Diebold (DBD) Beats Q4 Views on Strong Orders; Guides FY12 Above Expectations
DBD Hot Sheet
EPS Growth %: +221.7%Financial Fact:
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Diebold, Inc. (NYSE: DBD) shares are trading comfortably higher Monday following strong quarterly results.
The ATM security and service company reported fourth-quarter earnings of $1.40 per share on revenue of $850 million, beating Wall Street expectations calling for EPS of 84 cents and revs of about $840 million.
Global orders increased 6 percent, or 13 percent excluding certain Brazil orders.
Looking ahead, Diebold sees fiscal 2012 earnings of $2.30 to $2.50 per share, the range coming in above consensus views of $2.26 per share. Total revs should improve 3 percent to 6 percent, leading to a range of $2.92 billion to $3.01 billion, better than Street expectations of $2.89 billion.
"As we look to 2012, I am encouraged by how our financial self-service business is growing, and we are developing new innovations to help drive further growth," commented CEO Thomas Swidarski on the outlook. "In addition, we continue to invest in repositioning our security business to return to growth in the second half of the year. We will once again step up our R&D investments in new solutions in 2012 that will help financial institutions reduce their operating expenses while attracting new customers."
In addition, Diebold's Board authorized an additional 2 million common stock buyback plan.
Shares of Diebold are 8.9 percent higher on the session.
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The ATM security and service company reported fourth-quarter earnings of $1.40 per share on revenue of $850 million, beating Wall Street expectations calling for EPS of 84 cents and revs of about $840 million.
Global orders increased 6 percent, or 13 percent excluding certain Brazil orders.
Looking ahead, Diebold sees fiscal 2012 earnings of $2.30 to $2.50 per share, the range coming in above consensus views of $2.26 per share. Total revs should improve 3 percent to 6 percent, leading to a range of $2.92 billion to $3.01 billion, better than Street expectations of $2.89 billion.
"As we look to 2012, I am encouraged by how our financial self-service business is growing, and we are developing new innovations to help drive further growth," commented CEO Thomas Swidarski on the outlook. "In addition, we continue to invest in repositioning our security business to return to growth in the second half of the year. We will once again step up our R&D investments in new solutions in 2012 that will help financial institutions reduce their operating expenses while attracting new customers."
In addition, Diebold's Board authorized an additional 2 million common stock buyback plan.
Shares of Diebold are 8.9 percent higher on the session.
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