MergerMay 7, 2026, 09:17 AM
NCR Atleos to Merge with Brink's; Q1 Revenue $1.04B, EPS $0.29
AI Summary
NCR Atleos Corp announced a Merger Agreement with The Brink's Company on February 26, 2026, with the mergers anticipated to close in Q1 2027 pending regulatory and shareholder approvals. For the first quarter of 2026, NCR Atleos reported a rise in total revenue to $1,043 million from $979 million year-over-year, and net income attributable to Atleos increased to $22 million from $14 million. Diluted EPS also improved to $0.29 from $0.19. However, net cash used in operating activities significantly shifted to $(9) million from $123 million provided in the prior year period.
Key Highlights
- NCR Atleos entered a Merger Agreement with The Brink's Company on February 26, 2026.
- The mergers are expected to close in the first quarter of 2027, subject to approvals.
- Total revenue increased to $1,043 million in Q1 2026 from $979 million in Q1 2025.
- Net income attributable to Atleos rose to $22 million in Q1 2026 from $14 million in Q1 2025.
- Diluted EPS increased to $0.29 in Q1 2026 from $0.19 in Q1 2025.
- Net cash used in operating activities was $(9) million in Q1 2026, down from $123 million provided in Q1 2025.
- Self-Service Banking segment revenue grew to $697 million in Q1 2026 from $623 million in Q1 2025.
- Total Segment Adjusted EBITDA increased to $250 million in Q1 2026 from $246 million in Q1 2025.