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Diebold Nixdorf Incorporated (DBD+1.02%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing shows net sales of $927.1 million for the quarter, with the Banking segment contributing $690.6 million and the Retail segment contributing $236.5 million. The company reported a gross profit of $236.6 million, with a gross margin of 25.5%.
Operating expenses for the quarter were $190.2 million, leading to an operating profit of $46.4 million. The company reported an operating margin of 5.0%.
Interest expense for the quarter was $38.4 million, and the company recorded a foreign exchange loss of $2.9 million. The net loss for the quarter was $21.7 million, with an effective tax rate of 308.2%.
Cash and cash equivalents at the end of the period were $251.1 million. The company reported net cash used in operating activities of $47.0 million for the nine months ended September 30, 2024.
The filing details the company's restructuring efforts and the impact of its recent emergence from Chapter 11 proceedings. The company continues to focus on cost-reduction initiatives and strategic innovations.
Diebold Nixdorf's financial results reflect the impact of its restructuring and transformation efforts, as well as ongoing market challenges in the retail segment.
The filing also includes information on the company's debt structure, including details of its revolving credit facility and exit facility.
The company has identified various risk factors, including supply chain complexities, geopolitical instability, and competitive pressures, which may affect future performance.
Diebold Nixdorf continues to focus on enhancing consumer experiences at bank and retail locations while improving its business processes and cost management.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Diebold Nixdorf Incorporated quarterly 10-Q report dated November 7, 2024. To report an error, please email earnings@qz.com.