Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Diebold net income up 65.2 in third quarter
NORTH CANTON, Ohio (10/31/08)--Diebold’s 2008 third quarter revenue was $890.3 million, an increase of 20.2% from the same time period last year, the company reported Thursday. Net income was $46.5 million during the third quarter--65.2% more than last year. Diebold also reported:
* Earnings for the third quarter were 70 cents per share, compared with 42 cents per share in 2007; * Financial self-service products and services revenue increased 18.3% over the prior period, while total security revenue decreased 6.4%; * Election systems revenue in Brazil totaled $58.6 million, more than 85% of Diebold’s increase in total election systems revenue; and * The net positive currency impact was 3.4 percentage points.
The third-quarter results included restructuring changes related primarily to severance and reorganization costs from the previously announced reduction in Diebold’s global workforce. Diebold also incurred $24.7 million in non-routine expenses in the third quarter, compared with $3.3 million in third-quarter 2007. “We continue to make solid progress on our key initiatives to reduce costs and improve profitability, and this is reflected in our results,” said Thomas W. Swidarski, Diebold president/CEO.
Other Resources

RSS





print
News Now LiveWire
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
21 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
22 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
23 hours ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
23 hours ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
1 day ago