Company: UIS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000746838-25-000020
Chunk: 8

Company: UNISYS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 8
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 six months ended June 30, 2025 and 2024 was (153.0)% and (28.4)%, respectively, primarily driven by U.S. operating losses with no tax benefit as the deferred tax assets are subject to a full valuation allowance, non-creditable withholding taxes in the U.S. and jurisdictions with no valuation allowance that are subject to tax. 

Net loss attributable to Unisys Corporation for the six months ended June 30, 2025 was $49.6 million, or $0.70 per diluted share, compared with a net loss of $161.5 million, or $2.34 per diluted share, for the six months ended June 30, 2024. The net loss for the six months ended June 30, 2025 included a loss on debt extinguishment of $6.8 million related to the repurchase, satisfaction and discharge of the 2027 Notes. The net loss for the six months ended June 30, 2024 included $132.3 million of a U.S. pension plan settlement loss net of tax. 

28

The following table represents Ex-L&S and L&S financial measures:

Three Months Ended June 30,Six Months EndedJune 30,(In millions, except for numbers presented as percentages)2025202420252024L&S revenue$87.6 $82.1 $158.7 $175.3 Ex L&S revenue395.7 396.1 756.7 790.7 Total revenue$483.3 $478.2 $915.4 $966.0 L&S gross profit$60.3 $55.7 $103.6 $120.5 Ex-L&S gross profit69.7 74.2 133.9 145.4 Total gross profit$130.0 $129.9 $237.5 $265.9 L&S gross profit percent68.8 %67.8 %65.3 %68.7 %Ex-L&S gross profit percent17.6 %18.7 %17.7 %18.4 %Total gross profit percent26.9 %27.2 %25.9 %27.5 %

Segment results

The company’s reportable segments are as follows:

•Digital Workplace Solutions (DWS), which provides workplace solutions featuring intelligent workplace services, proactive experience