secwatch.observer — SEC 8-K summary
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Issuer:     CONDUENT Inc (CNDT)
CIK:        0001677703
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001677703-24-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677703/000167770324000033/0001677703-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677703/000167770324000033/cndt-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001677703-24-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer