Diebold Nixdorf(DBD)

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Diebold Nixdorf(DBD) - 2022 Q3 - Quarterly Report
2022-11-09 21:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ Form 10-Q __________________________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4879 _______________________________ ...
Diebold Nixdorf(DBD) - 2022 Q3 - Earnings Call Transcript
2022-11-08 19:26
Financial Data and Key Metrics Changes - Total revenue for Q3 2022 was $805 million, with adjusted EBITDA of $76 million, aligning with the operating forecast [23][22] - Services gross margin improved sequentially by 100 basis points to 31.3%, while product gross margin percentage declined due to an unfavorable product mix [24][25] - Operating expenses decreased to approximately $139 million, with expectations for normalized quarterly operating expenses to be in the $155 million to $160 million range going forward [25][22] Business Line Data and Key Metrics Changes - Backlog remained near historic highs at approximately $1.4 billion in Q3, with expectations to decrease in Q4 due to product delivery [7][12] - The company expects to ship 52,000 ATMs, 25,000 self-checkout units, and 127 points of sale terminals in 2022, with a forecast of 60,000 ATMs and 35,000 self-checkouts for 2023 [11][12] - Cash dispensers represented approximately 47% of ATM units in Q3, up from 42% in Q2, indicating a shift in product mix [24] Market Data and Key Metrics Changes - Demand for banking and retail solutions remains strong, particularly in the Americas, with significant deployments in the US for self-checkout solutions [6][39] - Europe is expected to remain a flat market, while Asia Pacific presents opportunities for growth, particularly in India [40][41] Company Strategy and Development Direction - The company aims to maintain its leadership in banking and retail technology, focusing on market share growth in ATM products and self-checkout solutions [18][19] - A Transaction Support Agreement (TSA) was entered to extend near-term debt maturities and improve liquidity, reflecting confidence in the long-term strategic operating model [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in product revenues entering 2023, supported by a strong backlog and market demand [12][14] - The company is working to normalize supplier relationships and improve working capital management to enhance supply chain success [30][76] Other Important Information - The company has executed approximately $170 million in savings through cost management efforts and is modeling an additional $25 million in savings [9] - The forecast for unlevered free cash flow for 2022 is projected at a use of $243 million, primarily due to working capital normalization and TSA-related fees [28][30] Q&A Session Summary Question: What needs to happen for the company to ship 22,000 ATMs in Q4? - The company has 14,000 units ready for delivery, and converting a significant portion of that inventory is essential to meet the target [32][33] Question: Can you provide details on incoming order rates by region? - Order intake for self-checkout remains strong, with significant deployments in the US and continued demand across the Americas [35][39] Question: What is the impact of product mix on margins? - The product mix is expected to stabilize over several quarters, with a goal of achieving a normalized mix of cash dispensers and recyclers [45][47] Question: What are the conditions for closing the TSA transaction? - The TSA transaction is expected to close by the end of December, allowing for normalized supplier relationships and improved liquidity [90][89]
Diebold Nixdorf(DBD) - 2022 Q2 - Quarterly Report
2022-08-09 20:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ Form 10-Q __________________________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4879 ____________________________________ ...
Diebold Nixdorf(DBD) - 2022 Q2 - Earnings Call Transcript
2022-08-02 16:52
Diebold Nixdorf, Inc. (NYSE:DBD) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET Company Participants Christine Marchuska - VP & Head, IR Octavio Marquez - President, CEO & Director Jeffrey Rutherford - EVP & CFO Conference Call Participants Matt Summerville - D.A. Davidson & Co. Jeffrey Harlib - Barclays Bank Kartik Mehta - Northcoast Research Partners Peter Sakon - CreditSights Arun Seshadri - Crédit Suisse Matthew Bryson - Wedbush Securities Operator Good morning. My name is Adam, and I will ...
Diebold Nixdorf(DBD) - 2022 Q1 - Quarterly Report
2022-05-10 20:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ Form 10-Q __________________________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4879 ___________________________________ ...
Diebold Nixdorf(DBD) - 2022 Q1 - Earnings Call Transcript
2022-05-10 18:27
Diebold Nixdorf, Inc. (NYSE:DBD) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Christine Marchuska - VP & Head, IR Octavio Marquez - President, CEO & Director Jeffrey Rutherford - EVP & CFO Conference Call Participants Matt Summerville - D.A. Davidson & Co. Jeffrey Harlib - Barclays Bank Arun Seshadri - Crédit Suisse Paul Chung - JPMorgan Chase & Co. Matthew Bryson - Wedbush Securities Anastazia Goshko - Bank of America Merrill Lynch Robert Jost - Invesco Ltd. Operator Good m ...
Diebold Nixdorf(DBD) - 2021 Q4 - Annual Report
2022-03-11 18:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4879 Diebold Nixdorf, Incorporated (Exact name of registrant as specified in its charter) Ohio 34-0183970 (State or other jurisdiction of incorpora ...
Diebold Nixdorf(DBD) - 2021 Q4 - Earnings Call Transcript
2022-02-10 18:59
Diebold Nixdorf, Inc. (NYSE:DBD) Q4 2021 Earnings Conference Call February 10, 2022 8:30 AM ET Company Participants Christine Marchuska - VP, IR Gerrard Schmid - President, CEO & Director Octavio Marquez - EVP, Global Banking Jeffrey Rutherford - EVP, CFO & Principal Accounting Officer Conference Call Participants Matt Summerville - D.A. Davidson & Co. Kartik Mehta - Northcoast Research Partners Matthew Bryson - Wedbush Securities Robert Jost - Invesco Ltd. Justin Bergner - G. Research Operator Good morning ...
Diebold Nixdorf(DBD) - 2021 Q3 - Quarterly Report
2021-10-28 20:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ Form 10-Q __________________________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4879 _______________________________ ...
Diebold Nixdorf(DBD) - 2021 Q3 - Earnings Call Transcript
2021-10-28 18:47
Diebold Nixdorf, Incorporated. (NYSE:DBD) Q1 2021 Results Earnings Conference Call October 28, 2021 8:30 AM ET Company Participants Christine Marchuska - Vice-President of Investor Relations Gerrard Schmid - President & Chief Executive Officer Jeff Rutherford - Senior Vice President & Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Kartik Mehta - Northcoast Paul Chung - JPMorgan Justin Bergner - Gabelli Funds Marla Backer - Sidoti Operator Good morning, good afternoon. ...