Diebold Nixdorf reports first quarter loss, revises outlook downward

Cindy F. Cape

Continuing supply chain issues led to a 12.1% drop in revenue and a first quarter loss for Diebold Nixdorf, prompting the company to lower 2022 projections.

The company, which relocated its headquarters to Hudson from Green earlier this year, also announced plans to streamline operations and “focus on key value drivers for customers and shareholder.” It hopes the moves will lead to savings of more that $150 million over the next 12 to 18 months.

More:New ATM line now shipping from Diebold Nixdorf factory in Hoover District

Diebold Nixdorf review:First quarter results are covered in a letter on the Diebold Nixdorf website.

Work to expand production at a facility in North Canton will be finished this year and help Diebold Nixdorf address some of its supply chain problems, Octavio Marquez, president and chief executive officer, told stock analysts during a conference call Tuesday morning.

For the quarter ended March 31, Diebold Nixdorf reported a $183.1 million loss, or $2.33 per share, compared with a loss of $8.1 million, or 10 cents per share, during the 2021 first quarter. Revenue fell to $829.8 million compared with $943.9 million last year.

The company reported declines in the services, products and software divisions in all three of its business segments — Eurasia banking, North American banking and retail equipment.


Next Post

Monitoring and Evaluation Program Manager

Planned Parenthood Federation of America (PPFA) is the national umbrella organization for the nation’s leading network of women’s health care providers, educators, and advocates, serving women, men, teens and families. Planned Parenthood Action Fund is the advocacy and political arm of PPFA. For over 100 years, Planned Parenthood has done […]