Chris Arrasmith
On February 12, 2025, the Board of Directors of Unisys Corporation (the "Company") elected Chris Arrasmith to Executive Vice President and Chief Operating Officer, effective April 1, 2025.
Highest-materiality recent filing
Presentation states upwardly revised full-year 2026 revenue guidance and medium-term financial targets.
Unisys 1Q26 revenue +1.3% YoY (constant currency -4.5%); net loss $35.8M, reaffirms guidance
Revenue $437.6M (+1.3% YoY); constant-currency revenue fell 4.5%.
Q4 revenue $574.5M (+5.3% YoY); non-GAAP op margin 18.0% (up 640 bps YoY), beating guidance.
Unisys Q3 revenue down 7.4% YoY; cuts FY revenue guidance amid pension liability transfer
Revenue $460.2M, down 7.4% YoY; constant currency decline 9.0%.
Total revenue $483.3M, up 1.1% YoY; Ex-L&S revenue $395.7M, flat YoY.
Unisys updates on debt transaction, $250M pension contribution, asset allocation changes
Completed recent note offering; proceeds used for $250M discretionary pension contribution.
Unisys makes $250M discretionary pension contribution, plans call to discuss debt, pension strategy
Made $250M discretionary contribution to U.S. Qualified Defined Benefit Plans, reducing pension deficit and volatility.
Unisys closes $700M 10.625% senior secured notes offering for refinancing and pension funding
$700M aggregate principal of 10.625% Senior Secured Notes due 2031 closed on June 27, 2025.
$480M of $485M notes tendered (98.98%); early settlement June 27 at $1,006.25 per $1,000 principal plus accrued interest.
$700M of 10.625% Senior Secured Notes priced at par, due 2031; closing expected June 27, 2025.
Unisys announces $700M notes offering, tender for $485M 6.875% notes due 2027, and pension funding
Commenced tender offer for any and all $485M 6.875% Senior Secured Notes due 2027 at total consideration of $1,006.25 per $1,000 principal.
Unisys Q1 revenue falls 11.4% to $432M; net loss $29.5M, free cash flow improves to $13.2M
Revenue $432.1M, down 11.4% YoY; Ex-L&S revenue $361M (-8.5%).
Unisys reclassifies segments; restates 2023-2024 quarterly revenue and gross profit
BPS operations integrated into ECS and CA&I; UK BPO JV remains in Other.
Unisys appoints Chris Arrasmith as EVP & COO effective April 1, 2025; Thomson to become CEO
Chris Arrasmith elected EVP & COO effective April 1, 2025; previously SVP & GM of Enterprise Computing Solutions.
Full-year revenue $2,008.4M (-0.3% YoY); non-GAAP operating margin 8.8% (up 180 bps YoY), exceeding guidance.
Unisys Q3 revenue up 7% YoY; raises non-GAAP operating margin guidance to 6.5-8.5%
Revenue $497M (+7.0% YoY, +8.2% constant currency); non-GAAP operating margin 9.9% vs 0.1% in 3Q23.
Unisys Q1 revenue down 5.5% YoY; Ex-L&S up 4%; New Logo TCV doubles
Revenue $487.8M, down 5.5% YoY; Ex-L&S revenue $394.6M, up 4.0% YoY (3.0% constant currency).
Unisys Q4 rev $557.6M flat; FY +1.8%; guides FY24 CC rev -1.5% to +1.5%, op margin 5.5%-7.5%
Q4 GAAP net loss $165.3M ($3.26 diluted EPS) includes $167.2M pension settlement loss; non-GAAP net income $35.4M.
Unisys raises FY2023 guidance; Q3 revenue up 0.7% but GAAP net loss widens to $50M
Revenue $464.6M (+0.7% YoY); Ex-L&S revenue $397.5M (+6.2% YoY).
Unisys Q2 net loss widens to $40M; rev down 7.4% YoY; Ex-L&S rev up 4.9%
Revenue $476.8M (-7.4% YoY); Ex-L&S revenue $396.0M (+4.9% YoY); gross margin 24.3% (down 450 bps).
Unisys sets long-term targets: 45%+ Next-Gen revenue mix by 2026, high-teens EBITDA margin
Next-Gen solutions mix target of 45%+ of Ex-L&S revenue by 2026 (35% in 2022).
On February 12, 2025, the Board of Directors of Unisys Corporation (the "Company") elected Chris Arrasmith to Executive Vice President and Chief Operating Officer, effective April 1, 2025.
Michael Thomson, the Company’s current President and Chief Operating Officer, will cease serving as the Company’s Chief Operating Officer on March 31, 2025, and will serve as the Chief Executive Officer and President and as a director of the Company, effective April 1, 2025.
Ms. Ebrahimi will be leaving the Company effective March 31, 2024 (the “Termination Date”).
The Board of Directors of Unisys Corporation (the “Company”) appointed David Brown to the role of Vice President, Chief Accounting Officer and Corporate Controller, effective August 14, 2023.
As previously disclosed, William M. Reinheimer, the Company’s Vice President and Assistant Corporate Controller, who had been serving as the principal accounting officer before Mr. Brown’s appointment, has ceased to serve in the role of principal accounting officer upon Mr. Brown’s appointment.
Claudius Sokenu, Unisys Corporation's Senior Vice President, General Counsel, Corporate Secretary and Chief Administrative Officer, will be leaving the company effective June 30, 2023.
Immediately following Mr. Sokenu’s departure, Michelle Jones will serve as the company’s general counsel, corporate secretary and chief administrative officer until a successor for Mr. Sokenu is named.
Max materiality 0.80 · Median 0.65 · Most common event earnings