Earnings summaries and quarterly performance for NCR Atleos.
Executive leadership at NCR Atleos.
Timothy Oliver
Detailed
President and Chief Executive Officer
CEO
AB
Andrea Burson
Detailed
Executive Vice President and Chief Human Resources Officer
AW
Andrew Wamser
Detailed
Executive Vice President and Chief Financial Officer
AD
Andy Duvall
Detailed
Chief Accounting Officer
RN
Ricardo Nuñez
Detailed
Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer
SM
Stuart Mackinnon
Detailed
Executive Vice President and Chief Operating Officer
Board of directors at NCR Atleos.
Research analysts who have asked questions during NCR Atleos earnings calls.
MS
Matt Summerville
D.A. Davidson & Co.
5 questions for NATL
Also covers: ALTG, AME, AOS +17 more
DG
Dominick Gabriele
Compass Point Research & Trading, LLC
4 questions for NATL
Also covers: AVDX, BFH, JKHY +2 more
CS
Christopher Senyek
Wolfe Research
3 questions for NATL
Also covers: BE, ECG, EVR +2 more
George Tong
Goldman Sachs
3 questions for NATL
Also covers: ADT, BCO, BFAM +25 more
JH
James Holmes
Stifel, Nicolaus & Company, Incorporated
3 questions for NATL
AL
Antoine Legault
Wedbush Securities
2 questions for NATL
Also covers: DBD, QBTS
CS
Chris Senyek
Wolfe Research, LLC
2 questions for NATL
Also covers: BE, ECG, PWR
KF
Keen Fai Tong
Goldman Sachs Group Inc.
2 questions for NATL
Also covers: ADT, BCO, BFAM +21 more
SR
Shlomo Rosenbaum
Stifel, Nicolaus & Company, Incorporated
2 questions for NATL
Also covers: ARMK, CCC, CCCS +19 more
Recent press releases and 8-K filings for NATL.
NCR Atleos Investigated by Ademi LLP Over Brink's Transaction
NATL
M&A
Legal Proceedings
Takeover Bid
- Ademi LLP is investigating NCR Atleos (NATL) for potential breaches of fiduciary duty and other legal violations related to its recently announced transaction with Brink's Company.
- In the transaction, NCR Atleos stockholders are to receive $30.00 in cash and 0.1574 shares of Brink's common stock per share, representing an implied value of $50.40 per share based on Brink's February 25, 2026 closing price.
- The investigation is examining the conduct of the NCR Atleos board of directors, specifically concerning substantial benefits for insiders and a significant penalty clause that may unreasonably limit competing bids.
1 day ago
Brink's and NCR Atleos Announce Combination
NATL
M&A
- Brink's and NCR Atleos announced a transaction to combine, aiming to create a leader in financial technology infrastructure.
- The transaction implies a value of $6.6 billion for NCR Atleos, representing a 24% premium over its closing stock price on February 25, 2026.
- NCR Atleos shareholders will receive $30 per share in cash plus 0.1574 Brink's shares per NCR Atleos share, resulting in NCR Atleos shareholders owning approximately 22% of the combined company.
- The combined company expects to achieve $200 million in annual run-rate cost synergies within three years of closing and be at least 35% EPS accretive.
- The transaction is expected to close in Q1 2027, subject to regulatory and shareholder approvals.
1 day ago
NATL Announces Acquisition of NCR Atleos
NATL
M&A
- NATL (Brink's) has agreed to acquire NCR Atleos, combining two complementary financial technology infrastructure providers.
- The combined business is expected to achieve total revenue of approximately $10 billion, Adjusted EBITDA of approximately $2 billion, and Adjusted EBITDA margins approaching 20%.
- The acquisition is projected to generate $200 million in annual run rate synergies by the third year, primarily from SG&A, shared networks, and procurement.
- Strategically, the combination leverages NCR Atleos' large installed base of approximately 600,000 ATMs and capabilities to enhance scale, expand recurring subscription-based revenue, and drive a resilient mid-single-digit organic revenue growth outlook.
1 day ago
The Brink's Company to acquire NCR Atleos
NATL
M&A
New Projects/Investments
Guidance Update
- The Brink's Company announced an agreement to acquire NCR Atleos for an implied value of approximately $6.6 billion. The consideration for each NCR Atleos common share includes $30 in cash and 0.1574 shares of Brink's.
- The transaction is expected to generate $200 million in annual run rate cost synergies within three years and be at least 35% accretive to EPS in year 1.
- The combined business is projected to have total revenue of approximately $10 billion, Adjusted EBITDA of approximately $2 billion, and Adjusted EBITDA margins approaching 20%. It is also expected to generate over $1 billion of annual free cash flow within a couple of years.
- The acquisition is anticipated to close in the first quarter of 2027 , bringing together complementary financial technology infrastructure providers and adding NCR Atleos' global base of 600,000 ATMs.
1 day ago
NCR Atleos announces acquisition by Brink's
NATL
M&A
Takeover Bid
Guidance Update
- Brink's has agreed to acquire NCR Atleos for an implied value of approximately $6.6 billion, consisting of $30 per share in cash and 0.1574 shares of Brink's for each common share of NCR Atleos.
- The acquisition is expected to generate $200 million in annual run rate cost synergies within three years and be at least 35% accretive to EPS in year 1.
- The combined company is projected to achieve approximately $10 billion in total revenue, $2 billion in Adjusted EBITDA, and generate over $1 billion in annual free cash flow.
- The transaction is anticipated to close in the first quarter of 2027, subject to customary closing conditions, including regulatory and shareholder approvals.
1 day ago
NCR Atleos to be acquired by Brink's for $6.6 billion
NATL
M&A
Takeover Bid
- The Brink's Company will acquire NCR Atleos Corporation in a cash and stock transaction valued at approximately $6.6 billion, including the assumption of approximately $2.6 billion of NCR Atleos’ indebtedness.
- Each outstanding share of NCR Atleos will be converted into the right to receive $30.00 in cash and 0.1574 shares of Brink's common stock. This represents an implied value of $50.40 per share of NCR Atleos, a premium of approximately 24% over its closing share price on February 25, 2026.
- The transaction, which has been unanimously approved by the boards of directors of both companies, is expected to close in the first quarter of 2027, pending customary closing conditions including regulatory and shareholder approvals.
- The acquisition is anticipated to be at least 35% accretive to EPS for Brink's and is expected to generate $200 million in annual run-rate cost synergies within three years of closing.
1 day ago
NCR Atleos Reports Strong 2025 Results and Announces Acquisition by The Brink's Company
NATL
Earnings
M&A
Guidance Update
- NCR Atleos Corporation reported full-year 2025 total revenue of $4.35 billion, an increase of 1% from 2024, and net income attributable to Atleos of $162 million, a 103% increase from 2024.
- For Q4 2025, total revenue increased 4% year-over-year to $1.15 billion, with diluted earnings per share of $1.09, up 98% from the prior year quarter.
- The company generated $356 million in net cash provided by operating activities and $326 million in Adjusted Free Cash Flow for the full year 2025, both representing a 35% year-over-year increase.
- NCR Atleos announced it has entered into a definitive agreement to be acquired by The Brink’s Company in a cash and stock transaction.
- Following the acquisition announcement, Atleos will not issue 2026 financial guidance and has suspended its share repurchase program.
1 day ago
NCR Atleos Reports Strong 2025 Results and Announces Acquisition by The Brink's Company
NATL
Earnings
M&A
Guidance Update
- NCR Atleos Corporation reported strong financial results for 2025, with Total Revenue of $4.35 billion and Adjusted Free Cash Flow of $326 million, the latter showing a 35% year-over-year increase.
- The company announced its entry into a definitive agreement to be acquired by The Brink’s Company.
- In connection with the acquisition, Atleos has suspended its share repurchase program and will not be issuing 2026 financial guidance.
- Key operational highlights for 2025 included 7% growth in Self-Service Banking revenue, driven by 14% hardware growth and 33% ATM as a Service growth, with 71% of total revenue derived from recurring streams.
1 day ago
NATL Discusses Post-Separation Strategy, Financial Health, and Growth Initiatives
NATL
Guidance Update
Share Buyback
New Projects/Investments
- NATL has completed its separation from NCR, achieving sub-three times leverage ahead of schedule and reinstating shareholder returns through share repurchases. The company aims for 50+% cash flow conversion in a few years, with projected conversion rates of 35% next year and 40% the following year.
- Strategically, Atleos 2.0 focuses on protecting its 500,000-strong installed device base and 8,000-person services footprint, which is now the largest fleet globally. The company is expanding its ATM as a Service offering, which more than doubles the ARPU on devices and is accretive to local margin rates.
- The hardware cycle is expected to be a three to four-year mini-cycle, with NATL seeing 15%-20% growth in devices placed this year and a strong order book for the first half of next year.
- NATL is deploying AI in its service organization, leading to cost savings and improved service levels, with a reduction of approximately 700 people in the service organization.
- The company is currently absorbing a $25-$30 million tariff hit this year due to a 50% tariff rate on imports from India, but expects the rate to settle around 15%-16%.
Nov 20, 2025, 4:00 PM
NCR Atleos Details Atleos 2.0 Strategy and Financial Outlook
NATL
Guidance Update
Share Buyback
New Projects/Investments
- Following its separation from NCR two years ago, NCR Atleos (NATL) is focusing on Atleos 2.0, emphasizing the protection of its 500,000-device installed base and 8,000-CE service footprint, while expanding kiosk capabilities for physical-to-digital transactions.
- The company has achieved sub-three times leverage ahead of schedule and reinstated share repurchases. It anticipates its cash conversion rate to increase from 30% to 35% in 2026 and potentially 40% in 2027. A significant debt refinancing opportunity in October 2026 could lead to $40 million in annual interest savings.
- The ATM as a Service (AaaS) business has grown to almost $300 million and has posted five consecutive quarters of double-digit growth, with 37% growth in Q3 (2025) and 65% flow-through. NATL expects to sustain a 40% growth rate for AaaS in 2026 and beyond.
- NATL is leveraging AI tools to enhance the effectiveness of its customer engineers and plans to apply AI to selling efforts. The M&A strategy focuses on small, accretive bolt-on acquisitions to expand the network, add device functionality (e.g., for Stablecoin transactions), or acquire underutilized fleets.
Nov 20, 2025, 4:00 PM
Quarterly earnings call transcripts for NCR Atleos.
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