NCR Atleos, LLC ( (NATL) ) has released its Q3 earnings. Here is a breakdown of the information NCR Atleos, LLC presented to its investors.
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NCR Atleos, LLC is a global leader in self-service financial solutions, specializing in ATMs and financial technology services with a focus on operational efficiency and innovation in the financial services sector.
NCR Atleos has reported strong financial results for the third quarter of 2024, surpassing both revenue and profit expectations. The company achieved a revenue of $1.08 billion, with service revenue hitting a record $843 million. The impressive financial performance has allowed the company to affirm its full-year guidance for 2024.
Key financial highlights include a GAAP net income of $24 million and an adjusted EBITDA of $207 million. The company’s operating cash flow for the quarter was $107 million, contributing to a year-to-date total of $264 million. Additionally, the adjusted free cash flow for the quarter was $38 million, with $123 million accumulated year-to-date. The company also reported a non-GAAP earnings per share of $0.89, moving towards the higher end of its guidance range.
Strategically, NCR Atleos has focused on expanding its service revenue and transaction types, enhancing customer performance metrics, and improving operational efficiencies post-separation from NCR Voyix. The company also completed debt refinancing in October, which is expected to bolster future earnings and cash flow.
Looking ahead to 2025, NCR Atleos is optimistic about increased demand for advanced ATM technologies and the growth of its ATM-networked financial utility model. This positive outlook is underpinned by the company’s strategic focus and the anticipated outsourcing trends in the financial services industry.
