$DBD

DIEBOLD INC

CIK:0000028823|SEC Filings

STATEMENT OF EARNINGS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Net sales
Total revenues (Note 5)	$ 930.8	$ 915.2	$ 1,822.5	$ 1,756.3
Cost of sales
Total cost of sales	691.2	681.2	1,369.9	1,319.9
Gross profit	239.6	234.0	452.6	436.4
Selling and administrative expense	162.3	154.2	319.5	306.0
Research, development and engineering expense	20.5	22.4	42.6	45.1
Other operating expense (income)	(0.6)	1.2	0.5	(0.5)
Total costs and expenses	182.2	177.8	362.6	350.6
Operating profit	57.4	56.2	90.0	85.8
Other income (expense)
Interest income	2.1	2.5	5.0	4.0
Interest expense	(24.1)	(21.8)	(47.4)	(43.3)
Foreign exchange, net	(2.4)	(22.2)	(4.8)	(40.7)
Miscellaneous, net	3.3	2.5	5.9	4.0
Income before taxes	36.3	17.2	48.7	9.8
Income tax expense (Note 8)	19.2	4.8	25.0	2.6
Equity in earnings (loss) of unconsolidated subsidiaries, net	(0.9)	0.3	(2.0)	(1.9)
Net income	16.2	12.7	21.7	5.3
Net income attributable to noncontrolling interests	0.7	0.5	1.2	1.4
Net income attributable to Diebold Nixdorf	$ 15.5	$ 12.2	$ 20.5	$ 3.9
Basic weighted-average shares outstanding (in shares)	34.4	37.2	34.7	37.4
Diluted weighted-average shares outstanding (in shares)	35.3	37.5	35.6	37.7
Net income attributable to Diebold Nixdorf
Basic earnings per share (in dollars per share)	$ 0.45	$ 0.33	$ 0.59	$ 0.10
Diluted earnings per share (in dollars per share)	$ 0.44	$ 0.33	$ 0.58	$ 0.10
Services
Net sales
Total revenues (Note 5)	$ 552.4	$ 542.6	$ 1,089.2	$ 1,051.1
Cost of sales
Total cost of sales	422.2	412.0	838.3	803.3
Products
Net sales
Total revenues (Note 5)	378.4	372.6	733.3	705.2
Cost of sales
Total cost of sales	$ 269.0	$ 269.2	$ 531.6	$ 516.6

STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	6 Months Ended
STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]
Net income	$ 21.7	$ 5.3
Adjustments to reconcile net income to cash flow provided (used) by operating activities:
Depreciation and amortization	62.2	65.1
Amortization of deferred financing costs into interest expense	3.3	3.1
Share-based compensation	7.4	6.3
Deferred income taxes	2.2	(8.8)
(Gain) loss on foreign currency translation	(1.7)	41.3
Other	1.5	0.1
Changes in certain assets and liabilities:
Trade receivables	26.8	33.4
Inventories	(82.8)	5.0
Accounts payable	85.0	(66.7)
Deferred revenue	(2.7)	1.6
Sales tax and net value added tax	(30.1)	(3.3)
Accrued salaries, wages and commissions	(32.0)	(20.5)
Income taxes	(30.6)	(17.1)
Certain other assets and liabilities	(12.1)	1.0
Net cash provided by operating activities	18.1	45.8
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]
Capital expenditures	(13.4)	(15.9)
Capitalized software development	(12.9)	(11.1)
Proceeds from maturities of investments	29.6	144.5
Payments for purchases of investments	(0.8)	(152.1)
Other investments	2.2	1.8
Net cash provided (used) by investing activities	4.7	(32.8)
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]
Dividends paid to noncontrolling interest shareholder	0.0	(2.0)
Treasury share activity	(121.0)	(39.7)
Other	(3.7)	(2.4)
Net cash used by financing activities	(124.7)	(44.1)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(3.0)	15.0
Change in cash, cash equivalents and restricted cash	(104.9)	(16.1)
Cash, cash equivalents and restricted cash at the beginning of the period	387.3	311.3
Cash, cash equivalents and restricted cash at the end of the period	282.4	295.2
Supplemental Cash Flow Information [Abstract]
Cash paid for: Income taxes	36.6	27.4
Cash paid for: Interest	$ 37.4	$ 21.7

STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash, cash equivalents and restricted cash	$ 282.4	$ 387.3
Short-term investments	0.0	29.1
Trade receivables, net of allowances of $5.0 and $6.0, respectively	573.4	609.4
Inventories (Note 2)	595.9	521.0
Prepaid expenses	33.5	50.9
Income tax receivables	78.8	59.4
Other current assets	147.8	129.7
Total current assets	1,711.8	1,786.8
Property, plant and equipment, net (Note 3)	306.4	286.0
Deferred income taxes	102.9	105.0
Goodwill (Note 4)	627.8	642.4
Customer relationships and other intangible assets, net (Note 4)	743.2	792.4
Other assets	244.5	241.8
Total assets	3,736.6	3,854.4
LIABILITIES
Accounts payable	506.2	431.1
Deferred revenue	300.3	325.8
Payroll and other benefits liabilities	162.7	201.6
Accrued taxes	83.9	130.0
Other current liabilities	297.7	283.0
Total current liabilities	1,350.8	1,371.5
Long-term debt (Note 7)	942.9	938.5
Pensions, post-retirement and other benefits	113.7	120.4
Deferred income taxes	195.7	200.7
Other liabilities	157.0	118.5
Total liabilities	2,760.1	2,749.6
EQUITY
Common stock (Note 9)	0.4	0.4
Paid-in-capital	1,068.3	1,060.5
Retained earnings	112.4	91.9
Treasury shares, at cost (Note 9)	(251.7)	(130.7)
Accumulated other comprehensive income (Note 9)	39.8	77.8
Total Diebold Nixdorf shareholders' equity	969.2	1,099.9
Noncontrolling interests	7.3	4.9
Total equity	976.5	1,104.8
Total liabilities and equity	$ 3,736.6	$ 3,854.4