NORTH CANTON, Ohio -- Diebold, Incorporated (NYSE: DBD) reported net income of $27,790,000, or diluted 39 cents per share, on revenue of $423,613,000 for the second quarter ended June 30. This compares to second quarter 2000 net income of $35,833,000, or diluted 50 cents per share on revenue of $442,102,000, which included non-recurring voting machine and MedSelect revenue of $43,323,000.
Excluding the impact of realignment, special charges and operating loss of its MedSelect division, Diebold reported second-quarter net income of $34,304,000, or diluted earnings per share of 48 cents.
"We are very pleased with our results in the second quarter given a tough comparison to the company's performance from a year ago. Our professional and special services business continues to gain share as we expand our offerings," said Walden W. O'Dell, Diebold chairman, president and chief executive officer.
"We are continuing to move forward in terms of integrating our global operations and creating a more efficient cost structure. We're also beginning to execute our plan to diversify the makeup of our self-service business, with the announced investment in Global Election Systems," O'Dell added.
According to a Diebold news release, the company anticipates stronger second-half results, with fixed-rate sales growth for the third quarter in the mid single-digit range, excluding the impact of voting machines and MedSelect. Diebold says it expects third quarter earnings per share to be in the 46 cents to 51 cents range, excluding realignment and special charges.
A replay of a conference call with O'Dell and Senior Vice President and Chief Financial Officer Gregory T. Geswein, in which the two men discussed the company's financial performance, is available from Diebold's Web site and can be accessed until July 24, 2002.
