Unisys Corp. (UIS) Tops Q3 EPS by 3c, Revenues Beat; Raises FY19 Revenue Growth Guidance
Unisys Corp. (NYSE: UIS) reported Q3 EPS of $0.49, $0.03 better than the analyst estimate of $0.46. Revenue for the quarter came in at $757.6 million versus the consensus estimate of $714.85 million.
- Total revenue grew 10.1% year over year (11.8% on a constant-currency(1) basis)
- Total non-GAAP adjusted revenue(3) grew 9.6% year over year, representing the sixth-consecutive quarter of year-over-year growth
- Operating profit margin expanded 130 basis points year over year to 9.4%
- Non-GAAP operating profit(4) margin expanded 100 basis points year over year to 8.7%
- EPS was a loss of $0.23 per share relative to a gain of $0.12 per share in the prior-year period (current period includes a $20.2 million or $0.35 per share charge related to the convertible note transaction)
- Non-GAAP diluted EPS(10) was up 25.6% year over year to $0.49 per share
- Operating cash flow grew $33.2 million year over year to $17.7 million
- Adjusted free cash flow(12) grew $41.9 million year over year to $35.5 million
- Company increases full-year 2019 non-GAAP adjusted revenue guidance from 2 to 5%, to 3 to 7% year-over-year growth and reaffirms full-year guidance for non-GAAP operating profit margin and adjusted EBITDA margin
"We are pleased to see continued revenue growth and margin expansion for the company overall this quarter," said Unisys Chairman and CEO Peter A. Altabef. "Our U.S. Federal business saw strong revenue growth, and our Enterprise Solutions business helped drive our profitability expansion year over year."
For earnings history and earnings-related data on Unisys Corp. (UIS) click here.
