CNDT
Conduent Incorporated2.0100
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details portfolio, AI defenses.
Q&A fleshed out new CEO Harshita Agadi's fix/sell/grow framework with metrics like sector growth, sustainable margins, FCF yield, and AI-resistant moats. She estimated 15-20% revenue exposed to AI disruptors, mostly commercial, but countered with partnerships for gain-share deals and proprietary wins like Fairgate tolling in New York subways. Commercial flagged for leadership shakeup and CEO client huddles; no 2026 growth expected there yet. Portfolio sales accelerating with extra bankers. Bond buybacks eyed over shares given yields. Commercial demands a swift turnaround. Management stayed candid on risks, promising Q1 guidance.
Key Stats
Market Cap
317.53MP/E (TTM)
-Basic EPS (TTM)
-0.90Dividend Yield
0%Recent Filings
8-K
Van joins Conduent board
Conduent's board gains Greta Van, Chief Audit Executive at Jack Henry & Associates, effective March 4, 2026, adding expertise in audit, risk, and strategy. She joins Risk Oversight and Audit Committees. Meanwhile, Kathy Higgins Victor steps down from reelection at the 2026 Annual Meeting to pursue other commitments, but stays on until then. Van bolsters governance.
10-K
FY2025 results
Conduent's FY2025 revenue fell 9% to $3.0B amid divestitures of BenefitWallet, Curbside, and Casualty Claims—slashing topline 57%—yet core segments showed resilience with Commercial at $1.5B (down 6%), Government $922M, and Transportation up to $609M on transit ramps. Q4 momentum flickered via new signings ($2.4B TCV, -8% y/y) but Net ARR dipped to -$8M (derived), signaling client churn pressure while Government margins swelled to 24% on AI fraud tools. Debt trimmed post-Term Loan A payoff; $25M share buybacks executed. Cash burned $73M on ops amid cyber costs. Government contracts risk termination on funding shortfalls.
8-K
Q4 revenue dips, EBITDA surges
Conduent reported Q4 revenue of $770M, down 3.8% year-over-year, yet Adjusted EBITDA jumped 56% to $50M with 6.5% margin. Full-year Adjusted Revenue fell 4.2% to $3,042M, but Adjusted EBITDA rose 32% to $164M at 5.4% margin, fueled by Government and Transportation gains while Commercial lagged. Cash ended at $243M. CEO targets cost cuts, portfolio tweaks.
8-K
Conduent appoints new CEO Agadi
Conduent replaced CEO Clifford Skelton, who stepped down January 16, 2026 without disagreement, with board chairman Harsha V. Agadi as new CEO effective immediately; Margarita Paláu-Hernández became independent chair. Agadi gets $880,000 base, 150% STI target, and 1.7 million stock units—40% RSUs vesting over three years, 60% PSUs tied to stock hitting $2.50-$5.00 by 2028. Leadership shifts smoothly.
8-K
Q3 adj. EBITDA up 25%
Conduent posted Q3 2025 adjusted revenue of $767M, down 1.8% year-over-year, yet boosted adjusted EBITDA to $40M with 5.2% margin—up 110 bps—via cost cuts and Transportation growth. Debt refinance cleared Term Loan A; new signings held at $111M ACV. Margins expand steadily. FY 2025 outlook targets 5.0-5.5% adjusted EBITDA margin.
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