UIS
Unisys Corporation2.8400
-0.0400-1.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A: AI boosts ClearPath, eyes new logos
Q&A dismissed AI code refactoring fears for ClearPath Forward as overstated, with execs framing it as a tailwind that automates above-platform layers to boost data consumption and demand. Post-$1.7B renewals, 2026 bookings pivot to new logos and $31B existing-client scope expansion, easing sales cycle worries. Management stuck to pricing discipline against aggressive rivals, while guidance took a conservative revenue tilt—baking in L&S upside from AI—yet affirmed margin gains from tech deployment. AI refactoring? Just enhances the core. Investors watch new business conversion for XLNS growth signals.
Key Stats
Market Cap
202.51MP/E (TTM)
-Basic EPS (TTM)
-4.62Dividend Yield
0%Recent Filings
10-K
FY2025 results
Unisys posted FY2025 revenue of $1.95B, down 2.9% y/y, with Q4 momentum stalling as DWS dropped 2.9% to $508M and CA&I fell 4.1% to $733M on public sector softness, while ECS held flat at $629M but saw gross margins slip to 55.5% from 58.0% due to hardware mix. Ex-L&S revenue declined 3.5% to $1.52B, gross margins compressed to 16.8%, yet SG&A fell to 20.1% of sales on cost cuts. TCV jumped 13% to $2.21B on Ex-L&S renewals, backlog swelled to $3.16B. Debt stands at $742M after swapping 2027s for 10.625% 2031 Notes; $344M pension contributions drained cash. Cybersecurity breaches threaten quarterly delivery.
8-K
Q4 beat, FY revenue down
Unisys reported Q4 revenue of $574.5M, up 5.3% YoY on license renewals, with operating margin expanding to 13.3% while full-year revenue fell 2.9% to $2.0B amid DWS and CA&I declines. Cash hit $413.9M after pension contributions cut the deficit by $301.7M. Exceeded profitability guidance. Guides 2026 revenue down 4.5-6.5% in constant currency.
8-K
Bylaws age cap removed
10-Q
Q3 FY2025 results
Unisys revenue fell 7.4% y/y to $460.2M in Q3 ended September 30, 2025, driven by software license renewal timing in ECS, while gross margin slipped to 25.5% from 29.2%. Operating loss widened to $33.5M from $7.5M profit, hit by $55.0M DWS goodwill impairment; net loss ballooned to $308.9M ($4.33/share) versus $61.9M ($0.89/share), as $227.7M U.S. pension settlement loss dwarfed operating results. Cash dropped to $321.9M after $317.2M pension contributions, yet $90.6M ABL availability persists alongside $734.9M debt including new 10.625% notes due 2031. Debt refinancing extended maturities. Pension obligations weigh heavily.
8-K
Q3 revenue down, pension de-risked
Unisys reported Q3 revenue of $460.2M, down 7.4% YoY, with Ex-L&S at $377.2M off 3.9%; pension settlement loss of $227.7M net hit net loss to $308.9M, yet non-GAAP operating profit margin held at 5.4%. Company bought annuity to offload $320M pension liabilities using plan assets—first step slashing $600M by 2026 end. Cash flow strengthened. It lowers full-year revenue guidance but sticks to 8-9% non-GAAP margin.
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