Self-Service

Diebold Nixdorf completes restructuring, releases earnings

August 9, 2023

Diebold Nixdorf completed its financial restructuring and plans to emerge from its Chapter 11 and 15 proceedings on Aug. 11. In addition, the New York Stock Exchange has approved a relist of new shares, according to a press release.

In addition, the company released its earnings report today. Key data points include:

• Total revenue of $922.2 million, up by 8.3% on year-over-year basis.
• Gross profit of $225.2 million, a 40% improvement.
• Non-GAAP gross profit of $227.9 million, up 8.6%.
• Gross margin of 24.4% improved 550 bps from prior year.
• Non-GAAP gross margin of 24.8%.
• Shipped 14,700 units this quarter.

"Today marks a pivotal moment for Diebold Nixdorf as our plan of reorganization has been confirmed by the relevant courts in the U.S. and the Netherlands and we anticipate emergence as a financially stronger company — with a recapitalized balance sheet, enhanced liquidity and the foundation needed for long-term success," Octavio Marquez, chairman, president and CEO, Diebold Nixdorf, said in the release. "From a business perspective, we performed well in the second quarter with results reflecting continued demand for our self-service and automation solutions in Banking and Retail, as well as the operational improvements we have implemented over the past year. We are very grateful to our customers for continuing to trust and support our company as we worked through our debt restructuring."