NYSE$DBD

Diebold Nixdorf Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Diebold Nixdorf's third quarter performance in 2022 was affected by macroeconomics challenges but supported by stable demand and progress with the TSA.

Diebold Nixdorf reported its third quarter 2022 financial results, highlighting stable demand with a product backlog of approximately $1.4 billion, progress with its transaction support agreement (TSA), and ongoing cost reduction efforts. The company experienced a decrease in total net sales compared to the previous year, primarily due to foreign currency translation impact and supply chain issues.

  • Product backlog remained stable at ~$1.4 billion, indicating consistent demand.
  • The company's new operating model is underway, with ~$170 million in savings already executed and identified.
  • Diebold Nixdorf entered into a Transaction Support Agreement (TSA) with lenders to refinance debt.
  • The company secured multiple deals in Banking and Retail segments, showcasing industry-leading solutions.

Headline financials

Total Revenue

$810M

Previous: $958M-15.4%
EPS (adj)

-$0.63

Previous: -$0.03-2000.0%
Adjusted EBITDA

$75.6M

Previous: $103M-26.4%
Free Cash Flow

-$49.8M

Previous: -$2.1M-2271.4%
Net Income

-$49.8M

Previous: -$2.1M-2271.4%
Operating Income

$5.5M

Previous: $38.7M-85.8%
Gross Profit

$194M

Previous: $260M-25.5%
Cash & Equivalents

$128M

Previous: $216M-40.5%
Total Assets

$2.91B

Previous: $3.59B-18.9%
Stock-Based Comp

$2.7M

Previous: $4.7M-42.6%

Revenue & EPS history

Diebold Nixdorf · Revenue · Quarterly

$810M

Q3 2022-15.4%vs Q3 2021
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Revenue by segment

Diebold Nixdorf · $610M total across 3 segments · Q3 2022

  • Banking Services
    $380M
  • Retail Services
    $134M
  • Retail Products
    $95.7M

Forward guidance

In Q4, the conversion of backlog to revenue recognition will continue to be challenging and the company could see as much as 15% risk of unit-to-revenue conversion and its corresponding attached services and software.

Headwinds

  • Conversion of backlog to revenue recognition will continue to be challenging
  • 15% risk of unit-to-revenue conversion
  • Corresponding attached services and software revenues at risk
  • A 15% variance in units would equate to approximately $100 million in revenue
  • A 15% variance in units would equate to approximately $30 million in adjusted EBITDA, depending on geography, customer and product mix.

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
Q3 2022
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q4 2020
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Q2 2020
Q1 2020
Q4 2019
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Q4 2018
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Q4 2016
Q3 2016
Q4 2015
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Q3 2015
Q2 2015
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Q4 2014
Q3 2014
Q2 2014
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Q4 2013
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Q1 2013
Q4 2012
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Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2010
Q1 2011
Q4 2010
Q4 2008
Q3 2009
Q3 2010
Q4 2009
Q2 2010
Q2 2009

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