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13.7% YOY increase in Q1 lifts Diebold expectations for 2012

April 26, 2012

Diebold Inc. yesterday announced earnings for the first quarter of 2012, which closed out as the company's best-ever performance for the period. As a result, the company has adjusted upward its earnings guidance for the year from an expected overall revenue increase of 3–6 percent to a new estimate of 7–10 percent.

“We delivered record-setting first-quarter earnings per share performance, as the strength we saw in the fourth quarter continued into 2012,” said Thomas W. Swidarski, Diebold president and chief executive officer.

“Once again, we had exceptionally strong performance in North America, as demand for deposit automation and integrated services continues to grow. Additionally, our EMEA operation contributed to growth in earnings with a significant year-over-year reduction in first-quarter losses as we continue to benefit from our restructuring efforts."

First-quarter highlights included:

• Net income $45.2 million, up 13.7 percent from $2.5 million in 20101
• Total revenue for $698.5 million up 13.7% compared with prior-year period
• Improvement in both gross and operating margin

“Our results were also positively affected by accelerated automated teller machine (ATM) installations related to the March deadline for U.S. financial institutions to meet requirements for the Americans with Disabilities Act," Swidarski said. "This resulted in a much stronger first quarter than previously expected.

“Given the strong start to the year and the continued underlying strength in our markets, we have increased confidence in our ability to generate growth as we build our software-led services capabilities. Therefore, we are raising our full-year outlook for both revenue and earnings.”

A full first-quarter earnings report is available in the investor section of the Diebold website.

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Diebold Nixdorf

As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.

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