NORTH CANTON, Ohio, Dec. 11, 2024 /PRNewswire/ -- Diebold Nixdorf, Incorporated (NYSE: DBD) (the "Company") today announced that it priced its previously announced offering (the "Notes Offering") of $950.0 million aggregate principal amount of 7.750% Senior Secured Notes due 2030 (the "Notes"). The Notes Offering is being conducted in reliance upon one or more exemptions from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be issued at a price o ...

Increased scope with a focus on automation and staff self-help to improve technology uptime and operational efficienciesNORTH CANTON, Ohio, Nov. 21, 2024 /PRNewswire/ -- Marks & Spencer (M&S), one of the largest retailers in the U.K., has renewed and increased the scope of its services contract with Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people shop, for an additional four years. The agreement includes support services for the entire store estate, managed services for self-check ...

1 Transforming the Way People Bank a | --- | --- | --- | |-----------------------------|-------|-------| | | | | | Third Quarter 2024 Earnings | | | | Performance Summary Update | | | | November 7, 2024 | | | 2 Forward-looking Statements This presentation and the exhibits hereto may contain statements that are not historical information and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or fore ...

Diebold Nixdorf, Incorporated (NYSE:DBD) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Chris Sikora – Vice President-Investor Relations Octavio Marquez – President and Chief Executive Officer Tom Timko – Executive Vice President and Chief Financial Officer Conference Call Participants Matt Summerville – D.A. Davidson Matt Bryson – Wedbush Operator Hello, good day and welcome to Diebold Nixdorf’s Third Quarter 2024 Earnings Call. My name is Pauli, and I’ll be coordinating ...

Financial Performance - Net sales for the three months ended September 30, 2024, reached $927.1 million, a significant increase from $591.8 million in the previous period[8] - Gross profit for the same period was $236.6 million, compared to $129.6 million previously, reflecting a gross margin improvement[8] - Operating profit for the three months was $46.4 million, up from $36.9 million in the prior period, indicating operational efficiency[8] - Net income attributable to Diebold Nixdorf, Incorporated for the three months was a loss of $22.4 million, compared to a loss of $8.9 million in the previous period[8] - For the nine months ended September 30, 2024, net sales totaled $2.76 billion, an increase from $2.13 billion in the prior year[10] - The company reported a gross profit of $688.4 million for the nine-month period, up from $520.0 million previously[10] - Basic earnings per share for the three months ended September 30, 2024, were $(0.60), compared to $(0.24) in the previous period[8] - Comprehensive income attributable to Diebold Nixdorf, Incorporated for the three months was $66.6 million, compared to a loss of $44.7 million in the prior period[12] - Net income for the Successor period ending September 30, 2024, was $(20.9) million, compared to $(8.2) million in the previous Successor period and $1,361.9 million in the Predecessor period[16] - The company reported a net loss of $21.7 million for the three months ended September 30, 2024, compared to a net income of $2,150.7 million in the Predecessor period[38] Cash Flow and Liquidity - Cash flow from operating activities showed a net cash used of $(47.0) million in the Successor period, compared to $(4.6) million in the previous Successor period and $(415.0) million in the Predecessor period[16] - Total cash, cash equivalents, and restricted cash at the end of the Successor period was $334.4 million, down from $440.3 million in the previous Successor period and $456.6 million in the Predecessor period[19] - The company reported a net cash used by investing activities of $(28.2) million in the Successor period, compared to $(10.3) million in the previous Successor period and $(16.0) million in the Predecessor period[18] - The company had a net cash (used), provided by financing activities of $(174.5) million in the Successor period, compared to $2.8 million in the previous Successor period and $563.5 million in the Predecessor period[18] - The company reported net cash used by operating activities of $47.0 million for the nine months ended September 30, 2024, compared to $4.6 million for the Successor period from August 12, 2023, through September 30, 2023[132] - The Company experienced a net cash outflow of $257.9 million in cash, cash equivalents, and restricted cash for the nine months ended September 30, 2024[132] Expenses and Investments - Research, development, and engineering expenses for the three months were $23.4 million, compared to $12.0 million in the prior period, indicating increased investment in innovation[8] - The company incurred interest expense of $38.4 million for the three months, up from $25.3 million previously, reflecting higher borrowing costs[8] - The company reported a significant increase in trade receivables, with a change of $55.5 million for the nine months ended September 30, 2024, compared to a decrease of $104.6 million for the same period in 2023[16] - The company experienced a decrease in inventories by $56.7 million for the nine months ended September 30, 2024, compared to an increase of $54.0 million for the same period in 2023[16] - The company incurred $31.8 million in restructuring and transformation expenses during the three months ended September 30, 2024[101] - Restructuring charges for the nine months ended September 30, 2024, total $79.1 million, with significant expenses related to selling and administrative expenses[56] Debt and Financing - The company has long-term debt totaling $1,099.6 million as of September 30, 2024, a decrease from $1,252.4 million at the end of 2023[58] - The Exit Facility, established on August 11, 2023, has a principal amount of $1,250.0 million with a maturity date in August 2028[61] - The company utilized $1,250.0 million from the DIP Facility to repay previous term loan obligations and cash collateralize letters of credit[60] - The Revolving Credit Agreement, effective February 13, 2024, provides a $200.0 million credit facility, which is fully drawn as of the effective date[63] - The company reported a $161.3 million repayment of the Revolving Credit Facility during the Successor period ended September 30, 2024[137] Accounting and Reporting Changes - The company has adopted fresh start accounting following its emergence from restructuring proceedings, which has significantly impacted its financial reporting[24] - The company adopted Fresh Start Accounting upon emergence from Chapter 11, resulting in a new entity for financial reporting purposes[34] - The company is currently evaluating the impact of recently issued accounting guidance on its financial statements, including ASU 2023-07 and ASU 2023-09[30] - The effective tax rate for the three months ended September 30, 2024, was 308.2%, significantly higher than the 4.2% in the Predecessor period[41] Segment Performance - Total revenue for the three months ended September 30, 2024, was $927.1 million, compared to $591.8 million for the same period in 2023[101] - Segment operating profit for Banking was $136.9 million for the three months ended September 30, 2024, up from $59.3 million in the same period in 2023[101] - Banking segment revenue reached $2,046.8 million for the nine months ended September 30, 2024, up from $1,511.0 million in the prior year, reflecting a growth of about 35.3%[107] - Retail segment revenue was $715.4 million for the nine months ended September 30, 2024, compared to $610.0 million in the same period of 2023, indicating an increase of approximately 17.2%[107] Inventory and Assets - Total inventories reached $641.1 million as of September 30, 2024, compared to $589.8 million on December 31, 2023, marking an increase of 8.7%[44] - Goodwill balance as of September 30, 2024, is $619.6 million, reflecting an increase from $612.3 million at the beginning of the year, with a currency translation adjustment contributing $7.3 million[46] - Total intangible assets as of September 30, 2024, amount to $845.8 million, with a gross carrying amount of $956.7 million and accumulated amortization of $110.9 million[48] Legal and Compliance - The company has several ongoing legal proceedings, including two appraisal proceedings related to its former subsidiary, Diebold Nixdorf AG, concerning cash exit compensation[82] - The company estimated the aggregate risk for indirect tax matters at $56.1 million as of September 30, 2024[81]

Materials available at http://www.dieboldnixdorf.com/earnings NORTH CANTON, Ohio, Nov. 7, 2024 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today reported its 2024 third quarter financial results. The full press release and a presentation summarizing results from the period are available at the Investor Relations section of Diebold Nixdorf's website at http://www.dieboldnixdorf.com/earnings.Octavio Marquez, president and chief executive officer, a ...

The most recent trading session ended with Diebold Nixdorf, Incorporated (DBD) standing at $47.55, reflecting a +0.55% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.33%. Meanwhile, the Dow experienced a drop of 0.22%, and the technology-dominated Nasdaq saw a decrease of 0.56%.Coming into today, shares of the company had gained 9.16% in the past month. In that same time, the Computer and Technology sector gained 2.83%, while the S&P 500 gained ...

Diebold Nixdorf, Incorporated (DBD) closed the most recent trading day at $45.30, moving +1.23% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.02%, and the tech-heavy Nasdaq gained 0.18%.Heading into today, shares of the company had gained 1.77% over the past month, lagging the Computer and Technology sector's gain of 3.5% and the S&P 500's gain of 2.76% in that time.The investment community will be closely monitori ...

Cash recycling technology streamlines operations, reduces costs and improves the sustainability of the bank's ATM fleet.NORTH CANTON, Ohio, Oct. 21, 2024 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced a pivotal development in its long-standing partnership with Piraeus, a Greek multinational financial services company. By the end of 2024, Piraeus will have replaced its fleet of more than 1,200 self-service devices located inside the b ...

The latest trading session saw Diebold Nixdorf, Incorporated (DBD) ending at $46, denoting a +0.33% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.47%. Meanwhile, the Dow gained 0.79%, and the Nasdaq, a tech-heavy index, added 0.28%. The the stock of company has risen by 5.91% in the past month, leading the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48%. The upcoming earnings release of Diebold Nixdorf, Incorporated will be of great inter ...