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Diebold Inc (DBD) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Diebold Nixdorf, Inc

CIK: 28823 Ticker: DBD


Exhibit 99.1
 
 
 
Media contact:    
 
Investor contact:
Mike Jacobsen, APR
 
Nick Codispoti
+1 330 490 3796
 
+1 330 490 3513
michael.jacobsen@diebold.com    
 
nick.codispoti@diebold.com

FOR IMMEDIATE RELEASE:    
February 12, 2013         

DIEBOLD REPORTS 2012 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS
Earnings overview presentation available at http://www.diebold.com/earnings/DBD4Q12.pdf
4Q EPS from cont. ops. of $(0.12), or $0.45 non-GAAP*; FY EPS of $1.28, or $2.07 non-GAAP*
Total revenue for 4Q 2012 decreased 1.2%; FY revenue increased 5.5% versus prior-year period
Free cash flow* for 2012 was $85.8 million, a decrease of $74.9 million from YE 2011; net debt* at 12/31/12 was $21.5 million, a slight increase from the prior year
Security revenue grew 11.4% during the quarter
Company reaffirms prior 2013 guidance of full-year non-GAAP* EPS to be flat to down moderately on relatively flat revenue

NORTH CANTON, Ohio - Diebold, Incorporated (NYSE: DBD) today reported fourth quarter 2012 net loss from continuing operations attributable to Diebold, net of tax, of $(7.5) million, or $(0.12) per basic share. This compares with fourth quarter 2011 net income of $79.8 million, or $1.26 per diluted share. Fourth quarter 2012 included $21.9 million of pre-tax, non-routine expenses related to early buyout payments made to certain eligible pension participants. Also during the quarter, the company recorded $18.0 million of pre-tax, non-routine expense primarily related to increasing its accrual for the eventual resolution of the previously disclosed Foreign Corrupt Practices Act (FCPA) investigation. Fourth quarter 2012 revenue was $840.1 million, down 1.2% from the fourth quarter 2011.

Non-GAAP* income from continuing operations attributable to Diebold, net of tax, in the fourth quarter 2012 was $0.45 per diluted share, compared with $1.40 per diluted share from the fourth quarter 2011.

Management Commentary
"The 2012 results and the present outlook for 2013 are disappointing, and we need to improve," said Henry D.G. Wallace, Diebold executive chairman. "Recently, we named George S. Mayes, Jr. to the newly created position of chief operating officer. George has a strong track record of operational excellence, and together we are committed to improving our financial position in the short term, as well as initiating longer-term structural improvements throughout our global operations. This will be undertaken with a sense of urgency without jeopardizing our ability to provide outstanding products and services.
Mayes said, “I am excited to take on the COO role and confident in our ability to achieve further, meaningful operational improvements across our global operations. We are passionately committed to our customers, and remain dedicated to delivering innovative solutions and services that add value to their businesses.”
Wallace concluded, "As previously communicated, we expect 2013 non-GAAP earnings to be flat to down modestly from 2012, and revenue to be relatively flat. I am also expecting the first quarter to be weak and well below the first quarter of last year, which benefited from strong regional bank demand. Looking forward, there are some bright spots in Asia Pacific, Latin America and U.S. national accounts. However, the uncertainty surrounding U.S. regional bank activity and the outcome of some major business awards in Brazil could significantly affect the range of outcomes this year. Therefore, the company is not including a specific EPS range in its guidance for 2013 at this time. However, I want to assure you that we have a strong team, we are focused on the tasks ahead, and I am confident in our ability to return Diebold to a long-term sustainable growth plan."

-more-
*See accompanying notes for non-GAAP measures.



The following information was filed by Diebold Nixdorf, Inc (DBD) on Tuesday, February 12, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parentheticals)
Consolidated Statements Of Equity
Consolidated Statements Of Operations
Acquisition
Acquisition (details)
Allowance For Credit Losses
Allowance For Credit Losses (tables)
Allowance For Credit Losses (textuals) (details)
Allowance For Credit Losses - Aging Of Past-due Receivables (details)
Allowance For Credit Losses - Summary Of Allowance For Credit Losses (details)
Benefit Plans
Benefit Plans (tables)
Benefit Plans - Components Of Net Periodic Benefit Cost (details)
Benefit Plans Benefit Plans - Accumulated Benefit Obligation In Excess Of Plan Assets (details)
Benefit Plans Benefit Plans - Allocation Of Plan Assets (additional Information) (details)
Benefit Plans Benefit Plans - Allocation Of Plan Assets (details)
Benefit Plans Benefit Plans - Assumptions Used (details)
Benefit Plans Benefit Plans - Change In Plan Assets Unobservable Inputs (details)
Benefit Plans Benefit Plans - Defined Contribution Plans (details)
Benefit Plans Benefit Plans - Future Benefit Payments (details)
Benefit Plans Benefit Plans - Health Care Cost Trends (details)
Benefit Plans Benefit Plans - Summary Of Benefit Plan (details)
Benefit Plans Benefit Plans - Textuals (details)
Commitments And Contingencies
Commitments And Contingencies Commitments And Contingencies (details)
Debt
Debt (tables)
Debt (textuals) (details)
Debt - Schedule Of Debt (details)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (details)
Derivative Instruments And Hedging Activities (tables)
Derivative Instruments And Hedging Activities (textuals) (details)
Discontinued Operations
Discontinued Operations (details)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Of Assets And Liabilities
Fair Value Of Assets And Liabilities (tables)
Fair Value Of Assets And Liabilities (textuals) (details)
Fair Value Of Assets And Liabilities - Fair Value Measurements (details)
Fair Value Of Assets And Liabilities - Summary Of Liabilities Recorded At Carrying Value (details)
Finance Lease Receivables
Finance Lease Receivables (details)
Finance Lease Receivables (tables)
Finance Lease Receivables - Components Of Finance Lease Receivables (details)
Finance Lease Receivables - Minimum Lease Receivbales Schedule (details)
Goodwill And Other Assets
Goodwill And Other Assets (tables)
Goodwill And Other Assets (textuals) (details)
Goodwill And Other Assets - Schedule Of Goodwill (details)
Guarantees And Product Warranties
Guarantees And Product Warranties (details)
Guarantees And Product Warranties (tables)
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Income Taxes - Deferred Tax Assets And Liabilities (details)
Income Taxes - Income (loss) From Continuing Operatings (details)
Income Taxes - Income Tax Reconciliation (details)
Income Taxes - Provision/(benefit) For Income Taxes (details)
Income Taxes - Unrecognized Tax Benefits (details)
Income Taxes Income Taxes - Deferred Taxes By Balance Sheet Account (details)
Inventories
Inventories (details)
Inventories (tables)
Investments
Investments (details)
Investments (tables)
Investments (textuals) (details)
Leases
Leases (details)
Leases (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (details)
Quarterly Financial Information (unaudited) (tables)
Restructuring And Other Charges
Restructuring And Other Charges (tables)
Restructuring And Other Charges (textuals) (details)
Restructuring And Other Charges - Restructuring Charges By Plan (details)
Restructuring And Other Charges - Restructuring Charges By Segment (details)
Restructuring And Other Charges - Restructuring Charges By Statement Of Operations Account (details)
Restructuring And Other Charges - Restructuring Reserve Activity (details)
Segment Information
Segment Information (tables)
Segment Information (textuals) (details)
Segment Information - Revenue By Geographic Region And Service/product Solution (details)
Segment Information - Revenue By Segment (details)
Share-based Compensation And Equity
Share-based Compensation And Equity (tables)
Share-based Compensation And Equity (textuals) (details)
Share-based Compensation And Equity - Director Deferred Shares Activity (details)
Share-based Compensation And Equity - Fair Value Assumptions (details)
Share-based Compensation And Equity - Performance Shares Activity (details)
Share-based Compensation And Equity - Restricted Stock Unit Activity (details)
Share-based Compensation And Equity - Share-based Compensation Expense (details)
Share-based Compensation And Equity - Stock Option Activity (details)
Share-based Compensation And Equity - Unrecognized Compensation Costs (details)
Share-based Compensation And Equity Share-based Compensation And Equity - Non-employee Share-based Compensation (details)
Subsequent Events
Subsequent Events Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Schedule Of Accumulated Other Comprehensive (loss) Income (details)
Ticker: DBD
CIK: 28823
Form Type: 10-K Annual Report
Accession Number: 0000028823-13-000010
Submitted to the SEC: Fri Feb 15 2013 10:28:55 AM EST
Accepted by the SEC: Fri Feb 15 2013
Period: Monday, December 31, 2012
Industry: Calculating And Accounting Machines No Electronic Computers

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