Company profile

Ticker
UIS
Exchange
Website
CEO
Peter A. Altabef
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
380387840

UIS stock data

(
)

Calendar

4 Aug 20
6 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 438.8M 515.4M 741.5M 757.6M
Net income -78.6M 1.02B -16.9M -9.4M
Diluted EPS -1.25 16.21 -0.17 -0.23
Net profit margin -17.91% 197% -2.28% -1.24%
Operating income -8.5M 20.1M 37.4M 70.9M
Net change in cash -7.4M 250.8M 113.4M -81.8M
Cash on hand 782.2M 789.6M 538.8M 425.4M
Cost of revenue 363.9M 402.3M 591.3M 585.2M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.95B 2.83B 2.74B 2.82B
Net income -13.3M 78.9M -66.6M -36.7M
Diluted EPS -0.31 1.3 -1.3 -0.95
Net profit margin -0.45% 2.79% -2.43% -1.30%
Operating income 238.2M 284.1M 97.1M 129.2M
Net change in cash -66.2M -128.9M 363.3M 5.4M
Cash on hand 538.8M 605M 733.9M 370.6M
Cost of revenue 2.28B 2.14B 2.19B 2.2B

Financial data from Unisys earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
24 Jul 20 Vishal Gupta Common Stock Payment of exercise Dispose F No 10.99 1,900 20.88K 18,240
24 Jul 20 Vishal Gupta Common Stock Option exercise Aquire M No 0 6,313 0 20,140
24 Jul 20 Vishal Gupta Common Stock Payment of exercise Dispose F No 10.99 1,454 15.98K 13,827
24 Jul 20 Vishal Gupta Common Stock Option exercise Aquire M No 0 4,831 0 15,281
24 Jul 20 Vishal Gupta RSU Common Stock Option exercise Dispose M No 0 4,831 0 0
24 Jul 20 Vishal Gupta RSU Common Stock Option exercise Dispose M No 0 4,831 0 4,831
2 Jul 20 Eric Hutto Common Stock Payment of exercise Dispose F No 10.6 512 5.43K 122,874
2 Jul 20 Eric Hutto Common Stock Option exercise Aquire M No 0 1,302 0 123,386
2 Jul 20 Eric Hutto Common Stock Payment of exercise Dispose F No 10.6 506 5.36K 122,084
2 Jul 20 Eric Hutto Common Stock Option exercise Aquire M No 0 1,288 0 122,590

Financial report summary

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Risks
  • Future results may be adversely impacted if the company is unable to continue revenue growth and margin expansion in its Services business.
  • Future results may be adversely impacted if the company is unable to maintain its installed base and sell new solutions.
  • The company faces aggressive competition in the information services and technology marketplace, which could lead to reduced demand for the company’s services and products and could have an adverse effect on the company’s business.
  • The company has significant pension obligations and required cash contributions and may be required to make additional significant cash contributions to its defined benefit pension plans.
  • The company’s future results may be adversely impacted if it is unable to effectively anticipate and respond to volatility and rapid technological innovation in its industry.
  • The company’s future results will depend on its ability to retain significant clients.
  • A significant portion of the company’s revenue is derived from operations outside of the United States, and the company is subject to the risks of doing business internationally.
  • If the company is unable to access the financing markets, it may adversely impact the company’s business and liquidity.
  • A reduction in the company’s credit rating could adversely affect its business and/or the holders of its securities.
  • Cybersecurity breaches could result in the company incurring significant costs and could harm the company’s business and reputation.
  • The company may not achieve the operational and financial results that it anticipates in the future from the sale of its U.S. Federal business.
  • The company could face business and financial risk in implementing future acquisitions or dispositions.
  • The company’s business may be adversely affected by global economic conditions, acts of war, terrorism, natural disasters or the widespread outbreak of infectious diseases.
  • The impact of Brexit could adversely affect the company’s operations in the United Kingdom as well as the funded status of the company’s U.K. pension plans.
  • If the company is unable to attract, motivate and retain experienced and knowledgeable personnel in key positions, its future results could be adversely impacted.
  • A significant disruption in the company’s IT systems could adversely affect the company’s business and reputation.
  • The company may face damage to its reputation or legal liability if its clients are not satisfied with its services or products.
  • Future results will depend in part on the performance and capabilities of third parties with whom the company has commercial relationships.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • An involuntary termination of the company’s U.S. qualified defined benefit pension plans would adversely affect the company’s financial condition and results of operations.
  • The company’s services or products may infringe upon the intellectual property rights of others.
  • Legal proceedings could affect the company’s results of operations or cash flow or may adversely affect the company’s business or reputation.
Management Discussion
  • Revenue for the quarter ended June 30, 2020 was $438.8 million compared with $569.4 million for the second quarter of 2019, a decrease of 22.9% from the prior year. Foreign currency fluctuations had a 3 percentage-point negative impact on revenue in the current period compared with the year-ago period.
  • Services revenue decreased 17.7% and Technology revenue decreased 51.6% in the current quarter compared with the year-ago period. U.S. revenue decreased 16.2% in the second quarter compared with the prior-year quarter. International revenue decreased 26.8% in the current quarter compared with the prior-year period due to decreases in all regions. Foreign currency had a 5 percentage-point negative impact on international revenue in the three months ended June 30, 2020 compared with the three months ended June 30, 2019. The declines in revenue were largely due to expected declines in the company’s U.K. check-processing joint venture; impacts of COVID-19, including declines in field services, travel and entertainment and volume-based BPO contracts; as well as the timing of technology contract renewals.
  • Total gross profit margin was 17.1% in the three months ended June 30, 2020 compared with 26.8% in the three months ended June 30, 2019. The decline was principally due to a lower mix of higher margin software sales.
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