The enhanced digital-first solution streamlines bank operations, boosts security and improves client satisfaction BLUE BELL, Pa., April 2, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) has announced a partnership with Thought Machine, the cloud-native banking technology company, to provide end-to-end core and branch banking solutions that accelerate any bank's technology-first strategies. This solution offers premium features to the banking industry, including trusted, robust transaction processing and the abilit ...

Core Insights - Unisys has launched new Post-Quantum Cryptography (PQC) capabilities to enhance cybersecurity and prepare organizations for future quantum threats [1][2] - The company aims to help organizations identify vulnerabilities in their cryptographic environment and implement actionable steps to strengthen defenses [1][3] - Unisys emphasizes the importance of proactive measures against potential data theft by malicious actors, even before quantum computers become commercially available [3] PQC Capabilities and Services - The PQC capabilities include cryptographic posture assessment, which provides a complete inventory and analysis of an organization's cryptographic environment [1][2] - Unisys offers tailored PQC transition roadmaps based on clients' needs, including modernization pathways and achieving crypto agility [6] - The company implements quantum-resistant technologies and complex cybersecurity program management as part of its PQC infrastructure modernization services [6] Strategic Partnerships - Unisys has joined the Chicago Quantum Exchange (CQE) to drive industry-specific applications for quantum technology and develop top-tier quantum talent [4] - This partnership aims to enhance businesses' quantum resiliency and data protection through Unisys's PQC capabilities and services [4]

BLUE BELL, Pa., March 4, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) will be participating virtually in the Sidoti Small-Cap Conference on March 19 - 20, 2025. Management will be available for virtual one-on-one and small group meetings with investors. Investors interested in scheduling meetings with Unisys executives should contact their conference representatives. About Unisys Unisys is a global technology solutions company that powers breakthroughs for the world's leading organizations. Our solutions – cloud ...

Financial Performance - The net loss attributable to Unisys Corporation in 2024 was $193.4 million, or $2.79 per diluted share, compared to a net loss of $430.7 million, or $6.31 per diluted share in 2023, reflecting a significant reduction in losses [181]. - Revenue for 2024 was $2.01 billion, a slight decrease of 0.3% from $2.02 billion in 2023, with U.S. operations revenue declining by 2.8% to $864.1 million [164][165]. - Digital Workplace Solutions (DWS) revenue decreased by 4.1% to $523.5 million in 2024, primarily due to lower volume with existing clients [184]. - Cloud, Applications & Infrastructure Solutions (CA&I) revenue was $526.9 million in 2024, a decrease of 0.8% from 2023, while gross profit margin improved to 16.5% [185]. - Enterprise Computing Solutions (ECS) revenue increased by 0.5% to $651.3 million in 2024, but gross profit margin decreased to 60.2% due to a higher proportion of lower-margin hardware revenue [186]. - Gross profit for 2024 was $585.9 million, with a gross profit margin of 29.2%, an increase from $551.3 million and 27.4% in 2023, driven by delivery modernization and labor cost savings [169]. Cost and Expenses - The company recognized cost-reduction charges of $20.6 million in 2024, compared to $9.3 million in 2023, with workforce reduction charges primarily related to severance costs [166][167]. - Pension expense decreased significantly to $182.8 million in 2024 from $391.3 million in 2023, reflecting lower settlement losses [174]. - The provision for income taxes in 2024 was $117.9 million, up from $79.3 million in 2023, influenced by a new tax provision for certain foreign subsidiaries [176]. Cash Flow and Liquidity - Cash and cash equivalents at December 31, 2024, were $376.5 million, a slight decrease from $387.7 million at the end of 2023 [189]. - Cash provided by operating activities increased to $135.1 million in 2024 from $74.2 million in 2023, primarily due to lower international pension contributions and favorable legal settlements [191]. - Cash used for investing activities rose to $97.4 million in 2024 from $69.6 million in 2023, with capital additions of properties at $16.0 million and investments in marketable software at $47.5 million [192]. - Cash used for financing activities was $18.1 million in 2024, slightly up from $17.3 million in 2023, including a $192 million group annuity contract purchase resulting in a pre-tax settlement loss of $130.1 million [193]. Debt and Obligations - Total debt decreased to $493.2 million as of December 31, 2024, from $504.2 million in 2023 [199]. - The company had operating lease liabilities of $43.9 million and finance lease liabilities of $2.8 million as of December 31, 2024 [200]. - The Amended and Restated ABL Credit Facility was amended to extend maturity to October 29, 2027, with a reduced aggregate loan limit of $125 million [202]. - At December 31, 2024, the company had outstanding standby letters of credit and surety bonds totaling approximately $194 million related to performance and payment guarantees [210]. Pension Plans - The company has reduced its global defined benefit pension obligations by approximately $2.2 billion since December 2020, including $1.5 billion in the U.S. [196]. - The company estimates future cash contributions to its defined benefit pension plans of approximately $92 million in 2025 and $120 million in 2026, with a total of approximately $750 million from 2027 through 2034 [198]. - As of December 31, 2024, the discount rate for U.S. defined benefit pension plans was 6.09%, an increase of 39 basis points from the previous year, while the non-U.S. rate was 5.10%, up 86 basis points [225]. - The calculated value of U.S. qualified defined benefit pension plan assets was $1.61 billion, with a fair value of $1.38 billion as of December 31, 2024 [226]. - For the year ended December 31, 2024, the company recognized consolidated pension expense of $182.8 million, down from $391.3 million in 2023, and expects approximately $87.0 million for 2025 [229]. - The estimated unrecognized loss for U.S. qualified defined benefit pension plans was approximately $1.00 billion, while for non-U.S. plans it was about $490 million as of December 31, 2024 [228]. Impairment and Fair Value - A goodwill impairment charge of $39.1 million was recognized for the DWS reporting unit due to a triggering event identified in the third quarter of 2024 [237]. - The fair value of the DWS reporting unit equaled its carrying value as of December 31, 2024, with no additional impairment charge recognized for other reporting units [238]. - The company had outstanding $481.6 million of 6.875% senior secured notes due 2027, with a fair value of $471.3 million as of December 31, 2024 [243]. Foreign Exchange and Interest Rate Risk - The company is exposed to foreign currency exchange rate risks, primarily benefiting from a weaker dollar against currencies like the Australian dollar and euro [244]. - A hypothetical 10% adverse movement in foreign currency exchange rates would have reduced the estimated fair value of derivative financial instruments by approximately $49 million for both 2024 and 2023 [246]. - The company expects to manage interest rate risk effectively, with substantially all long-term debt at a fixed rate as of December 31, 2024 [242].

Peter Altabef Chair & Chief Executive Officer Deb McCann Chief Financial Officer U unisys FEBRUARY 18, 2025 Disclaimer Forward-Looking Statements Fourth Quarter & Full-Year 2024 Financial Results This presentation contains forward Hooking statements within the meaning of Section 274 of the Seurities A.d. of 1933, asamanded, Section 21E of the Securities Embange Ad and the Pinete-Securities Litigation Reform Act of 1958. Unisys cautions readers that the assumptions forming the basis for forward-kooling state ...

Unisys Corporation (NYSE:UIS) Q4 2024 Earnings Conference Call February 19, 2025 8:00 AM ET Company Participants Michaela Pewarski - Vice President, Investor Relations Peter Altabef - Chair and Chief Executive Officer Deb McCann - Chief Financial Officer Mike Thomson - President and Chief Operating Officer Conference Call Participants Rod Bourgeois - DeepDive Equity Research Joseph Vafi - Canaccord Arun Seshadri - BNP Paribas Anja Soderstrom - Sidoti Operator Good morning, and welcome to the Unisys Corporat ...

Group 1 - Unisys reported quarterly earnings of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, but down from $0.51 per share a year ago, representing an earnings surprise of 65% [1] - The company posted revenues of $545.4 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.30%, and down from $557.6 million year-over-year [2] - Unisys has surpassed consensus EPS estimates three times over the last four quarters and has topped consensus revenue estimates three times as well [2] Group 2 - The stock has gained approximately 6.2% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $516.3 million, and for the current fiscal year, it is $0.61 on revenues of $2.1 billion [7] Group 3 - The Computers - IT Services industry, to which Unisys belongs, is currently in the top 30% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - The current estimate revisions trend for Unisys is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market [6]

News Release Unisys Announces 4Q and Full-Year 2024 Results Company Exceeds Profitability Guidance and Meets Revenue Guidance, Significantly Improves Operating and Free Cash Flow Year over Year BLUE BELL, Pa., February 18, 2025 – Unisys Corporation (NYSE: UIS) reported financial results for the fourth quarter and full year 2024. "In 2024, we exceeded the top end of our upwardly revised profitability guidance range and met our revenue guidance," said Unisys Chair and CEO Peter A. Altabef. "We have improved t ...

Core Insights - Unisys Corporation exceeded its profitability guidance and met its revenue guidance for 2024, showing significant improvements in operating and free cash flow year over year [3][8][17] Financial Performance - Fourth quarter 2024 revenue was $545.4 million, a decline of 2.2% year-over-year, while full-year revenue was $2,008.4 million, down 0.3% year-over-year [5][8] - Excluding License and Support (Ex-L&S) revenue for Q4 2024 was $393.7 million, a decrease of 4.7% year-over-year, and for FY24 it was $1,576.9 million, down 0.6% year-over-year [5][6] - License and Support (L&S) revenue for Q4 2024 was $151.7 million, an increase of 5.1% year-over-year, and for FY24 it was $431.5 million, up 0.6% year-over-year [5][6] - Gross profit margin for FY24 improved to 29.2%, up 180 basis points year-over-year, while Ex-L&S gross profit margin improved to 17.6%, an increase of 250 basis points year-over-year [8][10] Cash Flow and Profitability - Full-year operating cash flow was $135.1 million, compared to $74.2 million in 2023, and free cash flow was $55.3 million, compared to a negative $4.5 million in 2023 [8][13] - Pre-pension and postretirement free cash flow nearly doubled to $82 million for the full year [3][8] Business Growth and Contracts - The company signed 29% more New Business Total Contract Value (TCV) driven by new logo signings, totaling $791 million for FY24 [3][8] - Total company TCV for FY24 was $1,946 million, a decline of 11% year-over-year, primarily due to the timing of renewals [14] Segment Performance - Digital Workplace Solutions (DWS) revenue for Q4 2024 was $128.2 million, down 7.9% year-over-year, while Cloud, Applications & Infrastructure Solutions (CA&I) revenue was $132.1 million, down 4.9% year-over-year [9][11] - Enterprise Computing Solutions (ECS) revenue increased by 2.9% year-over-year to $208.9 million in Q4 2024, driven by software license renewals [12] Guidance for 2025 - The company issued guidance for 2025, projecting revenue growth in constant currency of 0.5% to 2.5% and a non-GAAP operating profit margin of 6.5% to 8.5% [17][18]

The new solution aims to reduce costs and improve performance of freight companies BLUE BELL, Pa., Feb. 10, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) announces its new cutting-edge route optimization capabilities at the Manifest Conference in Las Vegas. The company's innovative multi-modal route optimization (MMRO) module is designed to help freight forwarders and third-party logistics companies move beyond rate quoting, enabling them to consider crucial data to determine optimal routes and better manage cost ...