Anja Soderstrom

Rod Bourgeois

Arun Seshadri

Joseph Vafi

Kellen D'Alleva

- Unisys reported approximately **$2 billion in revenue**, just under **$300 million in adjusted EBITDA**, and over **$50 million in free cash flow for 2024**.  **[746838_tx_375164_1]** 
- In June, Unisys issued **$700 million in senior secured notes** and contributed **$250 million to pension plans**, reducing the U.S. defined benefit pension deficit from **$500 million to $250 million**.  **[746838_tx_375164_6]** 
- These pension actions are projected to yield a **$70 million benefit to cash flows over five years** and aim to terminate the pension plan within **three to five years**.  **[746838_tx_375164_7]** 
- The company targets **150 basis points of annual gross margin expansion** in its XLNS solutions, building on **600 basis points of expansion since 2022**, and has reduced its SG&A base by **$30 million to $40 million**.  **[746838_tx_375164_4]** 
- Unisys projects future free cash flows of **$130 million to $140 million** on **$300 million of EBITDA** six years out, with current pre-pension free cash flow at **$110 million**.  **[746838_tx_375164_10]**

UNISYS (UIS)