Welcome to our dedicated page for Unisys news (Ticker: UIS), a resource for investors and traders seeking the latest updates and insights on Unisys stock.
Unisys Corporation reports developments across cloud, AI, digital workplace, applications and enterprise computing services for government, financial services and commercial clients. Recurring updates include quarterly results, new business signings, profitability trends, investor conferences and product activity within the ClearPath Forward ecosystem.
Company news also covers client and partner activity tied to Unisys technology platforms, including Cargo Portal Services for air cargo booking, digital workplace field services, global service desk operations, core banking and anti-money laundering capabilities, and research involving quantum computing applications for cybersecurity.
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Unisys Corporation (NYSE: UIS) will release its first-quarter 2023 financial results on May 2, 2023, after market close. A conference call is scheduled for May 3, 2023, at 8 a.m. Eastern Time to discuss the results. The call will be available via a live webcast on the Unisys Investor Website.
Additionally, Unisys executives will participate in several investor conferences. Notably, Peter Altabef, Chair and CEO, will present at the Needham Technology & Media Conference on May 18, 2023, while Deb McCann, CFO, will attend the J.P. Morgan Global Technology, Media and Communications Conference on May 22-23, 2023.
Unisys Corporation (NYSE: UIS) has finalized an agreement with F&G Annuities & Life, Inc. (NYSE: FG) to purchase group annuity contracts valued at approximately $265 million. This deal will allow Unisys to transfer projected pension benefit obligations for about 8,650 retirees to F&G, facilitating a significant reduction in pension liabilities on its balance sheet.
The transaction will incur a one-time, non-cash, pre-tax settlement charge of $193 million, but will not affect the company's cash position. Since 2020, Unisys has removed over $1 billion in U.S. defined benefit obligations.
Unisys Corporation (NYSE: UIS) announced its participation in the Sidoti Small Cap Virtual Investor Conference, scheduled for March 22, 2023. CEO Peter Altabef will host a fireside chat at 9:15 a.m. Eastern Time during the event. Investors can access the presentation via the Unisys Investor Relations website, with a replay available afterward. Additionally, Altabef and CFO Deb McCann will hold virtual one-on-one meetings on March 22 and March 23 for interested investors.
Unisys specializes in technology solutions, focusing on digital workplace, cloud, applications, enterprise computing, and business processes.