Company: UIS
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000746838-25-000030
Chunk: 15

Company: UNISYS CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 15
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 30, 2025 was $281.3 million (20.4% of revenue) compared with $305.5 million (20.9% of revenue) in the prior-year period. The decrease was primarily driven by lower expense due to realized benefits from the company’s previous cost reduction actions and reduced professional services expense.

Research and development expense for the nine months ended September 30, 2025 and 2024 was $16.5 million and $17.5 million, respectively. 

For the nine months ended September 30, 2025, the company reported an operating profit of $1.9 million compared with an operating profit of $48.8 million for the prior-year period. For the nine months ended September 30, 2025 and 2024, operating profit included goodwill impairment charges of $55.0 million and $39.1 million, respectively, related to the DWS reportable segment.

Interest expense for the nine months ended September 30, 2025 was $34.6 million compared with $23.7 million for the nine months ended September 30, 2024. The increase was primarily due to increased long-term debt balance and higher interest rate following the issuance of $700.0 million aggregate principal amount of the 2031 Notes in June 2025.

Other (expense), net was expense of $280.2 million for the nine months ended September 30, 2025 compared with expense of $159.7 million for the nine months ended September 30, 2024. For the nine months ended September 30, 2025 and 2024, other (expense), net included U.S. pension plan settlement losses of $227.7 million and $132.3 million, respectively. Additionally, for the nine months ended September 30, 2025, other (expense), net included a loss on debt extinguishment of $7.0 million related to the repurchase, satisfaction and discharge of the 6.875% Senior Secured Notes due 2027 (the 2027 Notes). See Note 5 of the Notes to Consolidated Financial Statements for details of other (expense), net.

The loss before income taxes for the nine months ended September 30, 2025 was $312.9 million compared with a loss of $134.6 million for the nine months ended September 30, 2024. For the nine months ended September 30, 2025 and 2024, the