Conduent Outlines ASCEND Plan to Reach 1.5x Net Leverage and Double-Digit EBITDA Margins by 2028
Conduent Incorporated (CNDT) reported third-quarter results that aligned with management expectations, featuring revenue from continuing operations of $534 million, a sequential increase from the second quarter. The company is currently executing its 'ASCEND' strategic plan, which focuses on driving operational efficiencies and improving profitability. The long-term roadmap for Conduent targets significant margin expansion, aiming for double-digit adjusted EBITDA margins by 2028. Additionally, management has outlined a path to reduce net leverage to 1.5 turns within the same timeframe, signaling a commitment to debt reduction and improved capital structure stability.
Tickers: $CNDT
Topics: earnings report management commentary revenue growth