“Share repurchases are an important part of our capital allocation
strategy,” said Chairman and CEO
Any share repurchases will be made by NCR in compliance with, and at such times as permitted by, federal securities law and may be suspended or discontinued at any time.
As a result of the share repurchases, NCR is updating its full year 2016
guidance for non-GAAP diluted EPS to
About
NCR is headquartered in
Twitter: @NCRCorporation
Note to Investors
This release contains forward-looking statements. Forward-looking
statements use words such as “expect,” “anticipate,” “outlook,”
“intend,” “believe,” “will,” “should,” “would,” “could” and words of
similar meaning. Statements that describe or relate to NCR’s plans,
goals, intentions, strategies or financial outlook, and statements that
do not relate to historical or current fact, are examples of
forward-looking statements. The forward-looking statements in this
release include statements about NCR’s expectations for additional share
repurchases in 2016 and non-GAAP earnings for 2016. Forward-looking
statements are based on NCR’s current beliefs, expectations and
assumptions, which may not prove to be accurate, and involve a number of
known and unknown risks and uncertainties, many of which are out of
NCR’s control. Forward-looking statements are not guarantees of future
performance, and there are a number of important factors that could
cause actual outcomes and results to differ materially from the results
contemplated by such forward-looking statements, including those factors
relating to: domestic and global economic and credit conditions
including, in particular, market conditions and spending trends in the
financial services industry, fluctuations in oil and commodity prices
and their effects on local, regional and global market conditions, and
economic and market conditions in
Non-GAAP Measures
Non-GAAP diluted earnings per share (EPS) is a non-GAAP measure. It is included to provide additional useful information regarding NCR’s financial results, and is not a substitute for, or superior to, its most directly comparable GAAP measure, diluted EPS (GAAP).
NCR’s Non-GAAP diluted EPS is determined by excluding mark-to-market pension adjustments and pension settlements, curtailments and special termination benefits, and other special items including amortization of acquisition related intangibles, from NCR’s GAAP income (loss) from operations. NCR management’s definition and calculation of Non-GAAP diluted EPS may differ slightly from similarly-titled measures reported by other companies and cannot, therefore, be compared with similarly-titled measures of other companies. Non-GAAP diluted EPS should not be considered a substitute for, or superior to, results determined in accordance with GAAP. Non-GAAP diluted EPS is reconciled to its most directly comparable GAAP measure, diluted EPS (GAAP), in the table below.
Reconciliation of Diluted Earnings Per Share (GAAP) to Non-GAAP Diluted Earnings Per Share and Diluted Earnings Per Share (non-GAAP)
|
||||
Current 2016 Guidance |
Prior 2016 Guidance | |||
Diluted EPS (GAAP) | $2.20 - $2.30 | $2.07 - $2.17 | ||
Restructuring Plan | 0.10 | 0.10 | ||
Acquisition-related amortization of intangibles | 0.50 | 0.50 | ||
Acquisition-related costs | 0.05 |
0.05 |
||
Non-GAAP Diluted EPS | $2.85 - $2.95 | $2.72 - $2.82 | ||
View source version on businesswire.com: http://www.businesswire.com/news/home/20160307005769/en/
Source:
NCR Corporation
News Media Contact:
Scott Sykes,
212-589-8428
scott.sykes@ncr.com
or
Investor
Contact:
Gavin Bell, 212-589-8468
gavin.bell@ncr.com