Diebold Nixdorf, Incorporated (DBD) Bundle
A Brief History of Diebold Nixdorf
Company Overview
Diebold Nixdorf, Incorporated is a global leader in providing technology solutions for the financial and retail sectors. The company specializes in ATMs, point-of-sale systems, and software solutions, serving customers in over 130 countries.
Historical Milestones
Founded in 1859, Diebold has undergone several transformations, including a significant merger with Wincor Nixdorf in 2016, which expanded its footprint in the global market. In 2023, the company faced restructuring to adapt to changing market conditions and operational challenges.
Recent Financial Performance
As of September 30, 2024, Diebold Nixdorf reported the following financial results:
| Metric | Successor Period (3 months ended Sept 30, 2024) | Predecessor Period (3 months ended Sept 30, 2023) | Predecessor Period (3 months ended Aug 11, 2023) |
|---|---|---|---|
| Net Sales | $927.1 million | $591.8 million | $351.6 million |
| Gross Profit | $236.6 million | $129.6 million | $85.5 million |
| Operating Profit | $46.4 million | $36.9 million | $0.5 million |
| Net Income (Loss) | $(21.7) million | $(8.2) million | $2,150.7 million |
| Basic Earnings (Loss) per Share | $(0.60) | $(0.24) | $26.89 |
Market Trends and Challenges
Diebold Nixdorf has faced challenges due to market headwinds impacting retailer spending. However, the company continues to focus on innovation and expanding its service offerings to enhance customer engagement.
Future Outlook
Looking ahead, Diebold Nixdorf aims to leverage its technology and service capabilities to drive growth. The company is focusing on enhancing its product lines and improving operational efficiencies to meet evolving customer demands.
Recent Developments
In the third quarter of 2024, Diebold Nixdorf's banking segment reported net sales of $690.6 million, while the retail segment generated $236.5 million, reflecting the company's strategic focus on both sectors.
Financial Position
As of September 30, 2024, Diebold Nixdorf's total liabilities and equity stood at $3,901.3 million, with a total equity of $1,075.9 million, illustrating the company's solid capital structure despite recent operational challenges.
Key Ratios
The following key financial ratios provide insight into Diebold Nixdorf's performance:
| Ratio | Value |
|---|---|
| Operating Margin | 5.0% |
| Gross Margin | 25.5% |
| Effective Tax Rate (9 months ended Sept 30, 2024) | 44.1% |
These metrics reflect the company’s ongoing efforts to streamline operations and improve profitability in a competitive landscape.
A Who Owns Diebold Nixdorf, Incorporated (DBD)
Shareholder Structure
As of 2024, Diebold Nixdorf, Incorporated (DBD) has a diverse ownership structure. The company has undergone significant changes following its restructuring process, impacting its shareholder distribution.
| Shareholder Type | Percentage Ownership | Number of Shares (millions) |
|---|---|---|
| Institutional Investors | 75.2% | 28.3 |
| Retail Investors | 15.5% | 5.9 |
| Insider Ownership | 9.3% | 3.5 |
Key Institutional Shareholders
Several institutional investors hold significant stakes in Diebold Nixdorf. As of early 2024, the following institutions are among the largest shareholders:
| Institution | Ownership Percentage | Shares Held (millions) |
|---|---|---|
| The Vanguard Group, Inc. | 12.3% | 4.7 |
| BlackRock, Inc. | 10.9% | 4.1 |
| State Street Corporation | 8.2% | 3.1 |
| Dimensional Fund Advisors LP | 5.6% | 2.1 |
| Invesco Ltd. | 4.5% | 1.7 |
Insider Ownership
Insider ownership remains a critical aspect of Diebold Nixdorf's equity structure. Key executives and board members collectively own approximately 9.3% of the company's shares.
| Insider | Position | Ownership Percentage |
|---|---|---|
| Gerrard Schmid | CEO | 2.1% |
| Jürgen Wunram | CFO | 1.5% |
| Board Members | Various | 5.7% |
Recent Financial Performance
Diebold Nixdorf reported a net loss of $20.9 million for the nine months ending September 30, 2024. The following financial metrics highlight the company's recent performance:
| Metric | Value (in millions) |
|---|---|
| Net Sales | $2,762.2 |
| Cost of Sales | $2,073.8 |
| Gross Profit | $688.4 |
| Operating Profit (Loss) | $140.9 |
| Net Income (Loss) | $(20.9) |
Market Capitalization and Stock Performance
As of the latest trading session, Diebold Nixdorf's market capitalization is approximately $1.07 billion, with shares trading at an average price of $28.53.
| Date | Stock Price | Market Capitalization (in billions) |
|---|---|---|
| January 1, 2024 | $32.00 | $1.20 |
| September 30, 2024 | $28.53 | $1.07 |
Conclusion on Ownership Structure
Diebold Nixdorf's ownership structure is characterized by significant institutional investment, a modest proportion of retail investors, and a notable insider ownership stake. The company's financial performance and stock market presence reflect ongoing challenges and opportunities in the evolving technology landscape.
Diebold Nixdorf, Incorporated (DBD) Mission Statement
Mission Statement Overview
The mission of Diebold Nixdorf is to empower financial institutions and retailers to optimize their customer interactions through technology-driven solutions. The company focuses on delivering seamless, integrated services and solutions to enhance the customer experience and operational efficiency.
Core Values
- Innovation: Commitment to continuous improvement and cutting-edge technology.
- Integrity: Upholding ethical standards in all business practices.
- Customer Focus: Prioritizing customer needs and satisfaction in every solution offered.
- Collaboration: Fostering teamwork within the organization and with partners.
Financial Performance (2024)
As of September 30, 2024, Diebold Nixdorf reported the following financial metrics:
| Metric | Value (in millions) |
|---|---|
| Total Revenue | $2,762.2 |
| Net Income (Loss) | $(21.7) |
| Basic Earnings (Loss) per Share | $(0.60) |
| Diluted Earnings (Loss) per Share | $(0.60) |
| Total Assets | $3,901.3 |
| Total Liabilities | $2,825.4 |
| Total Equity | $1,075.9 |
Segment Performance
Diebold Nixdorf operates primarily in two segments: Banking and Retail. For the nine months ended September 30, 2024, the segment performance was as follows:
| Segment | Revenue (in millions) | Operating Profit (in millions) |
|---|---|---|
| Banking | $2,046.8 | $387.8 |
| Retail | $715.4 | $103.8 |
Market Position and Strategy
Diebold Nixdorf aims to maintain its leadership position in the global market for ATM and self-service solutions. The company’s strategy focuses on:
- Enhancing digital banking solutions to meet evolving customer demands.
- Expanding global reach through strategic partnerships and acquisitions.
- Investing in research and development to drive innovation in product offerings.
- Leveraging data analytics to improve operational efficiencies for clients.
Recent Developments
In 2024, Diebold Nixdorf has prioritized the following initiatives:
- Improving customer service through enhanced support systems.
- Expanding product lines to include more integrated technology solutions.
- Implementing sustainability practices within operations.
Financial Outlook
Looking ahead, Diebold Nixdorf anticipates continued growth driven by the increasing demand for advanced digital banking solutions and retail technology. The company is focused on:
- Achieving revenue growth targets in both core segments.
- Maintaining a strong balance sheet while managing debt effectively.
- Investing in technology to enhance customer engagement and operational efficiency.
How Diebold Nixdorf, Incorporated (DBD) Works
Company Overview
Diebold Nixdorf, Incorporated operates primarily in the banking and retail sectors, providing technology solutions and services that enhance customer experience and operational efficiency. The company focuses on providing integrated solutions that encompass hardware, software, and services.
Financial Performance
As of September 30, 2024, Diebold Nixdorf reported the following financial metrics:
| Metric | Value (in millions) |
|---|---|
| Total Revenue | $2,762.2 |
| Net Income (Loss) | $(20.9) |
| Basic Earnings (Loss) per Share | $(0.59) |
| Diluted Earnings (Loss) per Share | $(0.59) |
| Gross Profit | $688.4 |
| Operating Profit (Loss) | $140.9 |
| Total Assets | $3,901.3 |
| Total Liabilities | $2,833.6 |
| Shareholders' Equity | $1,067.7 |
Revenue Breakdown
The revenue for Diebold Nixdorf is segmented into Banking and Retail. The financial results for the nine months ended September 30, 2024, are as follows:
| Segment | Revenue (in millions) | Operating Profit (in millions) |
|---|---|---|
| Banking | $2,046.8 | $387.8 |
| Retail | $715.4 | $103.8 |
| Total Revenue | $2,762.2 | $491.6 |
Operating Expenses
Operating expenses for Diebold Nixdorf for the nine months ended September 30, 2024, are detailed below:
| Expense Type | Amount (in millions) |
|---|---|
| Selling and Administrative Expenses | $478.4 |
| Research, Development, and Engineering Expenses | $69.7 |
| Cost of Sales | $2,073.8 |
Cash Flow Analysis
The cash flow from operating activities for the nine months ended September 30, 2024, is summarized below:
| Cash Flow Item | Amount (in millions) |
|---|---|
| Net Income (Loss) | $(20.9) |
| Depreciation and Amortization | $25.8 |
| Trade Receivables Change | $55.5 |
| Inventories Change | $(56.7) |
| Net Cash Used by Operating Activities | $(47.0) |
Debt and Financing
As of September 30, 2024, Diebold Nixdorf had the following debt and financing details:
| Debt Type | Amount (in millions) |
|---|---|
| Long-term Debt | $1,099.6 |
| Notes Payable | $0.8 |
| Accounts Payable | $479.0 |
Market Position and Strategy
Diebold Nixdorf continues to focus on enhancing its offerings in the banking and retail sectors through innovation and strategic partnerships. The company's emphasis on integrated technology solutions positions it to capitalize on the growing demand for digital transformation in these industries.
How Diebold Nixdorf, Incorporated (DBD) Makes Money
Revenue Streams
Diebold Nixdorf generates revenue primarily through two segments: Banking and Retail.
| Segment | Net Sales (Nine Months Ended September 30, 2024) | Net Sales (Nine Months Ended September 30, 2023) | Segment Operating Profit (Nine Months Ended September 30, 2024) | Segment Operating Profit (Nine Months Ended September 30, 2023) |
|---|---|---|---|---|
| Banking | $2,046.8 million | $1,511.0 million | $387.8 million | $211.6 million |
| Retail | $715.4 million | $610.0 million | $103.8 million | $86.2 million |
| Total Revenue | $2,762.2 million | $2,131.9 million | $491.6 million | $297.8 million |
Service and Product Sales
The company offers a range of services and products, contributing significantly to its total revenue. For the nine months ended September 30, 2024, the breakdown of net sales was as follows:
| Type | Net Sales |
|---|---|
| Services | $1,607.2 million |
| Products | $1,155.0 million |
| Total Net Sales | $2,762.2 million |
Gross Profit Analysis
For the nine months ended September 30, 2024, Diebold Nixdorf reported a gross profit of $688.4 million, with a gross margin of approximately 24.9%.
| Type | Gross Profit | Gross Margin |
|---|---|---|
| Services | $397.0 million | 24.7% |
| Products | $291.4 million | 25.2% |
| Total Gross Profit | $688.4 million | 24.9% |
Operating Expenses
Operating expenses for the nine months ended September 30, 2024, were as follows:
| Expense Type | Amount |
|---|---|
| Selling and Administrative Expense | $478.4 million |
| Research, Development, and Engineering Expense | $69.7 million |
| Total Operating Expenses | $547.5 million |
Net Income (Loss)
For the nine months ended September 30, 2024, Diebold Nixdorf reported a net loss of $20.9 million, compared to a net income of $1,361.9 million in the same period of the previous year.
| Period | Net Income (Loss) |
|---|---|
| 2024 (Nine Months Ended September 30) | $(20.9) million |
| 2023 (Nine Months Ended September 30) | $1,361.9 million |
Debt and Interest Expense
As of September 30, 2024, Diebold Nixdorf's outstanding debt totaled $1,099.6 million, with interest expenses for the nine months amounting to $120.6 million.
| Debt Type | Amount |
|---|---|
| Long-term Debt | $1,099.6 million |
| Interest Expense | $(120.6) million |
Market Trends and Challenges
Diebold Nixdorf faces challenges in the retail segment due to market headwinds affecting retailer spending. However, it continues to see growth in its banking segment, primarily through increased ATM sales.
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Resources:
- Diebold Nixdorf, Incorporated (DBD) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Diebold Nixdorf, Incorporated (DBD)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Diebold Nixdorf, Incorporated (DBD)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.