Company: UIS
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000746838-25-000030
Chunk: 8

Company: UNISYS CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 8
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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

This management’s discussion and analysis of financial condition and results of operations should be read in conjunction with the consolidated financial statements and the related notes included elsewhere in this quarterly report.

Overview 

For the three months ended September 30, 2025, the company reported net loss attributable to Unisys Corporation of $308.9 million, or $4.33 per diluted share, compared with a loss of $61.9 million, or $0.89 per diluted share, for the three months ended September 30, 2024. The net loss for the three months ended September 30, 2025 included a U.S. pension plan settlement loss net of tax of $227.7 million. Additionally, the net loss for the three months ended September 30, 2025 and 2024 included goodwill impairment charges of $55.0 million and $39.1 million, respectively, related to the Digital Workplace Solutions (DWS) reportable segment.

For the nine months ended September 30, 2025, the company reported net loss attributable to Unisys Corporation of $358.5 million, or $5.06 per diluted share, compared with a loss of $223.4 million, or $3.23 per diluted share, for the nine months ended September 30, 2024. The net loss for the nine months ended September 30, 2025 and 2024 included U.S. pension plan settlement losses net of tax of $227.7 million and $132.3 million, respectively, and goodwill impairment charges of $55.0 million and $39.1 million, respectively, related to the DWS reportable segment.

In September 2025, the company purchased a group annuity contract, with plan assets, for approximately $316 million to transfer projected benefit obligations related to approximately 3,150 retirees of one of the company’s U.S. defined benefit pension plans. This action resulted in a pre-tax settlement loss of $227.7 million for the three and nine months ended September 30, 2025.

Results of operations

Company results

Three months ended September 30, 2025 compared with the three months ended September 30, 2024

Revenue for the three months ended September 30, 2025 was $460.2 million compared with $497.0 million for the three months ended September 30, 2024, a