News

Record second-quarter earnings for Diebold

July 24, 2002

NORTH CANTON, Ohio -- ATM and kiosk manufacturer Diebold Inc. (NYSE:DBD), buoyed by the success of its Americas and Asia-Pacific divisions, reported record net income of $39,789,000 on revenue of $483,489,000 for the second quarter, ending June 30.

Net income increased 43.2 percent compared to the second quarter, 2001, net income of $27,790,000. For the six months ending June 30, Diebold reported net income of $33,143,000, down 6.2 percent from $35,347,000 the year before.

Earnings per share for the quarter was 55 cents per share, compared with 39 cents in the second quarter of 2001.

Company officials reported that revenue for its Americans region increased 20.7 percent from the second quarter 2001 to the same period this year ($322,996,000 to $389,839,000), while the Asia-Pacific region increased 27 percent ($22,000,000 to $27,945,000).

"We are extremely pleased with our record second-quarter revenue and earnings results and the fact that we delivered at the high end of our (earnings-per-share) guidance range during a time of economic uncertainty," Walden W. O'Dell, Diebold chairman, president, and chief executive officer, said in a news release.

Diebold officials predicted third-quarter revenue would increase in the low double-digit range, with earnings per share expected in the 57-cent-to-61-cent range.