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Sep 30, 2024
Diebold Nixdorf Q3 2024 Earnings Report
Reported third quarter financial results and expects to achieve high end of adjusted EBITDA guidance for 2024.
Key Takeaways
Diebold Nixdorf reported a (1.7)% YOY decrease in revenue to $927.1 million, but achieved a gross profit (GAAP) of $236.6 million and an operating profit of $46.4 million. The company expects to finish the year at the high end of its adjusted EBITDA guidance range.
Continued strength in Banking with major wins in the U.S, Netherlands, Brazil and Asia-Pacific.
In Retail, continued to generate demand for self-checkout solutions across Eurasia while strengthening our leading position in self-service kiosks and expanding the North America business with leading QSR brands.
Accelerating adoption of lean manufacturing principles; conducted Shingijutsu Kaizen events at plants in Germany and Brazil, and successfully launched a new cloud-based sales and operations planning model.
Achieved a credit rating upgrade with positive outlook from Moody's Ratings, reflecting solid operational execution and expectations for improved annual free cash flow generation.
Forward Guidance
Company expects to finish the year at the high-end of its adjusted EBITDA range, reflecting stronger profitability driven by its continuous improvement efforts. Full-year revenue outlook incorporates continued strength in banking, offset by retail product market headwinds, as well as a modest unfavorable impact from foreign currency exchange.
Positive Outlook
- Company expects to finish the year at the high-end of its adjusted EBITDA range, reflecting stronger profitability driven by its continuous improvement efforts.
Challenges Ahead
- Full-year revenue outlook incorporates continued strength in banking, offset by retail product market headwinds, as well as a modest unfavorable impact from foreign currency exchange.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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