Payments
Diebold Nixdorf sees profits in Q2 results
August 7, 2024
Diebold Nixdorf saw an operating profit of $70.7 million in its second quarter earnings, compared to a loss of $3.9 million year-over-year. It also had a non-GAAP profit of $102.8 million representing a 47.1% increase, according to a press release.
Key highlights include:
- GAAP profit margin of 7.5%. Non-GAAP of 10.9%.
- Net GAAP income of $14.8 million and non-GAAP of 118.8 million.
- GAAP revenue up 1.9% to $939.7 million.
- Non-GAAP revenue up 2.4%.
"Our improved operational execution, driven by our continuous improvement mindset, is generating positive results as we delivered another solid quarter. The combination of our market-leading product and service solutions, along with the team's commitment to safety, quality, delivery and cost, provides a strong foundation for long-term performance. Additionally, we are strengthening our business model to drive more profitable and linear revenue, allowing us to optimize working capital and deliver more consistent cash flow on a quarter-by-quarter basis," Octavio Marquez, president and CEO, Diebold Nixdorf, said in the release. "Given our strong year-to-date execution and outlook for the remainder of 2024, we are raising our full-year adjusted EBITDA guidance to a range of $435 million to $450 million. We are well positioned for future success and are focused on continuing our momentum into the second half of the 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.
