NCR Atleos Corp Stock Price, News & Analysis

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.

Travelex has partnered with NCR Atleos to modernize its entire ATM network, replacing hardware and software across 600 ATMs in eight countries. The upgrade includes the implementation of NCR Atleos' SelfServ ATM range and Vision monitoring software across UK, Netherlands, Switzerland, Germany, Italy, Czech Republic, Australia, and New Zealand. The new ATMs feature enhanced capabilities including touch screens, barcode readers, and contactless withdrawal options in select European locations. The system also supports Travelex's Click and Collect function in the UK, allowing customers to pre-order foreign currency online for collection at over 50 airport ATM locations.

NCR Atleos (NYSE: NATL) has extended its partnership with Rontec, the UK's second-largest independent forecourt operator. Through Atleos' Cashzone Network, Rontec provides free cash withdrawals at ATMs across its 267 petrol stations operating under Esso, BP, and Shell brands. The extended collaboration includes upgrading all ATMs at Rontec locations to increase site traffic and enhance customer value. The partnership aims to strengthen customer loyalty, drive revenue, and create competitive advantages across Rontec's retail network.

NCR Atleos (NYSE: NATL) has scheduled its third quarter 2024 earnings release for Tuesday, November 12, 2024, after market close. The company will host a conference call to discuss the results on Wednesday, November 13, 2024, at 8:30 a.m. Eastern Time. Investors can access the call via toll-free number 800-753-0725 or local number +1 786-460-7170 using passcode 9522236. The presentation materials and live call will be available on the company's investor relations website.

NCR Atleos (NYSE: NATL) announced that Tompkins Community Bank, a $7.8 billion-asset institution, has chosen Atleos' ATM as a Service (ATMaaS) solution to enhance its self-service banking offerings. This expanded partnership aims to modernize Tompkins' ATM fleet and improve customer experience while creating operational efficiencies.

With ATMaaS, Atleos will manage the bank's fleet hardware, software, logical security, installation, maintenance, cash management, and processing. This approach will simplify processes for the bank while enhancing reliability, uptime, and functionality for customers. The collaboration supports Tompkins' mission to be a community bank with local ties and broad financial capabilities.

Martin O. Cross, SVP and Banking Operations Manager at Tompkins, highlighted that this partnership will enable the bank to quickly offer new features at the self-service banking channel while reducing complexities and freeing staff time for customer-facing activities.

NCR Atleos (NYSE: NATL) has expanded its partnership with Bank of Hawaiʻi, which has selected Atleos' ATM as a Service (ATMaaS) solution to transform its self-service banking channel. This decision aims to update an aging fleet and expand access to self-service banking more cost-efficiently. The ATMaaS implementation will allow Atleos to manage the bank's fleet's hardware, software, security, installation, maintenance, and cash management.

Taryn Salmon, vice chair and chief information and operations officer at Bank of Hawaiʻi, emphasized their commitment to providing exceptional service and accessible self-service options. Ron Furnier, vice president of sales for Atleos, highlighted that this partnership will support the bank in meeting changing customer expectations while optimizing physical touchpoints.

NCR Atleos (NYSE: NATL) has announced a partnership with NuMark Credit Union to modernize their branch network. NuMark has selected Atleos' ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) solutions, along with the ATM Management Platform (AMP) Interactive Services. This collaboration aims to enhance self-service banking for members while increasing operational efficiencies.

NuMark Credit Union, serving Southwest Chicago for over 65 years with 13 branches and more than 50,000 members, will transfer complete responsibility of its fleet to Atleos. This includes distribution, installation, maintenance, and cash management. The partnership is expected to expand member services, reduce complexities, and costs while providing a digitally optimized, seamless experience across various touchpoints.