From GlobeNewswire: 2025-02-12 08:00:00

Conduent Incorporated reported Q4 revenue of $800M and full-year revenue of $3,356M. Pre-tax income for Q4 was $(82)M, with a full-year income of $504M. New business signings ACV for Q4 were $137M, totaling $485M for the year. Net ARR activity metric for the year was $92M. Adjusted EBITDA margin was 4.0% in Q4 and 3.9% for the full year.

CEO Cliff Skelton highlighted a shift to growth in 2024, focusing on new leadership and improved client retention. Quarterly Adjusted Revenue and EBITDA increased over the past three quarters. The company completed three divestitures in 2024, using proceeds to reduce debt and achieve a 50% reduction compared to 2023 year-end. The liquidity position remains strong with a modest net leverage ratio.

For 2025, Conduent remains bullish on achieving expectations, focusing on a further rationalized portfolio and delivering outstanding service. The company achieved several milestones in technology-led solutions, operational excellence, and culture. It announced implementations and solutions in transportation, digital payment solutions, AI-driven solutions, and collaborations with Microsoft. Conduent earned recognition for industry leadership and culture.

In 2024, the company completed a share repurchase program and repurchased 52 million shares of common stock. Full-year pre-tax income was $504M, an increase from $(332)M in the prior year, driven by divestitures and a goodwill impairment. Adjusted free cash flow for the year was $(59)M. For FY 2025, the company expects Adjusted Revenue between $3,100M – $3,250M and Adjusted EBITDA margin between 4.5% – 5.5%.

Conduent will present its financial results in a conference call on February 12, 2025, at 9:00 a.m. ET. The call will be available via live audio webcast and by calling toll-free or international numbers. A recording of the call will be available until February 26, 2025. Conduent delivers digital business solutions across various sectors, leveraging cloud computing, AI, and advanced analytics to enhance customer experiences.



Read more at GlobeNewswire:: Conduent Reports Fourth Quarter and Full Year 2024