Diebold (DBD) Hunt for New Leadership May Create Opportunity
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Diebold (DBD) CEO Steps Down
January 24, 2013 9:12 AM ESTDiebold, Incorporated (NYSE: DBD) today announced Thomas W. Swidarski, president and chief executive officer (CEO), is stepping down from the company and its board of directors, effective immediately. In addition, George S. Mayes, Jr., executive vice president, global operations, has been promoted by the board to the newly created position of chief operating officer, reporting directly to Henry D.G. Wallace, Diebold executive chairman of the board. Wallace will assume regular oversight of the company until a new CEO is hired; Mayes will be responsible for daily operations. The search process for a new chief... More
Diebold (DBD) Cuts Q4, FY12 Outlook
January 24, 2013 9:04 AM ESTDiebold, Incorporated (NYSE: DBD) today announced preliminary 2012 fourth quarter revenue of approximately $840 million and a loss from continuing operations of $(.12) per share, or income from continuing operations of $.45 per share on a non-GAAP* basis. For the full-year 2012, Diebold now expects EPS from continuing operations of approximately $1.28, or $2.07 on a non-GAAP* basis, on revenue growth of approximately 6 percent. Diebold also announced preliminary full-year free cash flow* of approximately $85 million. These results are preliminary in nature and subject to standard year-end financial reporting procedures.
*** The Street sees Q4 EPS of $0.64 and FY12 EPS of... More
