NCR Atleos Corp - NATL STOCK NEWS

NCR Atleos (NYSE: NATL), the world's largest independent ATM operator, has announced the expansion of its Cashzone ATM network into Italy, marking its thirteenth country of operation. The expansion aims to provide convenient cash access for both residents and tourists in this cash-dependent country.

The network will be deployed across premier retail locations throughout Italy, offering multiple benefits: consumers gain easy access to cash, retailers benefit from increased foot traffic and new revenue streams, and banks can extend their reach without investing in physical branches. This initiative represents the growing momentum of utility ATM networks, enabling more profitable and engaging customer experiences.

NCR Atleos (NYSE: NATL) announced a leadership transition as Paul Campbell steps down from his role as Executive Vice President and Chief Financial Officer. Campbell, who was appointed CFO in October 2023 following Atleos' spin-off from NCR Corp., will remain with the company through April 1 to ensure a smooth transition after a 35-year career across four continents.

The company has appointed Andy Wamser as the new Chief Financial Officer, effective January 27, 2025. Wamser joins from BlueLinx where he served as Senior Vice President and CFO. His experience includes executive roles at Mativ Holdings, AutoNation, and investment banking positions at Barclays Capital PLC and UBS.

CEO Tim Oliver emphasized that Wamser's appointment followed a robust search process, highlighting his experience as CFO for public companies and background in investment banking and capital markets as key factors in the selection.

NCR Atleos (NYSE: NATL) announced that nbkc bank, a $1.1 billion-asset institution, has selected Atleos' Allpoint Network to expand its banking services. This partnership provides nbkc customers with surcharge-free access to an additional 55,000 ATMs worldwide in retail locations.

The collaboration includes access to cash deposit capabilities at over 3,000 locations within the Allpoint Network. Customers will experience a co-branded digital interface during ATM transactions. This expansion aims to enhance customer convenience by providing self-service banking options at familiar retail locations where customers regularly shop.

NCR Atleos (NYSE: NATL) announced an extended partnership with East of England Co-op to provide ATMs through the Cashzone Network across its stores. The Co-op, one of East Anglia's largest independent businesses with over 200 stores and 3,000 employees, will enhance surcharge-free cash access for its customers through this collaboration.

Building on their 11-year relationship, this expansion leverages Atleos' Cashzone Network, which operates more than 16,000 ATMs across the UK. The partnership aims to strengthen brand loyalty and community connections while providing reliable and secure cash access services to Co-op members and customers.

NCR Atleos (NYSE: NATL) announced an expanded partnership with Envision Credit Union to enhance self-service banking operations. The Florida-based credit union has selected Atleos' ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) solutions to modernize its aging ATM fleet and improve operational efficiency. The partnership will allow Envision CU to outsource ATM fleet management, including hardware, software, security, maintenance, and cash management to Atleos. The credit union also utilizes Atleos' ATM Management Platform for connected experiences and participates in the Allpoint Network for surcharge-free ATM access.

NCR Atleos (NYSE: NATL) has announced its participation in three upcoming investor conferences in late 2024. The company will present at the Stephens Annual Investment Conference in Nashville on November 20 at 12:00 PM ET, followed by a virtual presentation at the Furey Research Partners Hidden Gems Conference on November 25 at 1:00 PM ET. Additionally, Atleos will host investor meetings at the Wolfe Research Small and Mid-Cap Conference in New York City on December 4. All presentations will be accessible through the company's investor relations website.

NatWest Group has expanded its partnership with NCR Atleos (NYSE: NATL) to modernize its self-service banking infrastructure. The initiative involves upgrading over 5,500 ATMs and multi-function devices across their network, which serves 19 million customers through brands including NatWest Bank, Royal Bank of Scotland, and Ulster Bank.

The upgrade features new NCR Atleos technology with 19-inch touchscreen displays and an innovative customer interface. This transformation aims to streamline branch operations, optimize availability, and enable faster deployment of new services, reinforcing NatWest's commitment to providing secure and uninterrupted access to cash and essential financial services.

NCR Atleos (NYSE: NATL) has secured a new five-year agreement to provide Cashzone Network ATMs in Waitrose supermarkets across the UK. The collaboration between Atleos and the John Lewis Partnership, Britain's largest employee-owned business, has successfully increased awareness of John Lewis Money products and improved cash accessibility for consumers. The partnership builds on their decade-long relationship, focusing on providing secure and convenient cash withdrawal services in store locations.

NCR Atleos (NYSE: NATL) reported strong Q3 2024 results with revenue of $1.08 billion, including record service revenue of $843 million. The company achieved GAAP net income of $24 million and Adjusted EBITDA of $207 million. Earnings per share reached $0.32 GAAP and $0.89 non-GAAP. Operating cash flow was $107 million in Q3, with adjusted free cash flow of $38 million. The company reaffirmed its 2024 guidance and moved non-GAAP EPS guidance to the high end of the range. In October 2024, Atleos completed debt refinancing, reducing the weighted average spread to SOFR by approximately 100 basis points on $1.7 billion of variable rate debt.