NCR Atleos Earnings Call Transcripts
Fiscal Year 2026
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A $6.6 billion acquisition will combine two major financial technology providers, targeting $200 million in annual cost synergies and significant free cash flow. The deal is expected to close in Q1 2027, nearly doubling revenue and EBITDA, and accelerating growth in ATM and retail solutions.
Fiscal Year 2025
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Management outlined a shift to long-term strategy after completing its separation, focusing on leveraging a large global device base, expanding ATM as a Service, and driving efficiency through AI. Sustained double-digit growth in services, margin expansion, and capital returns are expected, with further upside from product innovation and network expansion.
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Q3 2025 saw strong growth in self-service banking and ATM as a Service, with revenue and profitability exceeding guidance. Tariffs and macro headwinds were managed, leverage improved, and a share repurchase program will launch in Q4. Guidance for 2025 is reaffirmed.
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Q2 2025 saw strong revenue and profit growth, led by hardware and ATM as a Service, with margins expanding and recurring revenue exceeding 70%. Guidance for 2025 was reaffirmed, a $200M share repurchase was authorized, and net leverage is set to fall below 3x.
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Q1 2025 results met or exceeded expectations, with strong growth in services, software, and ATM as a Service, and robust hardware demand. Guidance for 2025 is reaffirmed despite tariff and regulatory headwinds, with leverage reduction and potential share buybacks prioritized.
Fiscal Year 2024
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Delivered strong 2024 results with revenue of $4.3B, 7% EBITDA growth, and $242M free cash flow. 2025 guidance calls for 3%-6% core revenue growth, 7%-10% EBITDA growth, and $260-$300M free cash flow, with continued focus on recurring revenue and debt reduction.
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Q3 results exceeded expectations with strong revenue, EBITDA, and free cash flow growth, driven by recurring services and ATM as a Service expansion. Guidance for 2024 was raised, and 2025 is expected to see higher EBITDA growth and free cash flow conversion.
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Second quarter results exceeded expectations, with strong growth in services and ATM as a Service revenue, margin expansion, and robust free cash flow. Full-year guidance was reaffirmed, with a focus on debt reduction and asset-light strategies to drive profitability.