Q1 revenue rises, but profit falls at Diebold

Q1 revenue rises, but profit falls at Diebold
Tags: Manufacturers
April 19, 2005

NORTH CANTON, Ohio - Revenues rose to record heights during the first quarter of 2004 at Diebold, Incorporated, but profits fell slightly.

According to a regulatory filing, for the first 12 weeks of 2005, revenue was $540.2 million, up 8.4 percent from the comparable period in 2004. However, net income was $26.7 million, down from $29.2 million in the first quarter 2004.

The ATM manufacturer absorbed a $7.3 million restructuring charge in the period, which it attributed to the realignment of its operations in Western Europe.