NYSE$DBD

Diebold Nixdorf Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported second quarter financial results with revenue growth and strong product order growth.

Diebold Nixdorf reported a 6.0% YoY increase in total company revenue, driven by strong retail growth. Product demand surged, with a 40% YoY increase in product orders, marking the strongest quarterly order book in four years. The company adjusts 2021 profit and free cash flow outlook to reflect supply chain inflation.

  • Product demand accelerated during the quarter, fueled by market share gains for next-generation DN Series EASY™ self-checkout solutions and DN Series™ ATMs.
  • Total revenue increased during the quarter, led by very strong retail growth of 38%.
  • Experienced some revenue delays from longer procurement and transport lead times due to developing global supply chain complexities.
  • Higher-than-expected inflation for components and logistics lead to adjust 2021 outlook for profit and free cash flow.

Headline financials

Total Revenue

$944M

Previous: $891M+6.0%
EPS (adj)

-$0.39

Previous: $0.38-202.6%
Adjusted EBITDA

$86.3M

No prior period
Free Cash Flow

-$30.3M

Previous: -$23.7M-27.8%
Net Income

-$30.3M

Previous: -$23.7M-27.8%
Operating Income

$12.9M

Previous: $20.5M-37.1%
Gross Profit

$252M

Previous: $248M+1.7%
Cash & Equivalents

$224M

Previous: $446M-49.8%
Total Assets

$3.54B

Previous: $3.72B-5.0%
Stock-Based Comp

$4.5M

No prior period

Revenue & EPS history

Diebold Nixdorf · Revenue · Quarterly

$944M

Q2 2021+6%vs Q2 2020
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Diebold Nixdorf · $943M total across 4 segments · Q3 2023

  • Banking Services
    $401M+5.7%
  • Banking Products
    $261M
  • Retail Services
    $145M+7.7%
  • Retail Products
    $137M+42.6%

Forward guidance

The company is reiterating its full-year revenue forecast of 3% to 5% growth. At the same time, higher-than-expected inflation for components and logistics lead us to adjust our 2021 outlook for profit and free cash flow.

Tailwinds

  • Expect solid demand for our solutions
  • Continue to work closely with our suppliers to manage global supply chain volatility
  • Execute our cost reduction initiatives
  • Leverage the operating rigor we have developed during our DN Now transformation
  • Remain committed to delivering strong free cash flow growth as we conclude our DN Now restructuring payments

Headwinds

  • Higher-than-expected inflation for components
  • Higher-than-expected inflation for logistics
  • Revenue delays from longer procurement lead times
  • Revenue delays from longer transport lead times
  • Tightening supply chain drove higher freight costs

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 10 quarterly earnings reports

Historical avg

+0.4%

Avg return

Earnings day

+4.0%

Avg return

5 days after

+6.3%

Avg return

30 days after

50%

5 / 10 earnings

Positive

+12.4%

Q3 2025

Best reaction

-17.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.4%-6.5%-2.8%
Q4 2025+4.5%+14.1%+0.2%
Q3 2025+12.4%+15.6%+16.2%
Q1 2025-2.8%+6.0%+10.5%
Q4 2024+6.8%+5.9%-3.1%
Q3 2024-17.7%-18.8%-6.0%
Q2 2024-3.0%+5.5%+10.6%
Q1 2024-0.6%-2.9%-8.1%
Q4 2023+2.5%+2.1%+0.7%
Q3 2023+9.1%+19.4%+45.3%
Q2 2023
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