The following is a summary of the Diebold Nixdorf, Incorporated (DBD) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Diebold Nixdorf reported a third quarter revenue of $927 million, down 1.7% year-over-year.

• Their adjusted EBITDA for the quarter was $118 million, up 7.7% compared with the prior year, with an EBITDA margin expansion of 110 basis points year-over-year to 12.7%.

• Gross profit for the quarter improved 8.2% year-over-year, driven primarily by supply chain and logistics initiatives.

• Year-to-date adjusted EBITDA is $340 million, up 32% from the previous year, with an expanded EBITDA margin of 290 basis points to 12.3%.

• Diebold Nixdorf anticipates finishing the year at the high end of their adjusted EBITDA guidance of $435 million to $450 million.

Business Progress:

• Diebold Nixdorf continues to experience growth in the banking sector with a 3.8% increase in revenue driven by strong demand for their DN Series recycling units and improving service performance.

• They have achieved a significant product gross margin expansion due to greater supply chain efficiency and continued pricing discipline.

• The company is driving higher recurring service revenue by re-entering certain Asia Pacific markets, supported by manufacturing ramp-ups in the region.

• Diebold Nixdorf is investing in expanding their cloud-based service suite to improve customer support efficiency.

Opportunities:

• The company sees an emerging pipeline in the retail sector indicating potential stabilization and growth opportunities expected to materialize in 2025.

• Expansion into the Asia Pacific region is anticipated to grow the installed base and drive higher recurring service revenue, contributing positively to the company's overall revenue.

Risks:

• Challenges in the retail sector continue to impact product revenue, with a 15% decline noted in the report, though there are signs of early stabilization.

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