Pension, Acquisition Costs Sink NCR Into The Red

Published February 07, 2013, 8:08 p.m. EST

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Updated August 26, 2020, 10:27 p.m. EDT

1 Min Read

DULUTH, Ga. ATM maker NCR Corp. reported a $22 million loss for its fourth quarter due to costs related to pension and acquisition expenses.

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The company reported a $164 million pension expense, including a one-time $119 million charge related to the voluntary lump sum payment offered to certain participants in NCR’s U.S. qualified pension plan. It also recorded $11 million in acquisition costs related to its purchase of Retalix, a provider of retail software and services.

Fourth quarter revenue was up almost 3% to $1.64 billion.

Fourth quarter highlights included deals for Anheuser-Busch Employees’ CU to deploy NCR’s APTRA Passport software and for NCR to acquire uGenius, a developer of video teller technology. For the full year, NCR reported an 8% increase in revenue to $5.73 billion, and an almost tripling of net income to $146 million.

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