Hardware
Diebold Nixdorf reports strong Q4, FY 2023 results
February 14, 2024
Diebold Nixdorf Inc. reported sales and earnings gains for Q4 and FY 2023, according to an earnings release.
Highlights include:
- Net sales rose 7% from $968.8 million in Q4 2022 to $1.04 billion in the quarter ending Dec. 31, 2023.
- Net income improved from a $152 million loss to a $27.5 million gain in the comparative quarters.
- EPS rose from a $1.89 loss to a 72-cent gain.
- Non-GAAP EPS for Q4 2023 was $3.02.
- Total banking revenue rose 8.6% from $689.1 million to $748.6 million.
- Total retail revenue rose 4% from $279.7 million to $288.2 million.
- Full-year revenue rose 8.7% from $3.46 billion to $3.76 billion.
- Full-year net income rose from a $42.1 million loss to a $107.4 million gain.
- Full-year non-GAAP EPS rose from a 53-cent loss to a $2.96 gain.
- Full-year banking revenue rose 10.2% from $2.42 billion to $2.68 billion.
- Full-year retail revenue rose 5.2% from $22.4 million to $36.24 million.
Shares traded today at $33.54 against a 52-week range of $16.50 to $34.54.
The quarterly revenue of $1.04 beat analyst estimates by $10 million and the non-GAAP EPS of $3.02 beat expectations by $1.59, according to Seeking Alpha.
"We delivered solid results in the fourth quarter, profitably growing revenue, expanding gross margin and driving disciplined cost management," CEO Octavio Marquez said in a press release. "Our improved operational execution helped us meet our 2023 targets as we finished the year delivering $401 million of adjusted EBITDA, at the high end of our expectations."
The company expects 2024 revenue to be in the low single digits.
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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.
