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

51 earnings releases filed in the last 30 days. Browse all earnings releases →

CONDUENT Inc filing history →

Source: SEC EDGAR

accession 0001677703-24-000033

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