Company: UIS
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000746838-25-000030
Chunk: 16

Company: UNISYS CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 16
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 loss before income taxes included U.S. pension plan settlements losses of $227.7 million and $132.3 million, respectively, and goodwill impairment charges of $55.0 million and $39.1 million, respectively. Additionally, the loss before income taxes for the nine months ended September 30, 2025 included a loss on debt extinguishment of $7.0 million related to the repurchase, satisfaction and discharge of the 2027 Notes.

The provision for income taxes was $46.9 million for the nine months ended September 30, 2025 compared with a provision of $89.1 million for the nine months ended September 30, 2024. The change in the tax provision was driven by the geographic distribution of income and the prior year provision included a provision of $29.0 million established for certain foreign subsidiaries for which the company is no longer asserting indefinite reinvestment of earnings. The effective tax rate for the nine months ended September 30, 2025 and 2024 was (15.0)% and (66.2)%, 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., jurisdictions with no valuation allowance that are subject to tax and the prior year change in the company’s indefinite reinvestment assertion of the earnings in certain foreign subsidiaries.

Net loss attributable to Unisys Corporation for the nine months ended September 30, 2025 was $358.5 million, or $5.06 per diluted share, compared with a net loss of $223.4 million, or $3.23 per diluted share, for the nine months ended September 30, 2024. For the nine months ended September 30, 2025, the net loss attributable to Unisys Corporation included a U.S. pension plan settlement loss net of tax of $227.7 million, a goodwill impairment charge of $55.0 million and a loss on debt 

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extinguishment of $7.0 million related to the repurchase, satisfaction and discharge of the 2027 Notes. For the nine months ended September 30, 2024, the net loss attributable to Unisys Corporation included a U.S. pension plan settlement loss net of tax of $132.3 million, a goodwill impairment charge of $39.1 million and tax provision of $29.0 million established for certain foreign subsidiaries for which the company