Unisys Corp. (UIS) Misses Q1 GAAP EPS by 10c, Revenues Miss; Withdraws FY20 Guidance
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Unisys Announces First-Quarter Results; Completes U.S. Federal Sale; Strong Balance Sheet and Liquidity Position
April 28, 2020 4:01 PM EDTBLUE BELL, Pa., April 28, 2020 /PRNewswire/ -- Beginning January 1, 2020, the historical results of the company's U.S. Federal business have been reflected in the company's consolidated financial statements as discontinued operations. Prior-period financial statements have been reclassified to reflect the company's U.S. Federal business as discontinued operations. Throughout this release we will only refer to the company's continuing operations.
Closed sale of U.S. Federal business on March 13, 2020; $1.2 billion of proceeds Net Leverage(10) reduced from 4.3x as of December 31, 2019 to 2.7x as of March 31,... More