Diebold reports Q3 EPS ($2.86), consensus 81c

Reports Q3 revenue $943.4M, consensus $956.6M. CEO Octavio Marquez said: “We delivered strong Q3 financial results, growing revenue 17.1%, improving gross profit 20.1%, and operating profit 58.3% from the prior-year period. I am especially grateful for the ongoing support of our customers, as we grew ATM unit sales nearly 25% and more than doubled the number of SCOs we sold from the prior-year. As we managed the debt restructuring process, our team remained focused on our customers, continued to win in the market and introduced new hardware and software solutions. Our operational execution continued to improve as we accelerated backlog-to-revenue conversion and further normalized working capital. Based on our performance through three quarters of 2023, we are tracking toward the top half of the full-year financial outlook ranges for revenue and adjusted EBITDA we provided during our investor update on Aug. 14.”