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Diebold reports fourth-quarter loss on higher revenues

February 13, 2011

Diebold Inc. this morning reported a fourth-quarter net loss on higher revenues for the three-month period ending Dec. 31, 2010.

The North Canton, Ohio-based ATM manufacturer recorded a net loss from continuing operations of $120.01 million compared with a net income from continuing operations of $1.1 million for the same three-month period in 2009.

Total sales for the period were $790.99 million, up 9 percent compared with $724.9 million for the same three-month period in 2009.

“Diebold delivered significant growth in revenue and generated more than $200 million in free cash flow during the fourth quarter,” said Thomas W. Swidarski, Diebold president and CEO. “In addition, our financial self-service orders in North America grew substantially as that market continues to recover and demand for our deposit automation solutions increases in the regional bank space.”

Diebold is the world’s third-largest ATM manufacturer based on annual shipments.

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