DIEBOLD REPORTS INCREASES IN REVENUE, NET INCOME
NORTH CANTON, Ohio
Diebold Inc. announces its second-quarter results, showing strong improvement in revenue and earnings per share. In the quarter ended June 30, Diebold reported net income of $35.8 million, or 50 cents per diluted share, on revenue of $442.1 million. Excluding the effect of the acquisitions in Europe (April 2000) and Brazil (November 1999), earnings per share were 51 cents. This compares to second-quarter 1999 net income of $31.6 million, or 46 cents per diluted share on revenue of $297 million. For the six months ended June 30, Diebold reported net income of $67.1 million on revenue of $786.7 million. For the same period in 1999, the company reported net income of $60.7 million on revenue of $580.5 million.
“We are very pleased with the progress made during the quarter, particularly in our custom maintenance and professional service businesses,” says Walden W. O’Dell, chairman, president and CEO. “As we continue to establish the company globally by integrating key acquisitions, our expertise in delivering solutions that meet our customers’ needs places us in a strong position heading into the future.” Diebold is a global provider of integrated delivery systems and services, including the sales, service, installation, project management and monitoring of original equipment manufacturer (OEM) electronic security products to financial, retail and commercial customers.
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