Payments

Diebold Nixdorf reports Q3 2024 results

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November 8, 2024

Diebold Nixdorfreported a revenue of $927.1 million in Q3 2024, down by 1.7% year-over-year. It also saw a gross GAAP profit of $236.6 million, down 1.4% year-over-year and non-GAAP gross profit of $259 million, up 8.2% year-over-year.

"I am proud of our team as we have now delivered seven consecutive quarters of gross margin expansion and delivered a strong third quarter. This reflects our accelerated adoption and execution of lean operating principles and continuous improvement across the company. Given the strength of our year-to-date financial performance and outlook for the fourth quarter, we are now expecting to finish the year at the high end of our adjusted EBITDA guidance range," Octavio Marquez, CEO and president of Diebold Nixdorf, said in the release.

"We have made meaningful progress with improving profitability and driving more linear revenue and cash flow, all while keeping our customers at the center of everything we do. We remain focused on continuing our momentum through year-end and progressing in our efforts to build a more disciplined, high-performing banking and retail technology leader that is positioned for long-term success."

Other key findings include:

• GAAP and non-GAAP margin of 25.5% and 27.9%
• Operating profit GAAP of $46.4 million down 21.1% year-over year.
• Operating profit non-GAAP of $101.8 million up 7.2% year-over-year.

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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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