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Diebold Nixdorf sees revenue, profit growth in Q3 2023

Diebold Nixdorf released its Q3 earnings report, which saw its non-GAAP revenue increase by 17.1% year-over-year. It also delivered 14,700 ATMs and cash recycling solutions during the quarter, a 24.5% increase year-over-year, according to a press release. The company recently reemerged from bankruptcy this year, following a restructuring plan.

For this year’s results, Diebold Nixdorf used combined results, a non-GAAP measurement tool, which saw a total net sales of $943.4 million, compared to GAAP results of $810.4 million last year. Its non-GAAP adjusted sales were $943.3 million compared to $805.4 million. Its gross profit was $239.9 combined results and $239.4 million non-GAAP compared to $193.8 and $199.3 million year-over year.

In addition, its operating profit based on combined results was $58.8 million and $95 million non-GAAP compared to $5.5 million GAAP and $60 million non-GAAP year-over-year.

«We delivered strong third quarter financial results, growing revenue 17.1%, improving gross profit 20.1%, and operating profit 58.3% from the prior-year period. I am especially grateful for the ongoing support of our customers, as we grew ATM unit sales nearly 25% and more than doubled the number of SCOs we sold from the prior-year,» Octavio Marquez, president and CEO, Diebold Nixdorf, said in the release. «As we managed the debt restructuring process, our team remained focused on our customers, continued to win in the market and introduced new hardware and software solutions. Our operational execution continued to improve as we accelerated backlog to-revenue conversion and further normalized working capital.»