Diebold Nixdorf reported improved profitability in Q2 2020, driven by the DN Now transformation initiatives. The company is maintaining its 2020 outlook for revenue and adjusted EBITDA, with an improved outlook for free cash flow. A successful $1.1 billion debt refinancing in July materially extends maturities.
Reported record levels for quarterly non-GAAP gross margin, non-GAAP operating profit margin & adjusted EBITDA margin
Maintaining 2020 outlook for revenue and adjusted EBITDA, with improved outlook for free cash flow
Successful $1.1 billion debt refinancing in July materially extends maturities
GAAP operating margin expanded 170 basis points to 2.3% while non-GAAP operating margin increased 460 basis points to 11.0%
The company is reiterating its 2020 outlook for revenue and adjusted EBITDA. Additionally, the outlook for net cash provided by operating activities and free cash flow has improved.
Visualization of income flow from segment revenue to net income