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SECURITY: DBD (Common)
EXCHANGE: London Stock Exchange (DGE) New York Stock Exchange
Diebold, Incorporated
is a global leader in providing integrated security, services and self-service
delivery systems. Diebold employs more than 13,000 associates with representation
in more than 88 countries worldwide, and is headquartered in North Canton,
Ohio, USA. Diebold reported revenue of $2.1 billion in 2003 and is publicly
traded on the New York Stock Exchange under the symbol 'DBD.'
http://www.diebold.com
Title:
Diebold Reports 2008 Third Quarter Financial
Results
Date:
10/30/2008 8:12:00 AM
Third quarter net income of $46.5 million up 65.2 percent from 2007
- Continued significant improvement in operating profitability and
earnings
- Strong order growth and backlog, despite market challenges
- Quarterly cash from operating activities improved $80.7 million from
the third quarter 2007
NORTH CANTON, Ohio, Oct. 30 /PRNewswire-FirstCall/ -- Diebold, Incorporated
(NYSE: DBD) today reported 2008 third quarter revenue of $890.3 million,
an increase of 20.2 percent from the third quarter of 2007. The company
also reported net income of $46.5 million during the third quarter of 2008,
compared to net income of $28.1 million in the comparable period in 2007,
an increase of 65.2 percent. Earnings for the third quarter of 2008
were $.70 per share, compared to $.42 per share in the third quarter of
2007, an increase of 66.7 percent.
The third quarter 2008 results included restructuring charges of $.17 per
share, compared to $.01 per share in the third quarter of 2007. These
restructuring
charges related primarily to severance and reorganization costs from the
previously announced reduction in the company's global workforce.
In addition, the company also incurred $.29 per share in non-routine expenses
in
the
third quarter 2008, compared to $.04 per share in the third quarter 2007.
These
non-routine expenses primarily consisted of legal, audit and consultation
fees related to the completion of the internal review of other
accounting
items, the restatement of financial statements and the ongoing Securities
and Exchange Commission (SEC) and U.S. Department of Justice (DOJ) investigations,
as well as other advisory fees. Of the $.29 per share in non- routine
expenses in the third quarter of 2008, $.16 per share was related to a
fee owed to financial advisor Goldman Sachs as a result of the withdrawal
of the unsolicited takeover bid from United Technologies Corp. Excluding
these restructuring charges and non-routine expenses, diluted earnings
per share in the third quarter of 2008 would have been $1.16 versus $.47
in the third quarter 2007*, an increase of 146.8 percent.
Cash from operating activities in the third quarter of 2008 was $56.3 million,
compared to a cash use from operating activities of $24.4 million in the
third quarter of 2007. Free cash flow during the third quarter of
2008 was $43.4 million, compared to free cash use of $34.7 million during
the third quarter of 2007*.
Diebold
Board Declares Fourth-Quarter Cash Dividend
NORTH
CANTON, Ohio, Oct. 9 /PRNewswire-FirstCall/ -- The Board of Directors of
Diebold, Incorporated (NYSE: DBD) today declared a fourth-quarter cash
dividend of 25 cents per share on all common shares. The dividend is payable
on Friday, Dec. 5, to shareholders of record at the close of business on
Monday, Nov. 17.
Diebold
Files Financial Reports; Raises 2008 Earnings Outlook
Cost-reduction
initiatives gaining traction; market environment remains sound
NORTH
CANTON, Ohio, Sept. 30 /PRNewswire-FirstCall/ -- Diebold, Incorporated
(NYSE: DBD) announced today that it has filed all of its late reports with
the U.S. Securities and Exchange Commission (SEC), meeting the filing schedule
previously announced by the company. Diebold today filed its Annual Report
on Form 10-K for the year ended December 31, 2007 and its Quarterly Reports
on Form 10-Q for the quarters ended June 30, 2007, September 30, 2007,
March 31, 2008 and June 30, 2008.
As
a result of completing these filings, Diebold is now able to resume its
normal reporting schedule beginning with the third quarter 2008. The completion
of these filings also marks the conclusion of the previously disclosed
internal review of other accounting items. While these filings include
all of the adjustments identified in the internal review, the previously
disclosed investigations by the SEC and U.S. Department of Justice (DOJ)
remain ongoing and there can be no assurance that the results of these
investigations will not impact previously reported financial statements.
In
addition, Diebold has raised its expectations for full-year 2008 earnings
per share as follows:
Earnings per share
Previous guidance
Current guidance
(provided August 11, 2008)
2008 EPS (GAAP)
$1.47 - $1.37
$1.62 - $1.52
Restructuring charges $.45 - $.56
$.45 - $.56
Non-routine expenses $.28 - $.32
$.28 - $.32
Impairment
$.05
$.05
2008 EPS non-GAAP
$2.25 - $2.30
$2.40 - $2.45
The
upward revision in Diebold's earnings expectations are a result of earlier-than-expected
progress from its cost-reduction initiatives, improved profitability from
the company's Brazilian voting and lottery businesses, continued demand
for the company's solutions in the global financial markets and a lower
anticipated effective tax rate.
"We
are very pleased that we have become current with our financial reporting,
which has been a top priority for the company for more than a year," said
Thomas W. Swidarski, Diebold president and chief executive officer. "A
tremendous amount of work and resources have gone into completing these
filings, and we're happy to put this milestone behind us as we now intensify
our efforts to improve customer satisfaction, reduce costs and increase
shareholder value.
"The
significant progress we've made in our cost-reduction initiatives has resulted
in some of our anticipated savings coming in earlier than planned," Swidarski
said. "This continued progress in reducing costs positions us well as we
work toward achieving our profitability goals for 2009 and beyond. In addition,
our global sales environment remains solid despite the well-publicized
challenges facing the financial industry in the United States, as demonstrated
by some of the recent orders we've announced.
"Since
2006, we have focused on putting the right leadership in place, improving
the key drivers of profitability and positioning the company for future
growth," Swidarski concluded. "We are now seeing the tangible results of
these efforts. Recognizing there's much more for us to accomplish, I am
increasingly confident in our strategies and our ability to execute on
those strategies."
To
view supporting financial schedules and reconciliations
Diebold
Announces Release Date for 2008 First Quarter Preliminary Revenue Estimates
Date:
4/17/2008 3:00:00 PM
NORTH
CANTON, Ohio, April 17, 2008 /PRNewswire-FirstCall via COMTEX News Network/
-- Diebold, Incorporated (NYSE: DBD) intends to release its 2008 first
quarter preliminary revenue estimates on April 30, 2008, before trading
begins on the New York Stock Exchange. The release will also include estimated
data on the company's net debt position, market outlook and other strategic
information. Management is not hosting a conference call in conjunction
with the release.
As
previously disclosed, the company is not in a position to release its full
financial statements, including earnings, until after completion of the
review of other accounting items by the company and its audit committee,
in consultation with their outside advisors. The company currently anticipates
this review will be completed by the end of the second quarter of 2008.
Diebold
Board Declares Fourth-Quarter Dividend
NORTH
CANTON, Ohio, Oct. 18 /PRNewswire-FirstCall/ -- The Board of Directors
of Diebold, Incorporated (NYSE: DBD) today declared a fourth-quarter
cash
dividend of 23.5 cents per share on all common shares. The dividend
is payable on Friday, Dec. 7, to shareholders of record at the close of
business
on
Friday, Nov. 16
Diebold
Announces Fourth-Quarter Dividend
Date:
10/5/2006 9:28:00 AM
NORTH
CANTON, Ohio, Oct. 5 /PRNewswire-FirstCall/ -- The Board of Directors of
Diebold, Incorporated (NYSE: DBD) today declared a fourth-quarter cash
dividend of 21.5 cents per share on all common shares. The dividend
is payable on Friday, Dec. 8, to shareholders of record at the close of
business on Friday, Nov. 17.
Diebold
Board Declares Third-Quarter Dividend
Date:
8/17/2006 1:18:00 PM
NORTH
CANTON, Ohio, Aug. 17 /PRNewswire-FirstCall/ -- The Board of Directors
of Diebold, Incorporated (NYSE: DBD) today declared a third-quarter cash
dividend of 21.5 cents per share on all common shares. The dividend
is payable on Friday, Sept. 8, to shareholders of record at the close of
business on Monday, Aug. 28. In addition, the board tabled
the discussion on an additional share repurchase authorization to a future
board meeting. The company has approximately 1.3 million shares remaining
on its most recent share authorization
Diebold
Reports Second Quarter Financial Results
Date:
7/25/2006 8:05:00 AM
- GAAP earnings of $.26 per share, or $.36 per share excluding
restructuring charges*
- Multi-year profit improvement program on track
- Lower-than-expected production volume in Cassis, France resulting in
higher supply-chain costs
- Company repurchased approximately 1.9 million shares of common stock
under its repurchase plan
NORTH CANTON, Ohio, July 25 /PRNewswire-FirstCall/ -- Diebold,Incorporated
(NYSE: DBD) today reported second quarter 2006 revenue from continuing
operations of $726.4 million, up 17.4 percent from the secondquarter of
2005. Net income for the second quarter was $17.2 million, compared
to net income of $32.0 million in the second quarter of 2005. Diluted earnings
per share were $.26 compared to $.45 in the second quarter of 2005.
Included in the second quarter 2006 reported results were restructuringcharges
of $.10 per share resulting primarily from the termination of the information
technology (IT) outsourcing agreement and product development rationalization.
Excluding the impact of these items*, diluted earnings per share in the
second quarter would have been $.36.
Net cash provided by operating activities was $23.0 million, a $30.0 million
improvement from the comparable period in the prior year. Free cash
flow* increased by $25.4 million, moving from free cash use* of $24.2 million
in the second quarter 2005 to $1.2 million in the second quarter 2006.
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