NYSE$DBD

Diebold Nixdorf Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported strong third quarter financial results with revenue and profit growth.

Diebold Nixdorf reported strong Q3 2023 financial results, with a 17.1% increase in revenue, a 20.1% improvement in gross profit, and a 58.3% increase in operating profit compared to the prior-year period. The company saw significant growth in ATM unit sales and SCO deliveries and is tracking toward the top half of its full-year financial outlook ranges for revenue and adjusted EBITDA.

  • Revenue grew by 17.1% compared to the prior-year period.
  • Gross profit improved by 20.1% from the prior-year period.
  • Operating profit increased by 58.3% compared to the prior-year period.
  • ATM unit sales increased by nearly 25%, and SCO sales more than doubled from the prior year.

Headline financials

Total Revenue

$592M

Previous: $810M-27.0%
EPS (adj)

-$0.24

Previous: -$0.63+61.9%
Operating Margin

6.2%

No prior period
Adjusted EBITDA

$109M

Previous: $75.6M+44.3%
Capital Expenditures

-$13.4M

No prior period
Free Cash Flow

-$26.5M

Previous: -$49.8M+46.8%
Net Income

-$26.5M

Previous: -$49.8M+46.8%
Operating Income

$36.9M

Previous: $5.5M+570.9%
Gross Profit

$130M

Previous: $194M-33.1%
Cash & Equivalents

$376M

Previous: $128M+192.9%
Total Assets

$4.02B

Previous: $2.91B+38.3%
R&D Expense

$22M

No prior period

Revenue & EPS history

Diebold Nixdorf · Revenue · Quarterly

$592M

Q3 2023-27%vs Q3 2022
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 is tracking toward the top half of its full-year financial outlook ranges for revenue and adjusted EBITDA provided during the investor update on Aug. 14.

Historical earnings impact

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

Avg. return before/after earnings

Based on 10 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+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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