Unisys Corp. (UIS) Misses Q1 EPS by 5c, Reaffirms FY17 Guidance

Unisys Corp. (NYSE: UIS) reported Q1 EPS of ($0.65), $0.05 worse than the analyst estimate of ($0.60). Revenue for the quarter came in at $665 million versus the consensus estimate of $629.38 million.

GUIDANCE:

Unisys Corp. sees FY2017 revenue of $2.65-2.75 billion, versus the consensus of $2.71 billion.

1Q 2017:

• Operating profit margin was (0.4) percent, up 370 basis points year over year
• Non-GAAP operating profit(4) margin was 6 percent, up 340 basis points year over year
• Revenue was roughly flat year over year at $665 million versus $667 million in the prior-year period
• Net loss attributable to Unisys Corporation common shareholders was $(33) million, relative to $(40) million in the prior-year period
• Adjusted EBITDA(5) was $84 million, an increase of 41 percent year over year; Adjusted EBITDA margin was 13 percent, an increase of 370 basis points year over year
• Diluted loss per share of $(0.65), versus $(0.80) in the prior-year period; Non-GAAP diluted earnings per share(7) of $0.30 versus $0.11 in the prior-year period
• Unisys reaffirms full-year guidance for revenue of $2.65-2.75 billion, non-GAAP operating profit margin of 7.25-8.25 percent and adjusted free cash flow of $130-170 million

For earnings history and earnings-related data on Unisys Corp. (UIS) click here.

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