Unisys reports Q4 non-GAAP EPS 33c, consensus 30c

Reports Q4 revenue $545.4M, consensus $550.93M. “In 2024, we exceeded the top end of our upwardly revised profitability guidance range and met our revenue guidance,” said CEO Peter Altabef. “We have improved the profitability of our Ex-L&S solutions and are seeing positive consumption trends and long-term client commitment to our highly profitable L&S platforms. We laid a strong foundation for future growth, signing 29% more New Business TCV driven by New Logo signings, which we believe validates the increasing recognition our solutions are receiving from our clients, prospects, industry analysts and advisors.” CFO Deb McCann said, “We are continuing to execute our strategy to enhance pre-pension and postretirement free cash flow, which nearly doubled to $82M for the full year. We believe we have a solid liquidity position and expect rising Ex-L&S profit contribution, operational efficiency and improved cash conversion will allow us to fund our future pension contributions and organic investments for profitable growth.”