NCR Atleos amends Q4 2023 results; cash, EPS revised downward; reaffirms FY2024 guidance

NCR Atleos Corp

Corrected Q4 2023: GAAP diluted loss per share $2.34 (was $2.28); non-GAAP EPS $0.64 (was $0.69).
Cash and cash equivalents updated to $339M from $375M; interest expense revised to $75M from $69M.
Q4 revenue $1.098B (+3% YoY); recurring revenue $777M (+10% YoY); net loss $165M.
Adjusted EBITDA $178M, up 7% YoY after normalizing prior year; full year 2024 targets: rev $4.2-4.4B, EBITDA $770-800M.
Over 20,000 ATM as a Service active units at year-end; separation from NCR completed Oct 16, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NCR Atleos Corp reported the three months ended December 31, 2023 results: revenue $1.098 billion, net income Net loss attributable to Atleos of $165 million, EPS GAAP basis diluted loss per share attributable to Atleos of $2.34 and Non-GAAP diluted earnings per share of $0.64. Guidance reaffirmed.

Period: the three months ended December 31, 2023
Revenue: $1.098 billion
Net income: Net loss attributable to Atleos of $165 million
EPS: GAAP basis diluted loss per share attributable to Atleos of $2.34 and Non-GAAP diluted earnings per share of $0.64
Guidance: reaffirmed
Result: reported results

Exact text from the filing

separation transaction from NCR Corporation on October 16 th • More than 20,000 ATM as a Service active units at year-end • Solid fourth quarter results, including: – Revenue of $1.1 billion, up 3% year-over-year; recurring revenue of $777 million, up 10% year-over-year – Net loss attributable to Atleos of $165 million on a GAAP basis; GAAP basis diluted loss per

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Source: SEC EDGAR

accession 0001974138-24-000021

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