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NCR Atleos Announces Fourth Quarter 2023 Results

NCR Atleos Corporation (NATL) 
Company Research Source: Business Wire
ATLANTA--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) (“Atleos”) reported financial results today for the three months ended December 31, 2023. Fourth quarter results and other recent highlights include:Completed separation transaction from NCR Corporation on October 16thMore than 20,000 ATM-as-a-Service active units at year-endSolid 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 $161 million on a GAAP basis; GAAP basis diluted loss per share attributable to Atleos of $2.28 and Non-GAAP diluted earnings per share of $0.69Q4 2023 Adjusted EBITDA was $178 million, up 7% year-over-year after normalizing Q4 2022 for an estimated impact of $20 million from delayed legal entity transfers and separation dis-synergiesFull year 2024 financial targets consistent with separation projections: Revenue of $4.2 - $4.4 billion; Adjusted EBITDA of $770 - $800 mil Show less Read more
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