NCR Atleos, LLC ( (NATL) ) has released its Q4 earnings. Here is a breakdown of the information NCR Atleos, LLC presented to its investors.
NCR Atleos, LLC, a leader in self-service financial access and ATM solutions, has reported its financial results for the fourth quarter and full year of 2024. The company, known for its extensive ATM network and innovative services, operates in the financial technology sector, enhancing operational efficiency for financial institutions and retailers globally.
The company’s fourth quarter results exceeded expectations, with strong cash flow and earnings per share (EPS) performance. Operating cash flow reached $80 million in Q4, contributing to a total of $344 million for the fiscal year. Adjusted free cash flow was $119 million in Q4, with a full-year total of $242 million. Revenue for the fourth quarter was $1.1 billion, marking a 1% increase, while core business revenue grew by 4%.
Key financial highlights include a significant increase in GAAP fully diluted EPS, which grew by 126% to $0.61 in Q4, and a 73% rise in non-GAAP EPS to $1.11. For the full year, revenue grew by 3% to $4.3 billion, with recurring revenue increasing by 5% to $3.1 billion. The company’s adjusted EBITDA also saw a 7% increase, reaching $781 million for the year.
Looking ahead, NCR Atleos is optimistic about 2025, with favorable market conditions and a focus on outsourced solutions for banks and retailers. The company aims to drive growth through customer adoption of its solutions, continuous improvement, and innovation efforts, while also reducing leverage and enhancing strategic flexibility.
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