NORTH CANTON, Ohio, Sept. 10, 2024 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced that Kathleen Creech is joining the company as executive vice president, chief people officer, effective Sept. 16. She will be responsible for leading employeefocused initiatives across the organization and overseeing the global human resources (HR) strategy for 21,000 Diebold Nixdorf employees worldwide. Kathleen Creech has been named chief people offi ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $940 million, an increase of 2.4% year-over-year, with gross margin expanding by 300 basis points [13][14] - Adjusted EBITDA for Q2 was $119 million, up 41% year-over-year, with an adjusted EBITDA margin of 12.6%, expanding 340 basis points [14][15] - Free cash flow for Q2 was a use of $16 million, favorable by $237 million year-over-year, indicating improved cash flow management [14][15] Business Line Data and Key Metrics Changes - Banking revenue was $707 million, up 6.4% year-over-year, driven by product revenue growth of 15.6% [16] - Retail revenue was $232 million, down 8% year-over-year, with service revenue growth of 2.9% offset by a 20.5% decline in product revenue [17][18] - Banking gross profit increased by $33 million year-over-year to $198 million, with gross margin expanding by 310 basis points [16] Market Data and Key Metrics Changes - Strong demand for DN series ATMs in North America, with a product backlog remaining above $1 billion [8][10] - Latin America is expected to see significant growth due to upcoming government contracts, while Europe shows stable demand [25][26] - Asia-Pacific markets are being approached with caution, focusing on profitable opportunities [26] Company Strategy and Development Direction - The company is focused on continuous improvement and operational execution, aiming to reduce dependency on a historically strong fourth quarter [7][10] - The goal is to become the number one self-checkout shipment provider in the Americas, following success in Europe [9] - The management team is enhancing talent and governance to support long-term growth and value creation [10][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the banking sector's demand, particularly for recycling technology [25][27] - The retail market is experiencing a slight slowdown in purchasing decisions, but the pipeline remains healthy [29] - The company expects to achieve greater free cash flow conversion over the next 12 to 24 months, targeting 50% of adjusted EBITDA [20][22] Other Important Information - The company updated its full-year adjusted EBITDA guidance to a range of $435 million to $450 million, up from previous guidance [21] - The product backlog of approximately $1 billion provides good coverage for product revenue for the remainder of the year [23] - The addition of two new directors with extensive experience in banking and technology is expected to strengthen the board [10] Q&A Session Summary Question: Demand trends across global banking markets - Management noted strong adoption of recycling technology in North America, with healthy demand from both large and small banks [25][26] Question: Retail customer conversations and investment tone - Management observed a slight slowdown in customer decisions but maintained a healthy pipeline, with customers seeking more integrated solutions [29][30] Question: Services gross margin sustainability - The target is to achieve service margins above 30% by the end of the year, with ongoing improvements expected [32][33] Question: Retail revenue decline and market environment - The revenue decrease was attributed to a mix of exiting lower-margin third-party sales and softer market conditions, with a 60/40 split between checkout hardware and third-party sales [36] Question: Improved EBITDA guidance and margin improvements - Management expects stronger product margins moving forward, with product margins now in the mid-20s and sustainable [39][40] Question: Backlog trends and future banking revenue sustainability - Management is focused on maintaining a linear revenue profile and believes strong order entry will support banking revenue [41][42]

1 Transforming the Way People Bank an | --- | --- | --- | |------------------------------|-------|-------| | | | | | Second Quarter 2024 Earnings | | | | | | | | Performance Summary Update | | | | August 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 expectation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ Form 10-Q __________________________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4879 ____________________________________ ...

Materials available at http://www.dieboldnixdorf.com/earnings NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today reported its 2024 second 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, ...

NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced that Maura A. Markus and Dr. Colin J. Parris have joined the company's board of directors. Dr. Colin Parris, former SVP and chief technology officer for GE Digital, has been named to the board of directors for Diebold Nixdorf. Dr. Colin Parris, former SVP and chief technology officer for GE Digital, has been named to the board of directors for Diebold Nix ...

Diebold Nixdorf, Incorporated (DBD) ended the recent trading session at $42.45, demonstrating a -1.26% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.78%. At the same time, the Dow lost 1.29%, and the tech-heavy Nasdaq lost 0.7%. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides ...

FRECKENFELD, Germany, and NORTH CANTON, Ohio, July 17, 2024 /PRNewswire/ -- It is now possible to quickly pick up a packet of flour or a bottle of wine around the clock – including weekends – in the village of Freckenfeld (Rhineland-Palatinate, Germany). The local village store had been closed since May 2023 and was recently reopened with a new operator and a new concept: as a 24/7 grocery store with self-service. To ensure a smooth operation, Diebold Nixdorf (NYSE: DBD) equipped the store called "Dorfladen ...

NORTH CANTON, Ohio, July 16, 2024 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, will release 2024 second quarter financial results on Wed., Aug. 7, before trading begins on the New York Stock Exchange. Octavio Marquez, president and chief executive officer, and Tom Timko, executive vice president and chief financial officer, will discuss the results during a conference call and webcast that day beginning at 8:30 a.m. ET. Dial-in number Conf. ID Tim ...

The latest trading session saw Diebold Nixdorf, Incorporated (DBD) ending at $39.42, denoting a +0.48% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 1.02%. Elsewhere, the Dow gained 1.09%, while the tech-heavy Nasdaq added 1.18%. Investors will be eagerly watching for the performance of Diebold Nixdorf, Incorporated in its upcoming earnings disclosure. Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of ...