Jan 28, 2025
Norwalk, Conn.
Financial Summary
Q4 2024
-Revenue of $1.61 billion, down 8.6 percent, or 8.0 percent in constant currency.
-GAAP net (loss) of $(21) million, or $(0.20) per share, an improvement of $37 million or $0.30 per share, year-over-year, respectively.
-Adjusted net income of $49 million, or $0.36 per share, down $7 million or $0.07 per share, year-over-year, respectively.
-Adjusted operating margin of 6.4 percent, up 100 basis points year-over-year.
-Operating cash flow of $351 million, down $38 million year-over-year.
-Free cash flow of $334 million, down $45 million year-over-year.
FY 2024
-Revenue of $6.22 billion, down 9.7 percent, or 9.5 percent in constant currency.
-GAAP net (loss) of $(1.32) billion, or $(10.75) per share, down $1.32 billion or $10.66 per share, year-over-year, respectively. -2024 includes an after-tax non-cash goodwill impairment charge of $1.0 billion, or $8.17 per share.
-Adjusted net income of $135 million, or $0.97 per share, down $152 million or $0.85 per share, year-over-year, respectively.
-Adjusted operating margin of 4.9 percent, down 70 basis points year-over-year.
-Operating cash flow of $511 million, down $175 million year-over-year.
-Free cash flow of $467 million, down $182 million year-over-year.
