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Unisys(UIS) - 2021 Q3 - Earnings Call Presentation
2021-11-03 13:08
Third Quarter 2021 Financial Results Peter Altabef, Chair & CEO Mike Thomson, CFO November 3rd, 2021 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Unisys(UIS) - 2021 Q3 - Quarterly Report
2021-11-02 20:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...
Unisys(UIS) - 2021 Q2 - Earnings Call Transcript
2021-08-03 17:38
Unisys Corporation (NYSE:UIS) Q2 2021 Earnings Conference Call August 3, 2021 8:00 AM ET Company Participants Courtney Holben – Vice President-Investor Relations Peter Altabef – Chief Executive Officer Mike Thomson – Chief Financial Officer Conference Call Participants Joseph Vafi – Canaccord Jon Tanwanteng – CJS Securities Rod Bourgeois – DeepDive Equity Research Ana Goshko – Bank of America Sienna Mori – Goldman Sachs Operator Good day, everyone and welcome to the Unisys Corporation Second Quarter 2021 Ea ...
Unisys(UIS) - 2021 Q2 - Earnings Call Presentation
2021-08-03 14:48
© 2021 Unisys Corporation. All rights reserved. | Second Quarter 2021 Financial Results Peter Altabef, Chair & CEO Mike Thomson, CFO August 3rd, 2021 | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Unisys(UIS) - 2021 Q2 - Quarterly Report
2021-08-02 20:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has ...
Unisys(UIS) - 2021 Q1 - Earnings Call Transcript
2021-05-09 18:02
Financial Data and Key Metrics Changes - Non-GAAP operating profit increased 75% year-over-year to $51 million, with non-GAAP operating profit margin rising 440 basis points to 10% [34] - Adjusted EBITDA increased 30% year-over-year to $94 million, with adjusted EBITDA margin up 440 basis points to 18% [37] - Non-GAAP EPS rose significantly to $0.46 from $0.02 in the prior year period [37] - Cash used in operations improved $335 million year-over-year to $43 million, and adjusted free cash flow improved $52 million to a negative $24 million [38] Business Line Data and Key Metrics Changes - Digital Workplace Services (DWS) gross profit increased 157% year-over-year to $19 million, with gross margins up 860 basis points to 13% [34] - Cloud and Infrastructure (C&I) gross profit improved from a negative $3 million to a positive $12 million, with gross margin up 1,240 basis points to 10% [35] - ClearPath Forward gross profit was up 3% year-over-year to $103 million, with gross margins up 290 basis points to 61% [35] - DWS revenue declined 12% year-over-year, attributed to a large base of legacy solutions [43] Market Data and Key Metrics Changes - C&I revenue increased 19% year-over-year to $123 million, with cloud revenue within this segment growing 31% year-over-year [42] - ClearPath Forward revenue was down 2% year-over-year, primarily due to currency effects and divestiture of low-margin contracts [42] - Total company backlog was $3.4 billion at the end of Q1 2021, with expectations for $380 million to convert to revenue in Q2 [47] Company Strategy and Development Direction - The company is focusing on growing margin, cash flow, and revenue through DWS transformation and expansion of cloud offerings [16] - A new segment structure was implemented, targeting DWS, C&I, and ClearPath Forward, to enhance operational efficiency and reporting [13] - The company plans to pursue acquisitions to enhance its experience-based strategy, particularly in DWS [27][80] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the infrastructure bill potentially benefiting the public sector, particularly in cybersecurity and broadband access [64] - The company expects continued improvements in cash flow and profitability driven by efficiency gains and reduced pension contributions [40][52] - Management anticipates that the DWS transformation and growth in cloud services will drive further profitability and revenue growth in 2022 and 2023 [18] Other Important Information - The company has made significant progress on pension obligations, with no additional contributions required due to the American Rescue Plan Act [52] - The weighted average length of contracts signed in Q1 2021 was shorter than in 2020, indicating quicker revenue conversion from backlog [48] Q&A Session Summary Question: Will backlog grow sequentially or just over the year? - Management expects growth in backlog both in the second quarter and for the full year [59] Question: How sustainable is the operating margin in services? - Management believes services margins are solid and sustainable, with consistent improvement expected [61] Question: Will the infrastructure bill benefit the company? - Management sees opportunities in cybersecurity and new platforms for state and local governments if the infrastructure bill passes [64] Question: Are supply chain issues affecting hardware delivery? - Management indicated that supply chain issues are not significantly impacting hardware availability for clients [66] Question: How is the ROI on sales and marketing expenses across segments? - Management expects revenue growth from DWS, C&I, and ClearPath Forward, with a focus on existing client relationships [72][73] Question: How will the freed-up cash from pension contributions be deployed? - Management does not feel urgency to spend the freed-up cash and will focus on strategic acquisitions in DWS and cloud [78][80] Question: Is there an uptick in add-on work at existing accounts? - Management confirmed an increase in add-on work, particularly in the public sector and cloud services [119]
Unisys(UIS) - 2021 Q1 - Quarterly Report
2021-05-06 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...
Unisys(UIS) - 2020 Q4 - Annual Report
2021-02-26 13:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...
Unisys(UIS) - 2020 Q4 - Earnings Call Transcript
2021-02-23 17:10
Unisys Corporation (NYSE:UIS) Q4 2020 Earnings Conference Call February 23, 2021 8:00 AM ET Company Participants Courtney Holben - Vice President of Investor Relations Peter Altabef - Chairman and Chief Executive Officer Mike Thomson - Senior Vice President and Chief Financial Officer Conference Call Participants Jonathan Tanwanteng - CJS Securities Joseph Vafi - Canaccord Genuity Matthew Galinko - Sidoti Rod Bourgeois - DeepDive Equity Research William Smith - William Smith & Company Operator Good day, and ...
Unisys(UIS) - 2020 Q4 - Earnings Call Presentation
2021-02-23 13:20
| --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------|-------|-------|-------|-------|-------| | Full-Year and Fourth-Quarter | | | | | | | | | | | | | | | | | | | | | 2020 Financial Results | | | | | | | | | | | | | | | | | | | | | | | | | | | | February 23 rd , 2021 Peter Altabef, Chairman & CEO Mike Thomson, Senior Vice President & CFO | | | | | | Disclaimer 2 • Statements made by Unisys during today's presentation that ar ...