Unisys (UIS) Q4 2016 Results - Earnings Call Transcript

Jan. 27, 2017 12:30 AM ETUnisys Corporation (UIS)
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Unisys Corp. (NYSE:UIS) Q4 2016 Earnings Call January 26, 2017 5:30 PM ET

Executives

Courtney Holben - Unisys Corp.

Peter A. Altabef - Unisys Corp.

Inder M. Singh - Unisys Corp.

Analysts

Jonathan Lee - Susquehanna Financial Group LLLP

James Friedman - Susquehanna Financial Group LLLP

Frank C. Atkins - SunTrust Robinson Humphrey, Inc.

Joan K. Tong - Sidoti & Co. LLC

Operator

Good day, ladies and gentlemen, and welcome to the Unisys Fourth Quarter and Full Year 2016 Results Conference Call. At this time, I would like to turn the conference over to Ms. Courtney Holben, Vice President of Investor Relations at Unisys Corporation. Please go ahead, ma'am.

Courtney Holben - Unisys Corp.

Thank you, operator. Good afternoon, everyone. This is Courtney Holben, Vice President of Investor Relations speaking. Thank you for joining us. Earlier today, Unisys released its fourth quarter and full year 2016 financial results. I'm joined this afternoon to discuss those results by Peter Altabef, our President and CEO; and Inder Singh, our CFO.

Before we begin, I'd like to cover a few details. First, today's conference call and the Q&A session are being webcast via the Unisys Investor website. Second, you can find the earnings press release and the presentation slides that we will be using this afternoon to guide our discussion on our Investor website. Third, today's presentation, which is complementary to the earnings press release, includes some non-GAAP financial measures. The non-GAAP measures have been reconciled to the related GAAP measures, and we've provided reconciliations within the presentation.

Although appropriate under Generally Accepted Accounting Principles, the company's results reflect charges that the company believes are not indicative of its ongoing operations, and that can make its profitability and liquidity results difficult to compare to prior periods, anticipated future periods, or to its competitors' results. These items consist of pension

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