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

Company: UNISYS CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 10
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1.6 million. The net charges related to workforce reductions was $2.0 million and was comprised of: (i) a charge of $2.5 million for severance costs and (ii) a credit of $0.5 million for changes in estimates. The company recorded a net credit of $0.4 million comprised of a credit of $0.7 million for net foreign currency gains related to exiting foreign countries and a charge of $0.3 million for other expenses related to other cost-reduction efforts.

26

The charges (credits) were recorded in the following statement of income (loss) classifications:

Three Months Ended September 30,(In millions)20252024Cost of revenue$(0.6)$1.4 Selling, general and administrative0.8 0.9 Research and development0.8 — Other (expense), net— (0.7)Total$1.0 $1.6 

Gross profit and gross profit margin were $117.2 million and 25.5% in the three months ended September 30, 2025, respectively, compared with $145.0 million and 29.2% for the three months ended September 30, 2024, respectively. The decrease was primarily driven by the timing of software license renewals.

Ex-L&S gross profit and gross profit margin for the three months ended September 30, 2025 were $70.2 million and 18.6%, respectively, compared with $70.3 million and 17.9% for the three months ended September 30, 2024, respectively.

Selling, general and administrative expense in the three months ended September 30, 2025 was $90.9 million (19.8% of revenue) compared with $91.9 million (18.5% of revenue) for the three months ended September 30, 2024. 

Research and development expense for the three months ended September 30, 2025 and 2024 was $4.8 million and $6.5 million, respectively. 

For the three months ended September 30, 2025, the company reported an operating loss of $33.5 million compared with an operating profit of $7.5 million in the three months ended September 30, 2024. For the three months ended September 30, 2025 and 2024, operating (loss) profit included goodwill impairment charges of