurchased 6.6M shares in Q4, 8.8M shares in FY2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONDUENT Inc reported full year 2023 results: revenue $3,722M, net income $(296)M GAAP Net Income (Loss), EPS $(1.41) GAAP Diluted EPS. Guidance reaffirmed.

Period: full year 2023
Revenue: $3,722M
Net income: $(296)M GAAP Net Income (Loss)
EPS: $(1.41) GAAP Diluted EPS
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Conduent Reports Fourth Quarter and Full Year 2023 Financial Results Key Q4 and Full Year 2023 Highlights • Revenue and Adj. Revenue (1) : Q4 $953M / FY $3,722M • Pre-tax Income (Loss): Q4 $(4)M / FY $(332)M • Adj. EBITDA Margin (1) : Q4 10.8% / FY 10.2% • New business signings ACV (2) : Q4 $152M / FY $639M • Net ARR Activity Metric (2) (TTM): $62M FLORHAM PARK, NJ, February 14, 2024 - Conduent (NASDAQ: CNDT), a global technology-led business process solutions company, today announced its fourth quarter and full year 2023 financial results.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONDUENT Inc reported FY 2024 results: revenue $3,600M - $3,700M. Guidance reaffirmed.

Period: FY 2024
Revenue: $3,600M - $3,700M
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

FY 2024 Outlook (2,3) FY 2023 Actuals FY 2024 Outlook (2,3) Adj. Revenue (1) $3,722M $3,600M - $3,700M Adj. EBITDA (1) / Adj. EBITDA Margin (1) $378M / 10.2% 8% - 9% Adj. Free Cash Flow (1) as % of Adj. EBITDA (1) (1.3)% 5% - 10%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONDUENT Inc reported Q4 2023 results: revenue $953M, net income $6M GAAP Net Income (Loss), EPS $0.02 GAAP Diluted EPS. Guidance reaffirmed.

Period: Q4 2023
Revenue: $953M
Net income: $6M GAAP Net Income (Loss)
EPS: $0.02 GAAP Diluted EPS
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Conduent Reports Fourth Quarter and Full Year 2023 Financial Results Key Q4 and Full Year 2023 Highlights • Revenue and Adj. Revenue (1) : Q4 $953M / FY $3,722M • Pre-tax Income (Loss): Q4 $(4)M / FY $(332)M • Adj. EBITDA Margin (1) : Q4 10.8% / FY 10.2% • New business signings ACV (2) : Q4 $152M / FY $639M • Net ARR Activity Metric (2) (TTM): $62M FLORHAM PARK, NJ, February 14, 2024 - Conduent (NASDAQ: CNDT), a global technology-led business process solutions company, today announced its fourth quarter and full year 2023 financial results.

View on SEC.gov

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CONDUENT Inc filing history →

Source: SEC EDGAR

accession 0001677703-24-000033

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