News
Diebold reports record income in 2Q
July 24, 2002
NORTH CANTON, Ohio -- Diebold Inc. (NYSE:DBD), buoyed by the success of its Americas and Asia-Pacific divisions, reported record net income of $39,789,000 on revenue of $483,489,000 for the second quarter ended June 30.
Net income increased 43.2 percent compared to the second quarter of 2001, when Diebold had net income of $27,790,000. For the six months ending June 30, Diebold reported net income of $33,143,000, down 6.2 percent from $35,347,000 in 2001.
Earnings per share for the quarter was 55 cents per share, compared with 39 cents in 2001's second quarter.
Company officials reported that revenue for its Americans region increased 20.7 percent from the second quarter 2001 to the same period this year ($322,996,000 to $389,839,000), while the Asia-Pacific region increased 27 percent ($22,000,000 to $27,945,000).
"We are extremely pleased with our record second-quarter revenue and earnings results and the fact that we delivered at the high end of our (earnings-per-share) guidance range during a time of economic uncertainty," Walden W. O'Dell, Diebold chairman, president and chief executive officer, said in a news release.
Diebold officials predicted the company's third-quarter revenue would increase in the low double-digit range, with earnings per share of 57 cents to 61 cents.
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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.
