Q1 2025 NCR Atleos Corp Earnings Call Transcript
Key Points
- NCR Atleos Corp (NATL) reported a strong start to 2025 with first-quarter results in line with expectations.
- The company achieved a 9% growth in adjusted EBITDA, driven by a favorable revenue mix and productivity initiatives.
- Self-service banking segment saw a 6% growth in combined services and software revenue, contributing to a 320 basis point margin expansion.
- ATM as a service revenue grew by 24%, with a 54% increase in gross profit and over 700 basis points of gross margin expansion.
- The network segment signed a significant partnership with 7-Eleven, adding thousands of locations for its AllPoint network.
- The company faces potential impacts from tariffs, which could result in a $25 million cost impact for the year.
- Liberty X Bitcoin transaction revenue continues to decline due to regulatory changes, impacting overall revenue.
- Hardware revenue was down year-over-year in Q1, although it is expected to grow in the remainder of the year.
- The company is experiencing lower transaction volumes in the UK, affecting the network segment's performance.
- NCR Atleos Corp (NATL) is dealing with the closure of low-performing retail partner locations, which could impact transaction volumes.
Good day and welcome to the NCR at Leo's first quarter FY25 earnings call. Today's conference is being recorded. At this time I'd like to turn the conference over to Brendan Metrano, head of investor relations. Please go ahead.
Good morning and thank you for joining the ATLOS first quarter 2025 earnings call. Joining me on the call today are Tim Oliver, CEO Andy Walzer, CFO, and Stuart McKinnon, COO. Tim, we'll start this morning with an overview of the company's business performance and strategic progress in the first quarter.
And you will follow with a review of our financial results and our outlook for the 2nd quarter and full year. Then we'll move to Q&A.
Before we get started, let me remind you that our presentation and discussions will include forward-looking statements which are often expressed by words such as may, will, include, expect, in other words, of similar meaning.
These statements reflect our current expectations and beliefs and are
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