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Wednesday, August 1, 2018

-=Diebold Nixdorf (DBD) reported earnings on Wed 1 Aug 2018 (b/o)

Diebold Nixdorf misses by $0.24, reports revs in-line; slightly lowers FY18 revenue guidance; says Q2 was hurt by higher service and delivery costs
  • Reports Q2 (Jun) loss of $(0.21) per share, excluding non-recurring items, $0.24 worse than the Capital IQ Consensus of $0.03; revenues fell 2.5% year/year to $1.11 bln vs the $1.10 bln Capital IQ Consensus.
    • Co says its bottom-line results were clearly disappointing as it experienced higher service and delivery costs during the quarter. Contributing to this performance is a high degree of complexity that permeates the business, and the co is focused on several actions to simplify its operations and rationalize its cost structure.
  • Co slightly lowers revenue guidance for FY18 to approx $4.50 bln from $4.5-4.7 bln. This compares to the $4.58 bln Capital IQ Consensus Estimate. Co lowers FY18 adjusted EBITDA guidance to $280-320 mln from $380-410 mln.

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