NORTH CANTON, Ohio, Dec. 17, 2025 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced that Moody's Ratings (Moody's) upgraded the credit ratings of Diebold Nixdorf, Incorporated, to B1 from B2 with a stable outlook. According to Moody's, the upgrade reflects the company's improved leverage, strengthened liquidity position and consistent positive free cash flow in 2025. Moody's also recognized Diebold Nixdorf's leading market share in the ...

Diebold Nixdorf Conference Call Summary Company Overview - **Company**: Diebold Nixdorf (NYSE: DBD) - **Industry**: Banking and Retail Technology Solutions Key Points and Arguments Company Positioning - Diebold Nixdorf is the leading player in global banking and retail self-checkout solutions, particularly in Europe [2][5] - The company has a strong backlog of approximately $920 million, indicating good revenue visibility for the next two quarters [3] Financial Performance - The company is on track to nearly double its free cash flow generation in 2025, with a commitment to return the majority to shareholders through a $200 million share repurchase program [4][32] - In Q3, Diebold Nixdorf reported a 2% year-over-year revenue growth and an adjusted EPS of $1.39, up more than $1 year-over-year [22] - The retail segment saw a 40% year-over-year order entry growth, with revenue up 8% [23] Product and Service Insights - The ATM business is stable, with an annual shipment of approximately 60,000 units expected to continue for the next six years [9] - The introduction of teller cash recyclers is a significant growth opportunity, aimed at reducing operational costs for banks [10][11] - The company has a 90%+ attach rate for services sold with products, with 70% of service revenue being recurring [3][12] Market Dynamics - The retail sector is recovering post-COVID, with growth opportunities particularly in North America, which is larger than the European market [13][15] - AI software developed by Diebold Nixdorf is effectively reducing theft at self-checkouts by 70% and improving customer experience through features like age verification and produce recognition [15][16][18] Strategic Initiatives - The company is focusing on a "local-for-local" manufacturing strategy to mitigate tariff impacts, which are estimated to be between $5-$10 million [5][6] - Diebold Nixdorf is enhancing operational efficiency through improved working capital management, with significant improvements in Days Sales Outstanding (DSO) and Days Inventory Outstanding (DIO) [28] Future Outlook - The company anticipates flat to low single-digit revenue growth in 2025, accelerating to mid-single-digit growth by 2027 [30] - Free cash flow conversion rates are projected to improve from 40% in 2025 to 60% by 2027 [31] - The company maintains a strong balance sheet with a net leverage ratio of 1.6, well within its target range [33] Capital Allocation - Diebold Nixdorf plans to continue prioritizing share repurchases over large acquisitions, focusing on small, bolt-on, and immediately accretive opportunities [35] Additional Important Insights - The company has undergone significant operational changes to improve cash flow management and reduce inventory buildup, which had previously been a challenge [42][43] - The recent S&P credit upgrade to B+ reflects the company's improved free cash flow generation and overall financial health [24] This summary encapsulates the key insights from the Diebold Nixdorf conference call, highlighting the company's strategic positioning, financial performance, product innovations, and future growth prospects.