Diebold’s fourth-quarter revenue was $850 million, up 7.5 percent from the fourth quarter 2010.
“We closed 2011 on a winning note with strong performance in the fourth quarter,” Thomas W. Swidarski, Diebold president and chief executive officer, said Monday.
The company’s fourth-quarter revenue was $850 million, up 7.5 percent from the fourth quarter 2010.
Diebold also reported its fourth quarter 2011 net income from continuing operations was $79.8 million, or $1.26 per share, an increase of $199.6 million and $3.09 per share, respectively, from the fourth quarter 2010.
Fourth quarter 2010 included a noncash goodwill impairment charge of $169 million related to the company’s Europe, Middle East and Africa (EMEA) business.
Non-generally accepted accounting principles (GAAP) earnings per share from continuing operations attributable to Diebold, net of tax, in the fourth quarter 2011 were $1.40 per share, up $0.67 per share from the fourth quarter 2010.
“We delivered on the commitments we made in several key areas, including revenue and earnings growth, free cash flow and fourth-quarter profitability in EMEA,” Swidarski said in a statement.
“Our strategy to leverage our capabilities in services, software and innovation is beginning to pay dividends, and is meeting the needs of our rapidly evolving markets.
“In addition, Diebold delivered significant growth in revenue and generated more than $250 million in free cash flow during the fourth quarter. Our global financial self-service orders grew 17 percent during the quarter, with growth in every region in the world. The North America market continued to grow at an impressive rate, as demand remains strong and an increasing number of financial institutions are seeing the benefits of our integrated services offering.”
Looking at 2012, Swidarski concluded, “I am encouraged by how our financial self-service business is growing, and we are developing new innovations to help drive further growth. 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 research and development investments in new solutions in 2012 that will help financial institutions reduce their operating expenses while attracting new customers.”