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Diebold Nixdorf Q3 2022 sales, earnings decline

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November 8, 2022

Diebold Nixdorf Inc. suffered a Q3 2022 sales decline against the prior year period, primarily due to the foreign currency translation impact of the declining value of the Euro in comparison to the U.S. dollar, along with longer lead times resulting from global supply chain and logistics issues, according to a press release. Highlights include:

• Net sales fell 15.4% from $958.2 million in Q3 2021 to $810.4 million in the quarter ending Sept. 30, 2022.
• Net loss rose from $2 million to $50.5 million in the comparative quarters.
• Diluted loss per share rose from 3 cents to 63 cents on a GAAP basis and moved from a 34-cent gain to a 12-cent loss on a non-GAAP basis.
• Banking revenue fell 13.4% from $670.1 million to $580.3 million.
• Retail revenue fell 20.1% from $288.1 million to $230.1 million.
• The number of self-checkout units sold fell 39.7% from 4,368 to 2,632.
• The number of ePOS units sold rose 4.8% from 30,591 to 32,060.

Shares traded today at $2.31 against a 52-week range of $1.92-$11.

The $810.4 million in quarterly revenue missed analyst expectations by $33.2 million, while the non-GAAP of a 12-cent loss missed expectations by 36 cents, according to Seeking Alpha.

"Since March of this year, our fundamental objectives have remained focused on taking important steps to strengthen our business and competitive position," Octavio Marquez, president and CEO at Diebold Nixdorf Inc., said in the press release. "In the third quarter, while the macroeconomic environment presented widely discussed challenges, the combination of stable demand, industry-leading solutions, progress with the TSA and our ongoing cost reductions and operational improvements contributed to Diebold Nixdorf's ongoing confidence in our strategic operating model."

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DIEBOLD NIXDORF

As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions and retailers to improve efficiencies, protect assets and better serve consumers.

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