UNISYS CORP 8-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Filing date:

03/14/2025


TLDR:

Unisys Corporation is providing reclassified financial segment information from prior periods due to changes in its organizational structure, which were previously discussed during the Company’s 4th quarter earnings call on February 19, 2025 and disclosed in the Company’s Form 10-K for the year ended December 31, 2024.

ELI5:

Unisys is changing how it organizes its business to better serve its customers. To help investors understand these changes, Unisys is providing updated financial information from past years, broken down by the new business segments.


Accession #:

0000746838-25-000010

Published on

Analyst Summary

  • Effective January 1, 2025, Unisys reorganized its business segments to better address client needs and leverage synergies.
  • Business processing solutions previously reported within ‘Other’ have been integrated into the Enterprise Computing Solutions (ECS) and Cloud, Applications & Infrastructure Solutions (CA&I) segments.
  • The application development solution formerly within ECS has been centralized within CA&I.
  • The Digital Workplace Solutions segment remains unchanged.
  • Segment information has been retroactively reclassified for 2024 and 2023 to conform with the 2025 presentation.
  • These changes have no impact on the company’s consolidated financial statements.
  • Reclassified unaudited segment financial information is provided as Exhibit 99.1.
  • For the three months ended March 31, 2024, total revenue was $487.8 million, with a gross profit of $136.0 million and a gross profit percent of 27.9%.
  • For the three months ended March 31, 2023, total revenue was $516.4 million, with a gross profit of $159.0 million and a gross profit percent of 30.8%.
  • For the three months ended June 30, 2024, total revenue was $478.2 million, with a gross profit of $129.9 million and a gross profit percent of 27.2%.
  • For the three months ended June 30, 2023, total revenue was $476.8 million, with a gross profit of $115.8 million and a gross profit percent of 24.3%.
  • For the three months ended September 30, 2024, total revenue was $497.0 million, with a gross profit of $145.0 million and a gross profit percent of 29.2%.
  • For the three months ended September 30, 2023, total revenue was $464.6 million, with a gross profit of $95.3 million and a gross profit percent of 20.5%.
  • For the three months ended December 31, 2024, total revenue was $545.4 million, with a gross profit of $175.0 million and a gross profit percent of 32.1%.
  • For the three months ended December 31, 2023, total revenue was $557.6 million, with a gross profit of $181.2 million and a gross profit percent of 32.5%.
  • For the year ended December 31, 2024, total revenue was $2,008.4 million, with a gross profit of $585.9 million and a gross profit percent of 29.2%.
  • For the year ended December 31, 2023, total revenue was $2,015.4 million, with a gross profit of $551.3 million and a gross profit percent of 27.4%.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️