Welcome to our dedicated page for NCR Atleos news (Ticker: NATL), a resource for investors and traders seeking the latest updates and insights on NCR Atleos stock.
NCR Atleos Corp (NATL) is a leader in self-service banking technology, providing integrated ATM, ITM, and network solutions for financial institutions worldwide. This page serves as the definitive source for verified company news, offering stakeholders timely updates on strategic developments.
Access official press releases, earnings reports, and announcements covering product innovations, partnerships, and operational milestones. Investors and industry professionals will find curated updates on self-service banking advancements, network security initiatives, and market expansion efforts.
Content includes quarterly financial results, technology deployment updates, and executive leadership announcements. Bookmark this page to stay informed on NATL’s role in shaping the future of automated banking solutions.
NCR Atleos (NYSE: NATL), a leader in self-service financial solutions, has launched multi-bank deposit ATMs in the UK. These ATMs are connected to the LINK network, which integrates almost all UK ATMs, ensuring widespread cash access.
The first installations were in Co-op Food stores in Ormskirk, followed by Dover, Heathfield, and Swanage, with more locations planned. This initiative supports local economies and provides essential cash services, especially in regions with closed bank branches.
The service targets consumers needing cash deposits outside regular banking hours or in areas without physical bank branches, addressing a critical need for continued cash access.
NCR Atleos (NYSE: NATL) reported its Q1 2024 financial results, highlighting a strong start to the year with revenues of $1.05 billion, up 6% YoY, and recurring revenues reaching a record $763 million, a 7% increase.
Adjusted EBITDA grew by 11% to $162 million, and the company achieved an adjusted free cash flow of $69 million. Despite a GAAP net loss of $8 million and a diluted loss per share of $0.11, the non-GAAP diluted earnings per share stood at $0.41.
Self-service banking and network segments saw solid performance, with revenue increases of 4% and 3%, respectively. The company reaffirmed its full-year guidance, projecting revenues between $4.20-$4.40 billion and adjusted EBITDA of $770-$800 million.
The reaffirmation of the 2024 financial targets and the issuance of Q2 guidance underscore the company's optimistic outlook, driven by market-leading solutions in self-service banking and a vast ATM network.
NCR Atleos announced a partnership with Palmetto Citizens Federal Credit Union to expand access to their Allpoint Network. Palmetto Citizens will provide over 83,000 members with fee-free ATM transactions through a network of 55,000 ATMs. This partnership aims to offer more convenience and choice to members.
NCR Atleos (NYSE: NATL) announced that it will release its first quarter 2024 financial results after the market close on May 13, 2024. A conference call to discuss the results will be held on May 14 at 8:30 a.m. Eastern Time. Participants can access the call via dial-in number or online. Details for accessing the call are provided in the press release.
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