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Related Companies Diebold Inc. (DBD)

Related Documents Earnings Release (ER) Diebold Inc. 9/30/2009, filed on 11/3/2009 8-K Diebold Inc. 11/3/2009, filed on 11/3/2009

Related Articles 8/4/2009 Diebold provides update on FY'09 outlook

Diebold Inc. on Nov. 3 updated its outlook for 2009 and now expects total revenue for the period to decline between 9% and 13%, compared to the previous guidance of a decline of 7% to 13%.

Financial self-service revenue for the year is expected to decline between 6% and 8%, compared to previous outlook of a decline between 2% and 8%, while security revenue is expected to fall 14% to 17%, compared to the previous estimate of a decline of 11% to 19%.

Election systems are expected to generate no revenue, compared to previous expectations of $40 million to $50 million in election systems revenue. The Brazilian lottery is expected to generate revenue of $5 million to $7 million, compared to the previous estimate of $5 million to $10 million in Brazilian lottery revenue.

Diebold expects EPS for the year, on a GAAP basis, to range from $1.34 to $1.39, compared to a previous estimate of $1.34 to $1.52, while non-GAAP EPS for the period is expected to range between $1.75 and $1.80, compared to between $1.70 and $1.90 expected in the prior outlook.

The Thomson First Call mean EPS estimate for 2009 was $1.80, according to SNL Financial.

Restructuring charges for the fiscal year are expected to be 15 cents per share, up from the previous expectation of 10 cents per share to 11 cents per share. Nonroutine expenses for the period are expected to be 39 cents per share, compared to 39 cents per share to 40 cents per share expected in the prior outlook, while the nonroutine loss is expected to be 13 cents per share, consistent with the previous guidance.

Diebold also reported a net loss attributable to the company of $7.2 million, or 11 cents per share, for the quarter ended Sept. 30, compared to net income of $46.5 million, or 70 cents per share, in the year-ago period.