Earnings summaries and quarterly performance for UNISYS.
Executive leadership at UNISYS.
Michael Thomson
Detailed
Chief Executive Officer and President
CEO
CA
Chris Arrasmith
Detailed
Executive Vice President and Chief Operating Officer
DM
Debra McCann
Detailed
Executive Vice President and Chief Financial Officer
KP
Kristen Prohl
Detailed
Senior Vice President, General Counsel, Secretary and Chief Administration Officer
TP
Teresa Poggenpohl
Detailed
Senior Vice President and Chief Marketing Officer
Board of directors at UNISYS.
DL
Deborah Lee James
Detailed
Director
JK
John Kritzmacher
Detailed
Director
MD
Matthew Desch
Detailed
Director
ND
Nathaniel Davis
Detailed
Lead Independent Director
PM
Paul Martin
Detailed
Director
PA
Peter Altabef
Detailed
Chair of the Board
PG
Philippe Germond
Detailed
Director
RP
Regina Paolillo
Detailed
Director
RT
Roxanne Taylor
Detailed
Director
TR
Troy Richardson
Detailed
Director
Research analysts who have asked questions during UNISYS earnings calls.
AS
Anja Soderstrom
Sidoti & Company, LLC
4 questions for UIS
Also covers: ATEN, BHE, DAKT +11 more
Rod Bourgeois
DeepDive Equity Research
4 questions for UIS
Also covers: CTSH, DXC
AS
Arun Seshadri
BNP Paribas
3 questions for UIS
Joseph Vafi
Canaccord Genuity - Global Capital Markets
2 questions for UIS
Also covers: ADV, ALIT, ASGN +20 more
Kellen D'Alleva
Jefferies
1 question for UIS
Recent press releases and 8-K filings for UIS.
Unisys Discusses Business Segments, Growth Outlook, and Pension Strategy
UIS
Guidance Update
New Projects/Investments
Share Buyback
- The ECS (ClearPath) segment is expected to maintain a 70% margin range and generate approximately $400 million per annum revenue, with AI viewed as a benefit driving consumption and minimal competition.
- The IT services segments (DWS and CANI) have a margin profile in the low- to mid-20s, with CANI having a larger Total Addressable Market (TAM) of ~$600 billion and a higher expected CAGR growth of 10%-12% compared to DWS's ~$150 billion TAM and 5%-8% CAGR.
- Unisys targets a normalized total company CAGR growth of 3%-5% in the medium term, despite current short-term macro challenges.
- The company has significantly reduced pension liability by $2.5 billion over the last five years, including a recent $320 million annuity in July, and anticipates full defeasance of the pension within three to five years, which is expected to improve net leverage to 2.5x or 2x.
- Management believes the ECS/L&S business alone is potentially worth more than the current market capitalization, and that resolving pension volatility and continued EBITDA improvement will significantly uplift the stock.
Jan 13, 2026, 8:45 PM
Unisys Provides Financial Overview and Capital Structure Update
UIS
Guidance Update
Debt Issuance
New Projects/Investments
- Unisys reported FY24 revenue of ~$2 billion, Adjusted EBITDA of ~$290 million, and Free Cash Flow of ~$55 million.
- The company is targeting ~150 basis points annual gross margin expansion for its Tech-Enabled Services (Ex-L&S) segment, having achieved >600 basis points expansion from 2022 to 2024.
- In June 2025, Unisys issued $700 million in new senior secured notes and contributed $250 million to U.S. pension plans; by September 2025, it transferred $320 million in U.S. pension liabilities as part of a strategy to remove $600 million in U.S. pension liabilities by year-end 2026.
- As of September 30, 2025, Unisys reported total debt of $1,218.3 million, cash of $321.9 million, and a net leverage ratio of 3.7x.
Jan 13, 2026, 8:45 PM
Unisys Discusses Segment Performance, Growth Outlook, and Pension Mitigation at Needham Conference
UIS
Guidance Update
New Projects/Investments
Debt Issuance
- The ClearPath (L&S) segment is expected to maintain 70% margins and generate $400 million per annum revenue, with AI seen as a benefit and no significant competition.
- The IT services segments (DWS and CANI) are projected to have mid-20s margins, with Cloud, Applications & Infrastructure (CANI) having a larger Total Addressable Market (TAM) of $600 billion and a higher CAGR growth of 10%-12% compared to Digital Workplace Solutions (DWS).
- Unisys expects a total company CAGR growth of 3%-5% in the medium term and has an 80% recurring revenue mix. The company has improved its margin profile by 600 basis points over the last couple of years.
- Unisys has made significant progress in mitigating pension liability, removing $2.5 billion over the past five years and recently completing a $320 million annuity. The company anticipates full pension defeasance within three to five years, which is expected to normalize net leverage to 2.5x, potentially down to 2x.
- The CEO believes Unisys is significantly undervalued, with the ClearPath business alone potentially worth more than the current market cap, attributing this to market hesitancy regarding pension volatility and a lack of appreciation for the ClearPath business.
Jan 13, 2026, 8:45 PM
Unisys Discusses Segment Performance, Growth Outlook, and Pension Strategy
UIS
Guidance Update
Debt Issuance
Share Buyback
- Unisys's ClearPath Forward (ECS/L&S) segment is expected to maintain a 70% margin range and generate approximately $400 million per annum revenue, with AI seen as a benefit and minimal competition.
- The IT Services segments (DWS and CA&I) are projected to have a mid-20s margin profile, with CA&I offering a larger Total Addressable Market (TAM) of $600 billion and higher Compound Annual Growth Rate (CAGR) of 10%-12%.
- Unisys targets a total company 3%-5% CAGR growth in the medium term.
- The company has reduced its pension liability by $2.5 billion over the last five years and anticipates full defeasance within three to five years, which could enable a return of capital to shareholders, such as a buyback program.
Jan 13, 2026, 8:45 PM
Unisys Discusses 2025 Financial Outlook and Strategic Priorities
UIS
Guidance Update
Demand Weakening
Debt Issuance
- Unisys reaffirmed its 2025 pre-pension free cash flow guidance at $110 million.
- The company projects its License and Support (L&S) revenue at $430 million for 2025, with a back-end loaded Q4 due to contract renewals, and an average of $400 million annually for 2026-2028. L&S gross margin is typically around 70%.
- Ex-L&S revenue guidance for 2025 was lowered due to timing issues, government funding pauses, and AI-related client hesitancy, with these headwinds expected to persist for several quarters into 2026.
- Unisys has reduced its pension deficit to $470 million and plans $280 million in additional cashless annuity purchases next year, targeting a leverage ratio of approximately 2.5x (including pension debt) in the near term.
Dec 2, 2025, 7:10 PM
Unisys Reaffirms 2025 Free Cash Flow Guidance and Provides LNS Revenue Outlook
UIS
Guidance Update
Demand Weakening
Debt Issuance
- Unisys reaffirmed its $110 million pre-pension free cash flow guidance for 2025 despite lowering its XLNS revenue outlook, which is now expected to be down approximately 4% year over year.
- The company expects its License and Support (LNS) segment revenue to be $430 million in 2025, with an implied $185 million-$190 million for Q4 2025, and projects an average of $400 million annually for 2026-2028.
- The GAAP pension deficit has been reduced to $470 million, with plans for an additional $280 million in cashless annuity purchases next year, and a long-term leverage target of approximately 2.5 times (including pension debt).
- The XLNS segment faces headwinds from IT budget constraints and client hesitancy, but AI is seen as a potential tailwind for improving efficiency and margins.
Dec 2, 2025, 7:10 PM
Unisys CFO Discusses 2025 Outlook, Pension Reduction, and Leverage Targets
UIS
Guidance Update
Demand Weakening
Debt Issuance
- Unisys expects $430 million in License and Support (LNS) revenue for 2025, with an implied $185 million-$190 million in Q4 2025, and an average of $400 million annually for 2026-2028.
- The company affirmed its 2025 pre-pension free cash flow guidance of $110 million, projecting approximately $390 million in cash by year-end, despite lowering XLNS revenue guidance due to market headwinds and project delays expected to persist into 2026.
- Unisys has reduced its GAAP pension deficit to $470 million and plans to complete $280 million in cashless annuity purchases next year, aiming for a leverage target of approximately 2.5 times (including pension debt) over the next few years.
- Significant SG&A reductions, largely completed by 2025 with full benefits in 2026, are helping to improve profitability amidst revenue pressures.
Dec 2, 2025, 7:10 PM
Unisys Provides Business Overview, Financial Performance, and Capital Structure Updates
UIS
Guidance Update
Debt Issuance
New Projects/Investments
- Unisys reported FY24 Revenue of ~$2.01 billion, Adjusted EBITDA of ~$292.1 million, and Free Cash Flow of ~$55.3 million.
- The company has taken significant steps to strengthen its capital structure, including issuing $700 million in new senior secured notes in June 2025 and transferring $320 million in U.S. pension liabilities in September 2025 as part of a plan to remove $600 million in U.S. pension liabilities by year-end 2026, aiming for full removal within 3-5 years.
- As of September 30, 2025, Unisys reported $700.0 million in Senior Secured Notes, an estimated Global Net Pension Deficit of ~$470 million, and a Net Leverage Ratio of 3.7x (including pension deficit).
- Unisys operates in the ~$1.6 trillion Global IT Services Market, projected to grow at an ~8.4% CAGR from 2024 through 2029, with its revenue primarily derived from Tech-Enabled Services (approximately 80%) and Software (approximately 20%).
- The company's focus includes its full-year 2025 financial guidance, expectations for pre-pension free cash flow, and continued efforts to reduce the uncertainty and volatility of cash requirements through pension liability removal.
Nov 19, 2025, 7:20 PM
Unisys Provides Business Overview and Strategic Priorities at Conference
UIS
Guidance Update
Debt Issuance
New Projects/Investments
- Unisys Corporation (UIS) reported approximately $2 billion in revenue, $290 million in adjusted EBITDA, and $55 million in free cash flow for 2024.
- The company's ClearPath Forward business, a key profit and cash engine, generates about $430 million of revenue with a 70% gross margin and is expected to remain stable until 2050.
- Strategic priorities include improving profitability and growth in its Cloud and Digital Workplace Solutions segments, streamlining SG&A with full benefits from cost reductions expected in 2026, and enhancing free cash flow conversion.
- Unisys is actively managing its capital structure, having refinanced debt and reduced its U.S. pension deficit from $500 million to $250 million by funding it with $200 million of incremental debt and $50 million of cash.
- The company is leveraging AI to improve delivery efficiency and margins in its services segments and views AI's role in adding complexity to the IT ecosystem as beneficial for IT service providers.
Nov 19, 2025, 7:20 PM
Unisys Corporation Provides 2024 Financial Highlights and Strategic Priorities
UIS
Guidance Update
Debt Issuance
New Projects/Investments
- Unisys Corporation, a global IT solutions provider, reported approximately $2 billion in revenue, $290 million in adjusted EBITDA, and $55 million in free cash flow for 2024.
- The company's ClearPath Forward segment is a significant profit and cash engine, generating about $430 million in revenue with a 70% gross margin, and is considered stable through 2050.
- Strategic priorities include improving profitability and growth in its Cloud and Digital Workplace Solutions segments, aiming for an aggregate 150 basis point gross margin improvement per year, while maintaining the high-margin ClearPath business.
- Unisys recently refinanced $700 million in debt and used $200 million of incremental funds to reduce its U.S. pension deficit from $500 million to $250 million, with a goal to remove the pension from its books within 3-5 years.
Nov 19, 2025, 7:20 PM
Quarterly earnings call transcripts for UNISYS.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more