Diebold Nixdorf, Inc (DBD) 10-K Annual Report March 2014



		pressrelease

Media contact:		Investor contact:
Mike Jacobsen, APR		Jamie Finefrock
+1 330 490 3796		+1 330 490 6319
michael.jacobsen@diebold.com		jamie.finefrock@diebold.com

FOR IMMEDIATE RELEASE:

February 13, 2014

DIEBOLD REPORTS 2013 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS

Diebold board of directors elects to maintain company's dividend at current level


•	Q4 EPS from continuing operations of $(0.65), including a non-routine $67.6 million pre-tax, non-cash pension charge related to the voluntary early retirement program, or $(0.67) per share; non-GAAP* EPS grew to $0.57 per share


•	Total revenue for Q4 2013 decreased 3.4% compared with prior-year period


•	Free cash flow* for Q4 2013 improved by $23.1 million to $173.5 million from Q4 2012; full-year free cash flow* increased $3.0 million to $88.8 million


•	Net debt* at December 31, 2013 was $50.8 million, a $29.2 million increase from December 31, 2012.


•	Earnings overview presentation available at http://www.diebold.com/earnings

NORTH CANTON, Ohio - Diebold, Incorporated (NYSE: DBD) today reported fourth quarter 2013 net loss attributable to Diebold of $(41.4) million, or $(0.65) per share, including a non-routine $67.6 million pre-tax, non-cash pension charge related to the voluntary early retirement program, or $(0.67) per share. This compares with fourth quarter 2012 net loss of $(11.9) million, or $(0.19) per share. Fourth quarter 2013 revenue was $811.4 million, down 3.4% from the fourth quarter 2012. Approximately half of the revenue decline is attributable to currency exchange rates.

Non-GAAP* income attributable to Diebold in the fourth quarter 2013 grew to $0.57 per share compared with $0.43 per share in the fourth quarter 2012.

Dividend

The board of directors of Diebold, Incorporated declared a first-quarter cash dividend of $0.2875 per share on all common shares, which would maintain an annualized dividend of $1.15 per share. The dividend is payable on Friday, March 7, to shareholders of record at the close of business on Monday, Feb. 24.

Management Commentary

"During the second half of 2013, we stabilized our business and began to execute on our turnaround strategy," said Andy W. Mattes, president and chief executive officer. "We delivered operating profit near the higher end of our expectations and finished the year well within the revenue and earnings guidance we provided in early August, despite a higher-than-expected non-GAAP* effective tax rate. I'm also very pleased that we were able to deliver solid free cash flow in the second half of the year. This not only enables us to invest in our turnaround efforts, but also supports our strong dividend.

"The results we’ve delivered to date are consistent with the early phase of our multi-year turnaround," Mattes concluded. "However, we still have a lot of work in front of us as we continue to execute on our cost-saving initiatives and reinvest in future growth."

-more-

*See accompanying notes for non-GAAP measures.

The following information was filed by Diebold Nixdorf, Inc (DBD) on Thursday, February 13, 2014 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

Material Contracts, Statements, Certifications & more

Diebold Nixdorf, Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.1(II): Material Contract

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 24.1: Power Of Attorney

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: DBD
CIK: 28823
Form Type: 10-K Annual Report
Accession Number: 0000028823-14-000032
Submitted to the SEC: Mon Mar 03 2014 4:23:47 PM EST
Accepted by the SEC: Mon Mar 03 2014
Period: Tuesday, December 31, 2013
Industry: Calculating And Accounting Machines No Electronic Computers

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