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Sep 30, 2022
Diebold Nixdorf Q3 2022 Earnings Report
Diebold Nixdorf's third quarter performance in 2022 was affected by macroeconomics challenges but supported by stable demand and progress with the TSA.
Key Takeaways
Diebold Nixdorf reported its third quarter 2022 financial results, highlighting stable demand with a product backlog of approximately $1.4 billion, progress with its transaction support agreement (TSA), and ongoing cost reduction efforts. The company experienced a decrease in total net sales compared to the previous year, primarily due to foreign currency translation impact and supply chain issues.
Product backlog remained stable at ~$1.4 billion, indicating consistent demand.
The company's new operating model is underway, with ~$170 million in savings already executed and identified.
Diebold Nixdorf entered into a Transaction Support Agreement (TSA) with lenders to refinance debt.
The company secured multiple deals in Banking and Retail segments, showcasing industry-leading solutions.
Revenue by Segment
Forward Guidance
In Q4, the conversion of backlog to revenue recognition will continue to be challenging and the company could see as much as 15% risk of unit-to-revenue conversion and its corresponding attached services and software.
Challenges Ahead
- Conversion of backlog to revenue recognition will continue to be challenging
- 15% risk of unit-to-revenue conversion
- Corresponding attached services and software revenues at risk
- A 15% variance in units would equate to approximately $100 million in revenue
- A 15% variance in units would equate to approximately $30 million in adjusted EBITDA, depending on geography, customer and product mix.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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