Financial Performance - Q3 2025 - Revenue increased by 2% year-over-year (YoY)[9], reaching $945.2 million[73] - Adjusted Earnings Per Share (EPS) increased to $1.39, a YoY increase of more than $1[9] - The company achieved a strong operating margin of 9.2%[37] - Adjusted EBITDA margin improved to 12.9%, a 20 bps YoY increase and a 70 bps sequential increase[41, 47] - The company reported positive free cash flow for the fourth consecutive quarter[9], with $24.5 million in Q3 2025[82] Business Segments - Retail revenue increased by 8% YoY[9] - Banking segment revenue reached $690 million[49], with sequential growth of 1.6%[49] - Retail segment revenue reached $255 million[54], with sequential growth of 5.2%[54] Future Outlook and Strategy - The company reaffirmed its 2025 guidance, projecting adjusted EBITDA between $470 million and $490 million[58] - The company expects to nearly double full-year free cash flow YoY, targeting a 40%+ free cash flow conversion[58] - A new $200 million share repurchase authorization was announced[9, 60] - The company is targeting mid-single digit annual revenue growth rate by 2027[16] - The company is targeting adjusted EBITDA margins of approximately 15% by 2027[16]

Financial Performance & Strategy - The company generated positive free cash flow of $13 million in 2Q25 and $19 million in 1H25, maintaining a strong balance sheet with a net leverage ratio of 1.5x[10] - Backlog increased to approximately $980 million, supported by strong order entry growth of approximately 10% year-over-year[10] - The company is executing on an initial $100 million share repurchase authorization, with approximately $30 million repurchased in 2Q25, representing approximately 637,000 shares[10] - The company reaffirms its 2025 outlook and is trending toward the higher end of the range[10] - The company is targeting mid-single digit annual revenue growth rate by 2027, double-digit Adjusted EBITDA growth & ~15% margins by 2027, and plan to deliver $800 million in cumulative FCF from '25-27 and 60%+ FCF conversion in 2027[16] Segment Performance - Banking revenue increased sequentially, with total banking revenue reported as $679 million[45] - Banking gross profit increased sequentially, with total banking gross profit reported as $187 million, resulting in a gross margin of 27.5%[45,47] - Retail revenue increased sequentially, with total retail revenue reported as $236 million[51] - Retail gross profit increased sequentially, with total retail gross profit reported as $56 million, resulting in a gross margin of 23.7%[51,53] 2025 Guidance - The company reaffirms its 2025 guidance, expecting flat to low single-digit revenue growth, adjusted EBITDA between $470 million and $490 million, and free cash flow between $190 million and $210 million[56]

Financial Performance & Strategy - The company maintained a strong balance sheet with a net leverage ratio of 1.5x[6,57] - The company generated $6 million in free cash flow in 1Q25[6,66], improving on historical quarterly seasonality[66] - The company is executing on an initial $100 million share repurchase authorization, with $8 million repurchased in March, representing approximately 185,000 shares[6] - The company is targeting $190 million - $210 million of free cash flow in 2025[52], with a 40%+ free cash flow conversion rate[50] - The company anticipates ~$70 million in annual interest expense savings due to debt refinancing completed in December 2024[55,57] Revenue & Growth - New orders increased by 36% year-over-year, boosting the product backlog[6,28] - The company's total revenue for 1Q25 was $841.1 million [71], down 3.5% year-over-year excluding FX impacts[23,28] - The company anticipates revenue to be weighted towards the back-half of the year with a 45% 1H / 55% 2H split[50] Banking & Retail Segments - Banking revenue for 1Q25 was $629.5 million [85], flat year-over-year in constant currency[36] - Retail revenue for 1Q25 was $211.6 million [85], down 12.4% year-over-year in constant currency[42] Cost Management & Tariffs - The company estimates the gross cost impact of current tariff policies to be approximately $20 million [46,49], with mitigation strategies expected to offset up to approximately 50% of the gross cost increase in 2025[49]