Diebold Inc. reports first quarter net income of $26.5 million, or diluted earnings per share of 37 cents, on revenue of $401 million. This compares to first quarter 2001 net income of $7.6 million, or diluted earnings per share of 11 cents per share, on revenue of $383.9 million.
Diebold ceased amortization of goodwill in accordance of Financial Accounting Standards No. 142 on Jan. 1, 2002. Previously, the company had reported earnings of $29.4 million, or 41 cents per diluted share.
“We are particularly pleased with our performance in the financial self-service maintenance business as we continued to focus on our strategy to grow this business as a percentage of our overall revenue,” says Walden W. O’Dell, Diebold chairman, president and CEO. “We delivered solid revenue growth in the Asia-Pacific region and the Americas. Our strong performance in the security business again reflected the increased penetration we are achieving since the Mosler bankruptcy. We are also pleased with the first quarter results of our new acquisition, Global Election Systems, now known as Diebold Election Systems.”
