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Diebold reports 2Q financials
NORTH CANTON, Ohio (8/5/09)--ATM manufacturer Diebold Inc. reported that its second quarter revenue was $770.5 million, down 9% from the second quarter last year. Six-month year-to-date 2009 income from continuing operations was $34.9 million, down 20%. “There are signs that the market has bottomed out and is beginning to stabilize,” said Thomas Swidarski, Diebold president/CEO. “For the remainder of this year, however, we don’t expect any significant rebound in demand as spending remains tight with our financial customers.” Current assets total $1.6 billion. The company’s projected revenue outlook for the remainder of 2009 includes a 7% to 13% drop in total revenue. Earnings per share are expected to range between $1.34 and $1.52. Total products and services orders for financial self-service and security were down in the mid-20% range compared to last year. In the Americas, financial self-service orders decreased more than 30%, Diebold said. Total operating expenses for the second quarter was 18.3%, a decrease of 0.7 percentage points from last year. Total net debt was $238.4 million as of June 30--a $15.8 million reduction from Dec. 31. Diebold is based in North Canton, Ohio.
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