October 22, 2003

Diebold Reports Results

Diebold, Incorporated today reported record third quarter 2003 net income of $48,289,000, an increase of 9.5 percent over third quarter 2002 net income of $44,080,000.

Excerpt...

Despite a challenging global economic environment, total orders for product and service increased in the double-digit range. Financial self- service orders in the Americas, Asia-Pacific, and EMEA all increased in the double-digit range. Security orders remain strong, increasing in the high single-digit range. Total orders in North America grew in the double-digit range, excluding election systems.

Orders in election systems grew substantially from the third quarter 2002. The election systems business is driven by a small number of large orders in any given quarter, making quarter to quarter comparisons difficult. For example, election systems orders for the third quarter 2003 include a very large order from the state of Maryland.

Significant orders for the quarter included:
-- An election systems order from the State of Maryland for $55.6 million
-- Total Opteva orders in excess of $40 million
-- Opteva orders from four major financial institutions in North America
totaling $23 million
-- Two financial self-service orders from banks in China totaling $17.6
million
-- An order for financial self-service equipment from a bank in Brazil
totaling $6.9 million
-- A financial self-service order from a customer in Belgium for $1.7
million
-- An order for financial self-service equipment totaling $1.5 million in
Portugal
-- Upgrade orders for a customer in Colombia for $1.2 million
-- A financial self-service order for $1.1 million from a bank in Russia

Posted by Craig at October 22, 2003 02:54 PM