Positive Free Cash Flow for Three Consecutive Quarters
Diebold Nixdorf achieved positive free cash flow for the third consecutive quarter, a historic milestone for the company, indicating strong operational performance.
Product Orders and Backlog Increase
Product orders grew 10% year-over-year, reaching the highest level in 3 years, with a backlog now standing at approximately $980 million.
Gross Margin Improvement
Gross margins expanded by 50 basis points year-over-year and 120 basis points sequentially, driven by favorable product mix and pricing discipline.
Strong Banking Segment Performance
Banking revenue increased by $50 million sequentially, with gross margin up 140 basis points year-over-year and 180 basis points sequentially.
Innovations and New Product Launches
Launched retail manufacturing in Ohio and introduced new ATM models in India, highlighting a commitment to local-to-local manufacturing strategy.
Share Buyback Program
Repurchased $30 million worth of shares, reflecting confidence in long-term company value.