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NCR Atleos (NATL) Q3 FY2023 earnings: revenue $1.1 billion, up 3.6% on the year

NCR Atleos Corp. (NATL) reported revenue of $1.1 billion for Q3 FY2023, the quarter ended 30 September 2023, up 3.6% on the same quarter a year earlier. Net income was -$61 million, and diluted earnings per share $-0.82. The figures are the company's own, from the 10-Q it filed with the SEC on 14 November 2023.

Revenue$1.1 billionup 3.6%
Net income-$61 million
Diluted EPS$-0.82
QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue1,067n/an/an/a
Research and development17.0n/an/an/a
Selling, general and administrative160n/an/an/a
Operating income90.0n/an/an/a
Operating margin8.4%n/an/a
Interest expense6.0n/an/an/a
Pre-tax income86.0n/an/an/a
Income tax146n/an/an/a
Effective tax rate169.8%n/an/a
Net income-61.0n/an/an/a
Net margin-5.7%n/an/a
Diluted EPS-$0.82n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow147n/an/an/a
Capital expenditure48.0n/an/an/a
Free cash flow99.0n/an/an/a
Free cash flow margin9.3%n/an/a
Cash from investing-254n/an/an/a
Cash from financing2,259n/an/an/a
Depreciation and amortisation58.0n/an/an/a
Share-based compensation12.0n/an/an/a
Diluted shares, weighted71mn/an/an/a
Shares outstanding at period end71mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity3,590n/an/an/a
Non-controlling interest0.0n/an/an/a
Operating lease liabilities63.0n/an/an/a
Other liabilities4,656n/an/an/a
Total liabilities and equity8,309n/an/an/a
Fixed assets480n/an/an/a
Goodwill1,950n/an/an/a
Intangible assets653n/an/an/a
Cash and equivalents423n/an/an/a
Receivables428n/an/an/a
Inventory431n/an/an/a
Other assets3,944n/an/an/a
Total assets8,309n/an/an/a

Questions

What was NCR Atleos' revenue in Q3 FY2023?

NCR Atleos (NATL) reported revenue of $1.1 billion for Q3 FY2023, the quarter ended 30 September 2023, up 3.6% on the same quarter a year earlier.

How much did NCR Atleos earn in Q3 FY2023?

Net loss for Q3 FY2023 was $61 million, and the diluted loss per share $0.82.

When did NCR Atleos report Q3 FY2023 results?

NCR Atleos filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 14 November 2023.

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026
Revenue1,0671,0961,0461,0781,0731,1089801,1041,1211,1521,0431,103
R&D17.026.017.011.015.019.017.017.018.018.020.020.0
SG&A160140132132127130122116143132130133
Operating income90.030.068.010611414993.011911015684.0156
Operating margin8%3%7%10%11%13%9%11%10%14%8%14%
Interest expense6.0n/a79.079.079.072.067.069.068.066.063.062.0
Pre-tax income86.0-130-6.031.030.070.022.057.033.077.033.090.0
Tax rate170%n/an/a16%33%37%41%33%21%-10%33%28%
Net income-61.0-175-9.027.021.041.014.039.026.083.022.065.0
Net margin-6%-16%-1%3%2%4%1%4%2%7%2%6%
Diluted EPS-$0.82-$2.48-$0.11$0.39$0.32$0.55$0.23$0.60$0.34$1.09$0.29$0.86
Operating cash flow1478.01489.010780.0123-23.025.0231-9.030.0
Capital expenditure48.038.024.023.022.018.029.021.030.037.027.026.0
Free cash flow99.0-30.0124-14.085.062.094.0-44.0-5.0194-36.04.0
Buybacksn/an/an/an/an/an/a0.00.0n/an/a16.00.0
Shares outstanding71m71m71m71m71m73m73m74m74m74m74m74m
Filing10-Q10-K/A10-Q10-Q10-Q10-K/A10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreA quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 14 November 2023, accession 0001974138-23-000023: the filing on EDGAR. All of NCR Atleos Corp.'s filings: EDGAR company page.

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