---
schema_version: "secwatch.filing_event.v1"
accession: "0001677703-25-000075"
form_type: "8-K"
ticker: "CNDT"
cik: "0001677703"
company_name: "CONDUENT Inc"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:25:00.977715+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Conduent Q1 adj. revenue $751M (-8.5% YoY), adj. EBITDA margin 4.9%; CFO replaced

## Summary
- GAAP net loss $51M ($0.33 diluted loss) vs $99M income YoY; pre-tax loss $56M.
- Adjusted EBITDA $37M (margin 4.9%), up from 4.4% a year ago; new business ACV $109M.
- CFO Stephen Wood departed May 2; replaced by Giles Goodburn (former Head of IR & FP&A).
- Goodburn receives $475K salary, 75% target bonus, $280K one-time LTIP, $700K regular LTIP in 2026.
- FY 2025 outlook: adj. revenue $3.1B–$3.25B; adj. EBITDA margin 4.5%–5.5%.

## SEC filing metadata
- accession: 0001677703-25-000075
- form_type: 8-K
- ticker: CNDT
- cik: 0001677703
- company_name: CONDUENT Inc
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677703/000167770325000075/0001677703-25-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677703/000167770325000075/cndt-20250502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001677703-25-000075
- JSON: https://secwatch.observer/filing/0001677703-25-000075.json
- Plain text: https://secwatch.observer/filing/0001677703-25-000075.txt

## Key facts
- Executive change
  Giles Goodburn was appointed as Chief Financial Officer at CONDUENT Inc.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Board of Directors (the “Board”) of the Company appointed Giles Goodburn as Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1677703/000167770325000075/0001677703-25-000075-index.htm
- Executive change
  Stephen Wood departed as Chief Financial Officer at CONDUENT Inc.
  - Action: departed
  - Role: Chief Financial Officer
  source text: Stephen Wood, who departed the Company on May 2, 2025 concurrently with the appointment of Mr. Goodburn.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1677703/000167770325000075/0001677703-25-000075-index.htm

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