NYSE$DBD

Diebold Nixdorf Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported sequential revenue increase and record backlog amidst new operating model implementation.

Diebold Nixdorf reported a sequential increase in revenue and a record backlog of $1.4 billion. The company is implementing a new operating model and cost savings plan. The company reaffirmed Adjusted EBITDA guidance of $320 million to $350 million.

  • Ended the second quarter with a record $1.4 billion in backlog.
  • Reported revenue of $852 million, up 3% sequentially.
  • Reaffirmed Adjusted EBITDA guidance of $320 million to $350 million.
  • New operating model well underway, with ~$120 million of annualized costs either removed or in a transition period.

Headline financials

Total Revenue

$852M

Previous: $944M-9.7%
EPS (adj)

-$2.52

Previous: -$0.39-546.2%
Free Cash Flow

-$199M

Previous: -$30.3M-557.4%
Net Income

-$199M

Previous: -$30.3M-557.4%
Operating Income

-$91.5M

Previous: $12.9M-809.3%
Gross Profit

$161M

Previous: $252M-36.2%
Cash & Equivalents

$250M

Previous: $224M+11.4%
Total Assets

$3.18B

Previous: $3.54B-10.0%
Stock-Based Comp

$5.2M

Previous: $4.5M+15.6%

Revenue & EPS history

Diebold Nixdorf · Revenue · Quarterly

$852M

Q2 2022-9.7%vs Q2 2021
Beat estimate in 3 of 7 quarters(43%)
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

Diebold Nixdorf expects total revenue of $3.55 billion to $3.75 billion and adjusted EBITDA of $320 million to $350 million for the full year 2022. Free cash flow is expected to break even.

Tailwinds

  • Reiterating adjusted EBITDA guidance range.
  • Reiterating free cash flow outlook.
  • Savings from restructuring plan and other cost management measures will offset adjusted revenue guidance.
  • Expect full-year revenue to be flat on a year-over-year basis on a constant currency basis adjusting for divestitures.
  • Confident in our operating model as we continue to implement cost savings and additional operational rigor to accelerate the pace of backlog conversion to revenue and free cash flow.

Headwinds

  • Adjusting full-year revenue outlook to reflect ongoing challenges in the macroeconomic environment.
  • A majority of the adjustment attributable to unfavorable FX impacts.
  • Free cash flow guidance includes cash restructuring charges.
  • Expect foreign currency exchange (FX) will be an additional, significant headwind in the second half of the year.
  • Working against the expected challenges faced during the past few quarters.

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
Q1 2023
Q4 2022
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Q4 2021
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Q2 2010
Q2 2009

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