NORTH CANTON, Ohio -- Diebold, Inc., (NYSE: DBD) reported first quarter net income of $26.5 million, or diluted 37 cents per share, compared with net income of $7.6 million, or diluted 11 cents per share, in first quarter 2001. That's an increase of 350 percent.
Diebold announced total revenue for the quarter of $401.0 million, compared with $383.9 million, in first quarter 2001, a jump of 4.5 percent.
The ATM manufacturer reported increases in revenue in several key areas, including financial self-service maintenance (9.2 percent) and security solutions (25.7 percent). The company also improved its sales in Asia Pacific (13.1 percent) and the Americas (6.8 percent).
Chairman Walden W. O'Dell, in a news release, credited the company's "cost containment efforts" as a contributor to the positive first quarter report.
The company's outlook for the second quarter is for continued increases in earnings. It expects earnings per share in the second quarter to fall between 50 and 55 cents.
