NCR Raises FY 2012 Guidance

NCR Corporation

today announced select preliminary financial results for the quarter ended March 31, 2012. The company's first quarter preliminary results exceeded its expectations and previously issued guidance. The company previously expected first quarter 2012 non-pension operating income (NPOI)(2) and income from operations to be in the range of $85 million to $90 million and $37 million to $42 million, respectively. The 2012 non-GAAP diluted EPS guidance excludes estimated pension expense of $165 million (approximately $119 million after-tax) compared with actual pension expense of $222 million ($155 million after-tax) in 2011 and amortization of intangibles from the Radiant acquisition of approximately $35 million ($24 million after tax). NCR expects approximately $40 million of Other Expense, net including interest expense in 2012 and its full-year 2012 effective income tax rate to be approximately 27 percent.