NCR CORPORATION - NCR STOCK NEWS

NCR Corporation (NYSE: NCR) has appointed Joseph "Joe" Reece to its Board of Directors as of November 4, 2022. A veteran with over 35 years of experience in finance and corporate strategy, Reece is co-founder of SilverBox Capital LLC and has held senior roles at UBS Securities and Credit Suisse. NCR's CEO, Michael D. Hayford, expressed optimism about Reece’s expertise during a critical transition period for NCR. Reece emphasized his intent to enhance shareholder value through strategic guidance.

NCR Corporation (NYSE: NCR) reported a 4% increase in revenue for Q3 2022, amounting to $1.97 billion, with a substantial 667% increase in GAAP diluted EPS to $0.46. Non-GAAP diluted EPS rose 16% to $0.80, while net income soared 475% to $69 million. Adjusted EBITDA reached $380 million, up 8%. The company continues its plan to separate into two public companies, aiming to enhance value for shareholders. The report indicates strong execution amidst macroeconomic challenges.

NCR Corporation (NYSE: NCR) is set to release its third quarter 2022 financial results after market close on October 25, 2022. A conference call will take place at 4:30 p.m. Eastern Time the same day, allowing participants to dial in 15 minutes early for a smooth connection. The call will be accessible via the company's investor site, where it will also be archived post-call. NCR is recognized as a leader in technology platforms for banking, retail, and restaurant sectors.

NCR Corporation (NYSE: NCR) has expanded its partnership with Circle K, activating the Allpoint Network in over 3,500 Circle K stores across 30 states. This move enhances financial access for more than 60 million Allpoint cardholders, offering surcharge-free ATM services. Don Layden, EVP of NCR, emphasized the importance of providing high-quality financial access at retail locations. The Allpoint Network is the largest retail-based, surcharge-free ATM network globally, featuring over 55,000 locations, including more than 40,000 in the U.S.

NCR Corporation has been recognized as the world’s largest self-checkout vendor for 19 consecutive years, according to RBR’s Global EPOS and Self-Checkout 2022 report. The report highlights nearly an 8% year-over-year increase in NCR’s global self-checkout unit shipments, significantly widening its market lead. NCR's electronic point of sale share also remains strong, particularly in emerging markets. The NCR Commerce Platform is noted for enhancing store modernization, providing innovative solutions that improve customer experience while reducing costs.

NCR Corporation (NYSE: NCR) plans to split into two independent companies focusing on digital commerce and ATMs, aimed for the end of 2023. This tax-free separation seeks to enhance shareholder value by allowing each entity to pursue distinct growth strategies. The digital commerce division will emphasize software-led solutions to innovate in global retail and banking, while the ATM unit focuses on cash-generating services and recurring revenue models. The decision follows a strategic review and reflects current market conditions related to financing options.

NCR Corporation (NYSE: NCR) has expanded its partnership with Wendy’s to enhance data services through its NCR Commerce Platform. This platform streamlines access to sales, cash management, and transaction data for Wendy’s franchisees and corporate users, allowing for real-time decision-making. Wendy’s aims to further utilize this platform for additional cloud services to analyze store performance and identify operational trends. NCR’s technology supports over 100,000 restaurant sites worldwide, focusing on delivering a comprehensive solution from order to payment.

NCR Corporation (NYSE: NCR) has announced a strategic partnership with the Bank of New Zealand (BNZ) to enhance its ATM services. Under this partnership, NCR will manage BNZ's off-site cash dispense ATM fleet and its on-premise NCR SelfServ™ ATMs.

With this collaboration, BNZ aims to elevate self-service banking and ensure 24/7 access to transaction services for customers. NCR's extensive experience in ATM management and digital technology aims to simplify banking experiences across the country.