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 Corporation (NYSE: NATL) generates a steady flow of news related to self-service banking, ATM networks and financial technology partnerships. As a financial technology company focused on expanding self-service financial access, its announcements often highlight collaborations with banks, credit unions, retailers and other partners that use its ATM, ITM and network capabilities.
News items commonly cover ATM network expansions, such as agreements where financial institutions modernize or extend their ATM footprints using the NCR Atleos Cashzone Network or the Allpoint and Allpoint+ deposit-accepting networks. These stories may describe new branded ATM deployments, additional deposit locations and broader geographic reach for customers and members.
Another frequent theme is technology and innovation. NCR Atleos has reported initiatives involving conversational AI-powered avatars at branch kiosks, AI-driven speech analytics and thought leadership on utility ATM networks and financial inclusion. Such updates give insight into how the company applies software, AI and network infrastructure to banking and retail environments.
Investors and industry observers can also find financial and corporate updates in NATL news, including quarterly earnings releases, conference call announcements and participation in investor conferences. These items provide context on segment performance, revenue mix between products and services, and the company’s view of self-directed banking trends.
For anyone tracking NCR Atleos, this news stream helps illustrate how the company’s self-service banking model is adopted across different markets and customer types, and how its network and technology offerings evolve over time. Regularly reviewing NATL news can support research into its partnerships, product focus and strategic priorities.
NCR Atleos (NYSE: NATL) reported strong Q2 2024 results, with revenue growing 4% year-over-year to $1.08 billion. Recurring revenue increased 9% to $793 million. The company achieved a GAAP net income of $29 million and Adjusted EBITDA of $193 million. GAAP fully diluted income per share was $0.39, while non-GAAP fully diluted earnings per share reached $0.81.
Atleos reaffirmed and narrowed its full-year 2024 targets, projecting revenue between $4.26-$4.34 billion and Adjusted EBITDA of $770-$800 million. The company also issued Q3 2024 guidance, expecting revenue of $1.045-$1.075 billion and Adjusted EBITDA of $195-$205 million.
NCR Atleos (NYSE: NATL) announced that Credit Union of America (CUA), a $1.5 billion-asset institution, has joined Atleos' Allpoint Network to expand its national reach and enhance members' access to financial services. This partnership allows CUA's members to use over 55,000 surcharge-free ATMs across the country, in addition to their existing ATM network.
The collaboration aims to provide CUA members with convenient physical touchpoints for cash withdrawals and other critical financial services, especially in areas without nearby branches. Dan Umscheid, VP of Payments Solutions & Strategy for CUA, emphasized the importance of offering reliable, surcharge-free access to cash as part of their expansion strategy. Steven Nogalo, GM of North America for Atleos, highlighted the increasing demand for utility ATM networks, which benefit both consumers and financial institutions.
NCR Atleos (NYSE: NATL) has announced an expanded partnership with Chime, the #1 Most Loved Banking App. Chime will now brand ATMs at 4,000 Walgreens stores across the United States, leveraging Atleos' Allpoint Network. This expansion builds on their existing relationship, which has provided Chime members with access to over 50,000 fee-free ATMs since 2021.
The branding initiative, set to begin in August, aims to increase Chime's visibility and make it easier for cardholders to identify fee-free ATMs. This move enhances Chime's strategy of combining mobile-first banking with convenient cash access, allowing members to withdraw money at no cost while shopping at Walgreens.
NCR Atleos (NYSE: NATL) has announced its second quarter 2024 earnings conference call details. The financial results will be released after market close on Tuesday, August 13, 2024. The conference call is scheduled for Wednesday, August 14, 2024, at 8:30 a.m. Eastern Time.
Participants can access the call using the following details:
- Toll-free number: 800-753-0725
- Local number: +1 786-460-7170
- Passcode: 8004782
NCR Atleos (NYSE: NATL) announced that Black Hills Federal Credit Union (BHFCU) has expanded its partnership, selecting ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) to transform self-service banking. BHFCU, a $2.3 billion-asset credit union, aims to simplify operations and replace its aging ATM fleet. Atleos will manage hardware, software, security, installation, maintenance, cash management, and processing for BHFCU's self-service banking channel.
This partnership will allow BHFCU to boost efficiencies, reduce complexities, and deliver an improved member experience. The credit union will be able to widen access to financial services while streamlining business processes and focusing on strategic initiatives. Atleos' services will help BHFCU optimize availability, uptime, and strengthen its compliance and security posture, ultimately better serving its 110,000+ members.
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.