UNISYS CORP

Previous wording

For the three and six months ended June 30, 2026, the net loss attributable to Unisys Corporation included a goodwill impairment charge of $47.2 million related to the Digital Workplace Solutions (DWS) reportable segment.

Current wording

For the three months ended September 30, 2026, the company reported net loss attributable to Unisys Corporation of $201.0 million, or $2.76 per diluted share, compared with a loss of $308.9 million, or $4.33 per diluted share, for the three months ended September 30, 2025. The net loss for the three months ended September 30, 2026 and 2025 included U.S. pension plan settlement losses net of tax of $151.2 million and $227.7 million, respectively. Additionally, for the three months ended September 30, 2025, the net loss attributable to Unisys Corporation included a goodwill impairment charge of $55.0 million, related to the Digital Workplace Solutions (DWS) reportable segment.

Previous wording

ClearPath represents software license and related support services, primarily ClearPath Forward TM, within the company's Enterprise Computing Solutions (ECS) segment. Software license renewals tend to be significant and impactful to revenue and gross profit based on timing, which can fluctuate considerably from quarter to quarter. For the three months ended June 30, 2026, ClearPath revenue was $69.7 million compared to $87.6 million for the three months ended June 30, 2025, a decrease of 20.4%. The decrease was primarily driven by the timing of ClearPath license renewals. Foreign currency fluctuations had a 2 percentage-point positive impact on revenue in the current period compared with the prior-year period.

Current wording

ClearPath represents software license and related support services, primarily ClearPath Forward TM, within the company's Enterprise Computing Solutions (ECS) segment. Software license renewals tend to be significant and impactful to revenue and gross profit based on timing, which can fluctuate considerably from quarter to quarter. For the three months ended September 30, 2026, ClearPath revenue was $84.4 million compared to $83.0 million for the three months ended September 30, 2025, an increase of 1.7%. Foreign currency fluctuations had a 3 percentage-point positive impact on revenue in the current period compared with the prior-year period.

Previous wording

TS&S measures include the revenue, gross profit and gross profit margin of the company’s DWS segment, Cloud, Applications & Infrastructure Solutions (CA&I) segment and ECS segment, excluding ClearPath software license and support services. TS&S revenue for the three months ended June 30, 2026 was $403.8 million compared with $395.7 million for the three months ended June 30, 2025, an increase of 2.0%. Foreign currency fluctuations had a 3 percentage-point positive impact on revenue in the current period compared with the prior-year period.

Current wording

TS&S measures include the revenue, gross profit and gross profit margin of the company’s DWS segment, Cloud, Applications & Infrastructure Solutions (CA&I) segment and ECS segment, excluding ClearPath software license and support services. TS&S revenue for the three months ended September 30, 2026 was $387.1 million compared with $377.2 million for the three months ended September 30, 2025, an increase of 2.6%. Foreign currency fluctuations had a 2 percentage-point positive impact on revenue in the current period compared with the prior-year period.

Previous wording

During the three months ended June 30, 2026, the company recognized net cost-reduction charges related to workforce reductions of $4.1 million, compared with net charges of $1.5 million for the three months ended June 30, 2025. Additionally, during the three months ended June 30, 2026, the company recorded lease abandonment charges and other costs related to cost-reduction efforts of $2.0 million. During the three months ended June 30, 2025, the company recorded an asset write-off and other costs related to cost reduction charges of $3.3 million. See Note 3 of the Notes to Consolidated Financial Statements for details of the cost reductions actions.

Current wording

During the three months ended September 30, 2026, the company recognized net cost-reduction charges related to workforce reductions of $4.2 million, compared with net charges of $1.0 million for the three months ended September 30, 2025. Additionally, during the three months ended September 30, 2026, the company recorded lease abandonment charges and other costs related to cost-reduction efforts of $2.6 million. See Note 3 of the Notes to Consolidated Financial Statements for details of the cost reductions actions.

Previous wording

TS&S gross profit and gross profit margin for the six months ended June 30, 2026 were $150.5 million and 19.4%, respectively, compared with $133.9 million and 17.7% for the six months ended June 30, 2025, respectively. The increases were primarily driven by delivery improvement and labor cost savings initiatives.

Current wording

Gross profit and gross profit margin were $126.0 million and 26.7% for the three months ended September 30, 2026, respectively, compared with $117.2 million and 25.5% for the three months ended September 30, 2025, respectively. The increases were primarily driven by a higher mix of software licenses relative to hardware within ClearPath renewals, partially offset by higher cost reduction charges.

Previous wording

Gross profit and gross profit margin were $117.3 million and 24.8% in the three months ended June 30, 2026, respectively, compared with $130.0 million and 26.9% for the three months ended June 30, 2025, respectively. The decreases were primarily driven by the timing of ClearPath license renewals.

Current wording

TS&S gross profit and gross profit margin were $64.3 million and 16.6%, respectively, for the three months ended September 30, 2026, compared with $70.2 million and 18.6% for the three months ended September 30, 2025, respectively. The decreases were primarily driven by higher cost reduction charges.

Previous wording

Additionally, during the three months ended June 30, 2026, gross profit margin and TS&S gross profit margin benefited by 50 and 60 basis points, respectively, from a first quarter transaction within the company’s United Kingdom business process outsourcing consolidated joint venture. This transaction is expected to generate gross margin benefit of approximately $3 million quarterly and $12 million for the full 2026 year.

Current wording

Additionally, during the three months ended September 30, 2026, gross profit margin and TS&S gross profit margin benefited by approximately 50 and 70 basis points, respectively, from a first quarter transaction within the company’s United Kingdom business process outsourcing consolidated joint venture. This transaction is expected to generate gross margin benefit of approximately $3 million quarterly and $12 million for full-year 2026. The financial impact of this transaction will be fully recognized by year end.

Previous wording

Selling, general and administrative expense in the three months ended June 30, 2026 was $95.7 million (20.2% of revenue) compared with $93.6 million (19.4% of revenue) for the three months ended June 30, 2025. The increase was primarily attributable to higher cost reduction charges.

Current wording

Selling, general and administrative expense in the three months ended September 30, 2026 was $95.1 million (20.2% of revenue) compared with $90.9 million (19.8% of revenue) for the three months ended September 30, 2025. The increase was primarily attributable to higher cost reduction charges and higher professional services expense.

Previous wording

Research and development expense for the three months ended June 30, 2026 and 2025 was $5.8 million and $6.1 million, respectively.

Current wording

Research and development expense for the three months ended September 30, 2026 and 2025 was $7.2 million and $4.8 million, respectively.

Previous wording

For the three months ended June 30, 2026, the company reported an operating loss of $32.9 million compared with an operating profit of $30.3 million in the three months ended June 30, 2025. For the three months ended June 30, 2026, the operating loss included a goodwill impairment of $47.2 million related to the DWS reportable segment (see Note 12 of the Notes to Consolidated Financial Statements for details on the goodwill impairment).

Current wording

For the three months ended September 30, 2026, the company reported an operating profit of $23.7 million compared with an operating loss of $33.5 million in the three months ended September 30, 2025. For the three months ended September 30, 2025, the operating loss included a goodwill impairment charge of $55.0 million related to the DWS reportable segment.

Previous wording

Other (expense), net was expense of $28.6 million for the three months ended June 30, 2026, compared with expense of $22.1 million for the three months ended June 30, 2025. The increase in other (expense), net was primarily driven by higher pension and postretirement expense. See Note 6 of the Notes to Consolidated Financial Statements for details of other (expense), net.

Current wording

Other (expense), net was expense of $183.2 million for the three months ended September 30, 2026, compared with expense of $241.2 million for the three months ended September 30, 2025. Other (expense), net for the three months ended September 30, 2026 and 2025 included U.S. pension plan settlement losses of $151.2 million and $227.7 million, respectively. See Note 6 of the Notes to Consolidated Financial Statements for details of other (expense), net.

Previous wording

The loss before income taxes for the six months ended June 30, 2026 was $102.9 million compared with a loss of $20.0 million for the six months ended June 30, 2025. For the six months ended June 30, 2026, the loss before income taxes included a goodwill impairment charge of $47.2 million.

Current wording

The loss before income taxes for the three months ended September 30, 2026 was $178.5 million, compared with a loss of $292.9 million for the three months ended September 30, 2025. The loss before income taxes for the three months ended September 30, 2026 and 2025 included U.S. pension plan settlement losses of $151.2 million and $227.7 million, respectively. Additionally, the loss before income taxes for the three months ended September 30, 2025 included a goodwill impairment charge of $55.0 million related to the DWS reportable segment.

Previous wording

The provision for income taxes was $15.8 million for the three months ended June 30, 2026, compared with a provision of $20.0 million for the three months ended June 30, 2025. The change in the tax provision was primarily driven by the geographic distribution of income. The effective tax rate for the three months ended June 30, 2026 was (19.8)% primarily driven by U.S. operating losses with no tax benefit as the deferred tax assets are subject to a full valuation allowance, non-creditable withholding taxes in the U.S., and jurisdictions with no valuation allowance that are subject to tax. The effective tax rate for the three months ended June 30, 2025 is not a meaningful measure due to the lack of pre-tax income or loss.

Current wording

The provision for income taxes was $21.8 million for the three months ended September 30, 2026, compared with a provision of $16.3 million for the three months ended September 30, 2025. The change in the tax provision was primarily driven by the geographic distribution of income. The effective tax rate for the three months ended September 30, 2026 and 2025 was (12.2)% and (5.6)%, respectively, primarily driven by U.S. operating losses with no tax benefit as the deferred tax assets are subject to a full valuation allowance, non-creditable withholding taxes in the U.S., and jurisdictions with no valuation allowance that are subject to tax.

Previous wording

Net loss attributable to Unisys Corporation for the three months ended June 30, 2026 was $95.3 million, or $1.31 per diluted share, compared with a net loss of $20.1 million, or $0.28 per diluted share, for the three months ended June 30, 2025. The net loss for the three months ended June 30, 2026 included a goodwill impairment charge of $47.2 million related to the DWS reportable segment.

Current wording

Net loss attributable to Unisys Corporation for the three months ended September 30, 2026 was $201.0 million, or $2.76 per diluted share, compared with a net loss of $308.9 million, or $4.33 per diluted share, for the three months ended September 30, 2025. The net loss for the three months ended September 30, 2026 and 2025 included U.S. pension plan settlement losses net of tax of $151.2 million and $227.7 million, respectively. Additionally, the net loss attributable to Unisys Corporation for the three months ended September 30, 2025 included a goodwill impairment charge of $55.0 million related to the DWS reportable segment.

Previous wording

For the six months ended June 30, 2026, ClearPath revenue was $135.2 million compared to $158.7 million for the six months ended June 30, 2025, a decrease of 14.8%. The decrease was primarily driven by the timing of ClearPath license renewals. Foreign currency fluctuations had a 3 percentage-point positive impact on revenue in the current period compared with the prior-year period.

Current wording

For the nine months ended September 30, 2026, ClearPath revenue was $219.6 million compared to $241.7 million for the nine months ended September 30, 2025, a decrease of 9.1%. The decrease was primarily driven by the timing of ClearPath license renewals. Foreign currency fluctuations had a 3 percentage-point positive impact on revenue in the current period compared with the prior-year period.

Previous wording

TS&S revenue for the six months ended June 30, 2026 was $775.9 million compared with $756.7 million for the six months ended June 30, 2025, an increase of 2.5%. Foreign currency fluctuations had a 5 percentage-point positive impact on revenue in the current period compared with the prior-year period.

Current wording

TS&S revenue for the nine months ended September 30, 2026 was $1,163.0 million compared with $1,133.9 million for the nine months ended September 30, 2025, an increase of 2.6%. Foreign currency fluctuations had a 4 percentage-point positive impact on revenue in the current period compared with the prior-year period.

Previous wording

During the six months ended June 30, 2026, the company recognized net cost-reduction charges related to workforce reductions of $4.8 million, compared with net charges of $1.2 million for the six months ended June 30, 2025. Additionally, during the six months ended June 30, 2026, the company recorded lease abandonment charges and other costs relating to cost reduction efforts of $2.8 million. During the six months ended June 30, 2025, the company recorded an asset write-off and other costs related to cost reduction charges of $3.5 million. See Note 3 of the Notes to Consolidated Financial Statements for details of the cost reductions actions.

Current wording

During the nine months ended September 30, 2026, the company recognized net cost-reduction charges related to workforce reductions of $9.0 million, compared with net charges of $2.2 million for the nine months ended September 30, 2025. Additionally, during the nine months ended September 30, 2026, the company recorded lease abandonment charges and other costs relating to cost reduction efforts of $5.4 million. During the nine months ended September 30, 2025, the company recorded an asset write-off and other costs related to cost reduction charges of $3.5 million. See Note 3 of the Notes to Consolidated Financial Statements for details of the cost reductions actions.

Previous wording

During the six months ended June 30, 2026, gross profit margin and TS&S gross profit margin benefited by 50 and 60 basis points, respectively, from a first quarter transaction within the company’s United Kingdom business process outsourcing consolidated joint venture.

Current wording

During the nine months ended September 30, 2026, gross profit margin and TS&S gross profit margin benefited by approximately 50 and 70 basis points, respectively, from a first quarter transaction within the company’s United Kingdom business process outsourcing consolidated joint venture.

Previous wording

Research and development expense for the six months ended June 30, 2026 and 2025 was $10.6 million and $11.7 million, respectively.

Current wording

Research and development expense for the nine months ended September 30, 2026 and 2025 was $17.8 million and $16.5 million, respectively.

Previous wording

For the six months ended June 30, 2026, the company reported an operating loss of $16.7 million compared with an operating profit of $35.4 million for the prior-year period. For the six months ended June 30, 2026, the operating loss included a goodwill impairment of $47.2 million related to the DWS reportable segment (see Note 12 of the Notes to Consolidated Financial Statements for details on the goodwill impairment).

Current wording

For the nine months ended September 30, 2026, the company reported an operating profit of $7.0 million, which included a goodwill impairment charge of $47.2 million, compared with an operating profit of $1.9 million for the prior-year period, which included a goodwill impairment charge of $55.0 million.

Previous wording

Interest expense for the six months ended June 30, 2026 was $36.8 million compared with $16.4 million for the six months ended June 30, 2025. The increase was primarily due to increased long-term debt balance and higher interest rate following the issuance of $700.0 million aggregate principal amount of the 2031 Notes in June 2025.

Current wording

Interest expense for the nine months ended September 30, 2026 was $55.8 million compared with $34.6 million for the nine months ended September 30, 2025. The increase was primarily due to increased long-term debt balance and higher interest rate following the issuance of $700.0 million aggregate principal amount of the 10.625% Senior Secured Notes due 2031 (the 2031 Notes) in June 2025.

Previous wording

Other (expense), net was expense of $49.4 million for the six months ended June 30, 2026, compared with expense of $39.0 million for the six months ended June 30, 2025. The increase in other (expense), net was primarily driven by higher pension and postretirement expense. See Note 6 of the Notes to Consolidated Financial Statements for details of other (expense), net.

Current wording

Other (expense), net was expense of $232.6 million for the nine months ended September 30, 2026, compared with expense of $280.2 million for the nine months ended September 30, 2025. Other (expense), net for the nine months ended September 30, 2026 and 2025 included U.S. pension plan settlement losses of $151.2 million and $227.7 million, respectively. See Note 6 of the Notes to Consolidated Financial Statements for details of other (expense), net.

Previous wording

The provision for income taxes was $29.5 million for the six months ended June 30, 2026, compared with a provision of $30.6 million for the six months ended June 30, 2025. The change in the tax provision was driven by the geographic distribution of income. The effective tax rate for the six months ended June 30, 2026 and 2025 was (28.7)% and (153.0)%, respectively, primarily driven by U.S. operating losses with no tax benefit as the deferred tax assets are subject to a full valuation allowance, non-creditable withholding taxes in the U.S., and jurisdictions with no valuation allowance that are subject to tax.

Current wording

The provision for income taxes was $51.3 million for the nine months ended September 30, 2026, compared with a provision of $46.9 million for the nine months ended September 30, 2025. The change in the tax provision was driven by the geographic distribution of income. The effective tax rate for the nine months ended September 30, 2026 and 2025 was (18.2)% and (15.0)%, respectively, primarily driven by U.S. operating losses with no tax benefit as the deferred tax assets are subject to a full valuation allowance, non-creditable withholding taxes in the U.S., and jurisdictions with no valuation allowance that are subject to tax.

Previous wording

Net loss attributable to Unisys Corporation for the six months ended June 30, 2026 was $131.1 million, or $1.81 per diluted share, compared with a net loss of $49.6 million, or $0.70 per diluted share, for the six months ended June 30, 2025. For the six months ended June 30, 2026, the net loss attributable to Unisys Corporation included a goodwill impairment charge of $47.2 million.

Current wording

Net loss attributable to Unisys Corporation for the nine months ended September 30, 2026 was $332.1 million, or $4.58 per diluted share, compared with a net loss of $358.5 million, or $5.06 per diluted share, for the nine months ended September 30, 2025. For the nine months ended September 30, 2026, the net loss attributable to Unisys Corporation included a U.S pension plan settlement loss net of tax of $151.2 million and a goodwill impairment charge of $47.2 million. For the nine months ended September 30, 2025, the net loss attributable to Unisys Corporation included a U.S pension plan settlement loss net of tax of $227.7 million and a goodwill impairment charge of $55.0 million.

Previous wording

DWS revenue was $260.1 million for the six months ended June 30, 2026 and $256.7 million for the six months ended June 30, 2025, an increase of 1.3%. Foreign currency fluctuations had a 5 percentage-point positive impact on DWS revenue in the current period compared with the prior-year period. Gross profit percent was 12.0% in the current period compared with 15.7% in the prior-year period. The decrease in gross profit percent was primarily driven by known client attrition and a greater proportion of lower-margin hardware revenue.

Current wording

DWS revenue was $130.2 million for the three months ended September 30, 2026 and $125.3 million for the three months ended September 30, 2025, an increase of 3.9%. The increase in revenue was primarily driven by higher hardware revenue. Foreign currency fluctuations had a 2 percentage-point positive impact on DWS revenue in the current period compared with the prior-year period. Gross profit percent was 9.5% in the current period compared with 16.2% in the prior-year period. The decrease in gross profit percent was primarily due to known client attrition, and increased implementation and delivery costs.

Previous wording

CA&I revenue was $184.4 million for the three months ended June 30, 2026 and $185.2 million for the three months ended June 30, 2025, a decrease of 0.4%. Foreign currency fluctuations had a 3 percentage-point positive impact on CA&I revenue in the current period compared with the prior-year period. Gross profit percent was 25.0% in the current period compared with 20.8% in the prior-year period. The increase in gross profit percent was primarily driven by delivery improvement and labor cost savings initiatives.

Current wording

CA&I revenue was $180.3 million for the three months ended September 30, 2026 and $180.4 million for the three months ended September 30, 2025, a decrease of 0.1%. Foreign currency fluctuations had a 1 percentage-point positive impact on CA&I revenue in the current period compared with the prior-year period. Gross profit percent was 20.6% in the current period compared with 19.6% in the prior-year period. The increase in gross profit percent was primarily driven by delivery improvements.

Previous wording

DWS revenue was $141.9 million for the three months ended June 30, 2026 and $138.1 million for the three months ended June 30, 2025, an increase of 2.8%. Foreign currency fluctuations had a 4 percentage-point positive impact on DWS revenue in the current period compared with the prior-year period. Gross profit percent was 10.8% in the current period compared with 16.9% in the prior-year period. The decrease in gross profit percent was primarily due to known client attrition, a greater proportion of lower-margin hardware revenue, and increased delivery costs incurred during the transition phase of new business implementation.

Current wording

DWS revenue was $390.3 million for the nine months ended September 30, 2026 and $382.0 million for the nine months ended September 30, 2025, an increase of 2.2%. Foreign currency fluctuations had a 4 percentage-point positive impact on DWS revenue in the current period compared with the prior-year period. Gross profit percent was 11.2% in the current period compared with 15.9% in the prior-year period. The decrease in gross profit percent was primarily due to known client attrition, and increased implementation and delivery costs.

Previous wording

CA&I revenue was $366.4 million for the six months ended June 30, 2026 and $361.8 million for the six months ended June 30, 2025, an increase of 1.3%. Foreign currency fluctuations had a 4 percentage-point positive impact on CA&I revenue in the current period compared with the prior-year period. Gross profit percent was 23.4% in the current period compared with 20.2% in the prior-year period. The increase in gross profit percent was primarily driven by delivery improvement and labor cost savings initiatives.

Current wording

CA&I revenue was $546.7 million for the nine months ended September 30, 2026 and $542.2 million for the nine months ended September 30, 2025, an increase of 0.8%. Foreign currency fluctuations had a 3 percentage-point positive impact on CA&I revenue in the current period compared with the prior-year period. Gross profit percent was 22.5% in the current period compared with 20.0% in the prior-year period. The increase in gross profit percent was primarily driven by delivery improvements.

Previous wording

ECS revenue was $241.2 million for the six months ended June 30, 2026 and $258.9 million for the six months ended June 30, 2025, a decrease of 6.8%. Foreign currency fluctuations had a 4 percentage-point positive impact on ECS revenue in the current period compared with the prior-year period. Gross profit percent was 45.8% in the current period compared with 50.8% in the prior-year period. The decreases in revenue and gross profit percent were primarily driven by the timing of ClearPath license renewals.

Current wording

ECS revenue was $381.8 million for the nine months ended September 30, 2026 and $392.1 million for the nine months ended September 30, 2025, a decrease of 2.6%. The decrease in revenue was primarily driven by the timing of ClearPath license renewals. Foreign currency fluctuations had a 4 percentage-point positive impact on ECS revenue in the current period compared with the prior-year period. Gross profit percent was 49.4% in the current period compared with 49.3% in the prior-year period.

Previous wording

Backlog was $2.82 billion as of June 30, 2026 compared to $2.92 billion as of June 30, 2025.

Current wording

Backlog was $2.92 billion as of September 30, 2026 compared to $2.83 billion as of September 30, 2025.

Previous wording

Cash and cash equivalents at June 30, 2026 were $324.3 million compared to $413.9 million at December 31, 2025. The decrease in cash and cash equivalents is primarily due to the timing of cash interest payments associated with the 2031 Notes and pension and postretirement cash contributions.

Current wording

Cash and cash equivalents at September 30, 2026 were $264.2 million compared to $413.9 million at December 31, 2025. The decrease in cash and cash equivalents is primarily due to the timing of cash interest payments associated with the 2031 Notes and pension and postretirement cash contributions.

Previous wording

As of June 30, 2026, $197.6 million of cash and cash equivalents were held by the company’s foreign subsidiaries and branches operating outside of the U.S. The company may not be able to readily transfer approximately one-third of these funds out of the country in which they are located as a result of local restrictions, contractual or other legal arrangements or commercial considerations. At June 30, 2026, the deferred tax liability on undistributed earnings was $31.5 million. Transfers of international cash and cash equivalents to the U.S. will require the company to pay withholding or other taxes on a portion of the amount transferred. At June 30, 2026, the company maintained cash balances in various operating accounts in excess of federally insured limits. The company monitors this risk by evaluating the creditworthiness of the financial institutions.

Current wording

As of September 30, 2026, $187.1 million of cash and cash equivalents were held by the company’s foreign subsidiaries and branches operating outside of the U.S. The company may not be able to readily transfer approximately one-quarter of these funds out of the country in which they are located as a result of local restrictions, contractual or other legal arrangements or commercial considerations. At September 30, 2026, the company maintained cash balances in various operating accounts in excess of federally insured limits. The company monitors this risk by evaluating the creditworthiness of the financial institutions.

Previous wording

During the six months ended June 30, 2026, cash used for operations was $30.7 million compared to cash used for operations of $282.9 million during the six months ended June 30, 2025. The improvement was primarily attributable to a discretionary cash contribution of $250 million to the company’s U.S. defined benefit pension plans in the prior-year period.

Current wording

During the nine months ended September 30, 2026, cash used for operations was $66.5 million compared to cash used for operations of $244.9 million during the nine months ended September 30, 2025. The improvement in cash used for operations was primarily attributable to a discretionary cash contribution of $250 million to the company’s U.S. defined benefit pension plans in the prior-year period.

Previous wording

During the six months ended June 30, 2026, cash used for investing activities was $44.2 million compared with cash used for investing activities of $10.0 million during the six months ended June 30, 2025. In the current period, the investment in marketable software was $21.1 million compared with $23.6 million in the prior-year period and capital additions of properties and other assets were $22.7 million compared with $16.8 million in the prior-year period. During the six months ended June 30, 2025, net proceeds of foreign exchange forward contracts were $30.5 million. Proceeds from foreign exchange forward contracts and purchases of foreign exchange forward contracts represent derivative financial instruments used to reduce the company’s currency exposure to market risks from changes in foreign currency exchange rates. During the third quarter of 2025, the company ceased its use of foreign currency forward contracts.

Current wording

During the nine months ended September 30, 2026, cash used for investing activities was $65.8 million compared with cash used for investing activities of $21.6 million during the nine months ended September 30, 2025. In the current period, the investment in marketable software was $32.4 million compared with $36.1 million in the prior-year period and capital additions of properties and other assets were $33.3 million compared with $22.4 million in the prior-year period. During the nine months ended September 30, 2025, net proceeds of foreign exchange forward contracts were $37.0 million. Proceeds from foreign exchange forward contracts and purchases of foreign exchange forward contracts represent derivative financial instruments used to reduce the company’s currency exposure to market risks from changes in foreign currency exchange rates. During the third quarter of 2025, the company ceased its use of foreign currency forward contracts.

Previous wording

During the six months ended June 30, 2026, cash used for financing activities was $14.6 million compared with cash provided by financing activities of $190.3 million during the six months ended June 30, 2025. During the six months ended June 30, 2025, cash provided by financing activities included the net proceeds received from the issuance of the 2031 Notes, partially offset by the repurchase of the 2027 Notes.

Current wording

During the nine months ended September 30, 2026, cash used for financing activities was $13.1 million compared with cash provided by financing activities of $188.1 million during the nine months ended September 30, 2025. During the nine months ended September 30, 2025, cash provided by financing activities included the net proceeds received from the issuance of the 2031 Notes, partially offset by the repurchase of the 6.875% Senior Secured Notes due November 1, 2027.

Previous wording

At June 30, 2026, total debt was $733.5 million compared to $741.7 million at December 31, 2025. During the six months ended June 30, 2026, the company repurchased $1.6 million of the 2031 Notes from the open market for $1.4 million.

Current wording

At September 30, 2026, total debt was $731.4 million compared to $741.7 million at December 31, 2025. During the nine months ended September 30, 2026, the company repurchased $1.6 million of the 2031 Notes from the open market for $1.4 million.

Previous wording

The company has a secured revolving credit facility (the Amended and Restated ABL Credit Facility), which matures in June 2030. The Amended and Restated ABL Credit Facility provides for revolving loans and letters of credit up to an aggregate amount of $125.0 million (with a limit on letters of credit of $40.0 million), with an uncommitted accordion feature provision allowing for the aggregate amount available to be increased up to $155.0 million upon the satisfaction of certain specified conditions.

Current wording

The company has a secured revolving credit facility (the Amended and Restated ABL Credit Facility), which matures in June 2030. The Amended and Restated ABL Credit Facility provides for revolving loans and letters of credit up to an aggregate amount of $125.0 million (with a limit on letters of credit of $40.0 million), with an uncommitted accordion feature allowing for the aggregate amount available to be increased up to $155.0 million upon the satisfaction of certain specified conditions.

Previous wording

Availability under the Amended and Restated ABL Credit Facility is subject to a borrowing base calculated by reference to the company’s receivables. At June 30, 2026, the company had no borrowings and $6.1 million of letters of credit outstanding. Availability under the Amended and Restated ABL Credit Facility was $99.7 million, net of letters of credit issued. Any borrowings under the Amended and Restated ABL Credit Facility will be subject to variable interest rates.

Current wording

Availability under the Amended and Restated ABL Credit Facility is subject to a borrowing base calculated by reference to the company’s receivables. At September 30, 2026, the company had no borrowings and $6.5 million of letters of credit outstanding. Availability under the Amended and Restated ABL Credit Facility was $89.1 million, net of letters of credit issued. Any borrowings under the Amended and Restated ABL Credit Facility will be subject to variable interest rates.

Previous wording

For the six months ended June 30, 2026, the company made cash contributions totaling $57.4 million to its global defined benefit pension plans. For the remainder of 2026, the company expects to make cash contributions of approximately $40 million, resulting in total expected 2026 cash contributions of approximately $97 million to the company’s global defined benefit pension plans. These contributions are expected to include approximately $47 million to the company’s U.S. qualified defined benefit pension plans and approximately $50 million, primarily to the company’s international defined benefit pension plans. Based on current funding requirements and assumptions, the company estimates future total cash contributions of approximately $104 million in 2027 to its global defined benefit pension plans. Actual future contributions may differ based on changes in regulatory requirements, interest rates, asset performance and other factors.

Current wording

For the nine months ended September 30, 2026, the company made cash contributions totaling $87.7 million to its global defined benefit pension plans. For the remainder of 2026, the company expects to make cash contributions of approximately $9 million, resulting in total expected 2026 cash contributions of approximately $97 million to the company’s global defined benefit pension plans. These contributions are expected to include approximately $47 million to the company’s U.S. qualified defined benefit pension plans and approximately $50 million, primarily to the company’s international defined benefit pension plans. Based on current funding requirements and assumptions, the company estimates future total cash contributions of approximately $101 million in 2027 to its global defined benefit pension plans. Actual future contributions may differ based on changes in regulatory requirements, interest rates, asset performance and other factors.

Previous wording

For the six months ended June 30, 2025, the company made cash contributions of $287.2 million, including a discretionary contribution of $250 million to its U.S. defined benefit pension plans.

Current wording

For the nine months ended September 30, 2025, the company made cash contributions of $317.2 million, including a discretionary contribution of $250 million to its U.S. defined benefit pension plans.