Financial Data and Key Metrics Changes - The company achieved a core top-line growth of 6% and a 7% increase in EBITDA, with an impressive 22% growth in earnings per share [20][22] - Adjusted EBITDA reached $219 million, reflecting an 8% year-over-year increase in the core business [20][21] - Free cash flow generated in Q3 was $124 million, aligning with expectations and supporting the full-year outlook [23] Business Line Data and Key Metrics Changes - The self-service banking segment saw revenue grow 11% year-over-year, reaching a new quarterly high of $744 million, driven by a 25% increase in hardware deliveries [24] - The ATM as a Service segment experienced a 37% year-over-year growth, with significant additions to total contract value and customer count [12][26] - The network segment's revenue declined by 1% year-over-year to $328 million, impacted by lower payroll card transactions [28] Market Data and Key Metrics Changes - The company reported a 90% increase in cash deposit volumes, indicating strong market enthusiasm for modern banking solutions [30] - The number of ATMs in the network grew to approximately 81,000, reflecting an increase in device count and new retail customers [32] Company Strategy and Development Direction - The company aims to establish a track record of consistency and transparency while focusing on capital allocation strategies that prioritize debt reduction, business investment, and shareholder returns [33][34] - The strategic priority includes advancing customers through the continuum of ATM outsourced services to full outsourcing [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 guidance ranges, with expectations for continued growth in free cash flow conversion and profitability [36] - The company anticipates a recovery in the network business and expects to see growth in the fourth quarter [54] Other Important Information - The company has successfully completed its separation from legacy NCR, allowing resources to focus on growth [5] - The company plans to initiate a $200 million share repurchase program in the fourth quarter [34] Q&A Session Summary Question: Impact of lower prepaid card transaction volumes on the network business - Management noted that prepaid volumes have stabilized at lower levels, with expectations for a return to growth in the fourth quarter [38][39] Question: Expectations on tariffs affecting the business - Management indicated that the total impact of tariffs for the year is expected to be around $25 million, with future planning assuming a 25% tariff rate [40][41] Question: Transaction mix and profitability in the network business - Management stated that withdrawal transactions still make up the majority of revenue, but deposit transactions are increasing significantly, contributing to higher margins [42][44] Question: Growth expectations for ATM as a Service - Management projected a 40% growth rate for ATM as a Service in both Q4 and 2026, with strong backlog and high-quality contracts [45][46] Question: Future trajectory of adjusted EBITDA growth - Management expects to convert headwinds into tailwinds, with continued growth in ATM as a Service and hardware sales, leading to a projected growth rate of 45% [54]