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Diebold Nixdorf lifts Q1 2023 sales, improves loss

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May 3, 2023

Diebold Nixdorf Inc. raised its Q1 2023 sales and improved its loss over the prior year period, according to an earnings report. Highlights include:

• Net sales rose 3.4% from $829.8 million in Q1 2022 to $858.1 million in the quarter ending March 31, 2023.
• Net loss improved from $183.9 million to $111.5 million in the comparative quarters.
• Diluted loss per share on a GAAP basis improved from $2.33 to $1.40.
• Diluted loss per share on a non-GAAP basis improved from $1.54 to 85 cents.
• Banking revenue rose 5.4% from $562.7 million to $592.9 million.
• ATM units sold rose from 9,671 to 12,503.
• Retail revenue fell 0.7% from $267.1 million to $265.2 million.
• SCO units sold fell 1% from 7,177 to 7,103.
• iPOS units sold fell 32.9% from 34,437 to 23,109.

Shares traded today at 47 cents against a 52-week range of 45 cents to $5.27.

The $858.1 million in quarterly revenue missed analyst expectations by $17.05 million while the non-GAAP EPS of 85 cents missed by 92 cents, according to Seeking Alpha.

"Our first quarter results reflect consistently strong market demand for our solutions, as well as positive outcomes from the operational improvements we've implemented over the past several months," Octavio Marquez, chairman, president and CEO, said in the press release. "We continue to see a robust demand environment for our banking and retail products driven by the long-term growth drivers around self-service and automation."