DBD - Earnings call transcript Q4 2024 | Diebold Nixdorf, Incorporated

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Operator

Hello. Good day, and welcome to Diebold Nixdorf's Fourth Quarter and Full Year 2024 Earnings Call. My name is Bella, and I'll be coordinating today's call.

I'd now like to turn the call over to our host, Chris Sikora, Vice President of Investor Relations. ahead. go please Chris,

Christopher Sikora

of welcome call. fourth remarks, To presentation Relations our and year we and XXXX slide section Investor the earnings accompany to website. to everyone, quarter our full posted our Hello, our prepared

remind start, that statements call, you These will participants we cause at the risks expectations the to they and statements Before are these from our all this the management of forward-looking team during that results actual to but subject will I materially could call. reflect hear beliefs of certain time differ statements.

date. information You may can events should find the these additional SEC. mindful filings be on render annual this periodic with Participants the company's of and information subsequent in to that factors out be

non-GAAP We on discussing measures also today's be certain financial call. will

on Slide of supplemental the non-GAAP reconciliation found between a schedules be can X, GAAP measures As and in the presentation. noted

to you you, turn that, Thank Chris, call today. us Octavio. joining thank over and for With the I'll all

Octavio Marquez

high X, Slide strong performance on flow. of flow, million successful delivering a in end fronts, above accountability teams formation Diebold company's the year, and free of is on both Throughout the and higher customer of XXXX. were stronger in Nixdorf best our our exceeding were profitability execution, Beginning XXXX. cash to range adjusted resulted the in of EBITDA, guidance $XXX drive expectations which focus million our cash the $XXX free We performance on executing since and

a expansion XXXX. in operations Additionally, margin created has solid foundation implementing gross for lean

our remain cash and $XXX and EBITDA proud extremely significant technology on banking growth, on team. our million retail flow. focused and in high-performing of long-term I Nixdorf improvement. show accelerating leader. We range targeting goals. We XXXX Diebold global progress with growth free our a of am doubling towards our as our consistent low adjusted in commitments delivered We million are to nearly $XXX revenue another the year of single-digit

an exciting Nixdorf. is It X. Slide time Diebold to Moving at

of taken customers have and numerous the approximately the $XXX steps with This year. markets the normalized in banking including for a level years new company for success product DN and we position securing shareholders. We agreement our for across and revenue bank end top X to our of long-term services. closed backlog. value product months major healthy, of year year banking, X the for retail X We Activity remains entered and roughly create million large strong with and ATMs a Series represents attached U.S. deals,

Asia winning emerging Brazil world in and continue Pacific, self-service channels. East customers the as in grow contracts globally We enhance expanding Middle major the markets, and their around

ATMs. customers to Series increase of We the shipping adoption our operational demand major DN and Last week, are drive we innovation delivering our higher XXX,XXX proudly self-service milestone, announced a efficiency.

refresh with We with are around very traction accelerating the excited ATM the DN our to institutions financial Series cash cycle solution as lead gains world. recycling

level. recycling teller introduced move branch beginning which our branch in key us. we the in retail, This In leadership at differentiator ecosystem. will to bank's the recycling cash cash managing reinforced wins the the into Europe. is expand we and efficiency, unit, technology and ATM Importantly, their improve large with XXXX, In self-checkout is a service management beyond position our technology ability cash for advanced to

in showcased to as up we store the quick-serve Big the innovation brands. Show restaurant New also leading where York, our National We AI to capabilities well shrink-related loss American with Federation presence January, checkout as strengthened process. speed in the Retail our market throughout attended In combat North the we

of for who technology the While there, delivery. kind exactly express at the the the I excel of world's many retailers had we with meet opportunity need to largest

and like Intermarche help a French reduce retailer self-service checkout During shrink. with Mosquetiers, Grup agreement enhance with announced brands we a new major the its show, to

are our excited solutions. to growth building represents opportunity for also which North our an attractive market We in presence retail America, continue

represents the significant has company to value. in to capital capital a time and we Our more $XXX of million enabled for shareholders. announced to us million XXXX And start a strong share paid will delivering This milestone underscores authorization. commitment In returning new debt. repurchase presentation. on major in later today, performance down Tom shareholder XXXX, our $XXX we our framework allocation spend long-term the

Moving to X. Slide

started the that continuous improving in our and by year, journey eliminating implementing by safety, better improvement In events driving supply our XX are XXXX, approximately conducted our performance manufacturing, impacted we chain logistics and positively Kitan environment. operational and we delivery Throughout cost. We waste. processes excellence lean and quality,

greater safety, ensuring routine. are achieved time, We than safe team XX% team employee conducting a daily most members our of reduction lost in our asset. their members our For remain valuable

our at manufacturing our reduction on and money Looking production quality, saving teams time a approximately XX% realized in defects, lines.

lead delivery, our in looking times. And the achieve and safety, customer finally, satisfaction product gross helped reducing for we on XX% expanded focus our at cost For delivery in our improving teams a supporting achieved year, cost, targeted and margin quality expectations on-time increase reduction delivery, XXXX.

results. continued address our storage materials. several in our throughout of to identified operations the a Kaizen year. anticipate into As crucial will the North that, journey our America we see where are continuous in accelerating inefficiencies we With lean will our on service I and the we event and service example Toronto, which operations. see turn service Tom successful go Canada, the a page more of in improvement to implement on operations, measurable XXXX, a flow we call over improvement you I through facility The to completed is we side opportunities move financial efficient to

Thomas Timko

Thank you, Octavio.

changes in financial We in fourth letter I want to comment of financial quarter the materials. X SEC areas Before highlight into results, our an going received addressing financial earnings the of information X presentation our disclosure. our

amortization fresh a item. being of in XXXX and as accounting combination treatment non-GAAP second and start the first being The successor periods predecessor the of

Further, comparisons forward, our item, Nixdorf, the no partial relative make XXXX full On and periods not successor XXXX combining comparisons respectively. the and predecessor as reorganization successor direct financials year reflect period in predecessor successor longer and meaningful. year first prior pre-reorganization going our are will to disclosures to Diebold post

As XXXX any not against providing year full we comparisons year are full XXXX. such,

of nonoperational It accounting start-related longer start Next, item, the non-GAAP as this quarter, intangible amortization is no item at item. second for Fresh that treatment a presentation. adjust will remember a looking Starting to in this noncash, item. our Fresh is amortization important we

million facilitate 'XX EBITDA emergence, assets. assets amortization fiscal rates. valuation Post intangible Start free these this impact profit release is the not to reporting item What of in earnings of related $XXX backed in flow out predecessor to run a our Fresh results. does order or So comparisons was see cash you our will to as change the operating revenue, created non-GAAP

all to due in changes. lower back deck 'XX. your Importantly, to our results. this update these impact with of resulting help increased present gross margin the you speaks will providing X In the remaining slides we The to conversations baseline The the have how is concluded. XQ amortization. SEC order on change to quarters prior we are going this And information forward, models, this is going a

all EBITDA or 'XX However, nonoperational. this and just as changes on free cash are impact mentioned, I in flow noncash no as revenue, has fiscal

my updates questions. team in release have Investor with Relations earnings you out accordingly, We included to the any reach and can

of see we trend of of Service XXXX the is the principles. $X.XX ATMs year Operationally, remain point total Service X-quarter attach adoption. increased to all compared we XX rates can operating our XX% Slide months hardware was response we our base to our XQ highlights XXX and X. for a and our points represents on delivered the contribution year. our This materials improved in strong and to continue global reoccurring nature. strong that drive changes cash changes. revenue billion disclosures a the with with and for margin to product impact our to of you of ago. 'XX are as ATM recycler in revenue strong. DN revenue pricing financial in after lean banking commitments from Series full refresh $X.XX our financial XXXX billion, software by that Overall, and Moving was Gross performance installed sales in from since almost providing jumping the updated driven emerging in demonstrates presentation. discipline this basis off XX% these bankruptcy

earnings full margin vary gross in based call, and each product will ended we at our were As geographic our expectations strong QX, In in line last margins XX.X%. year margin on quarter discussed mix. with and

region fit-for-purpose first our the quarter of shipping are in in the APAC 'XX. ATMs We second

improve year-over-year. gross We year that full will this help expect us margin

Turning to expense. operating

We remain driver improve a We Slide maintain which on XXXX full increase. that compensation, actions Continuing our X. to results normalized incentive discipline. is financial operating year continue include on leverage. primary cost behind the to the will focused of

EBITDA for flow, is growth to and Full professional QX, we year. EBITDA, combined stronger XX.X% through cash lower revenue bottom go-forward year delivered capital expansion million $XXX was initiatives cash through adjusted the generated by flow margin margin Our adjusted with -- that margin full model journey the and $XXX adjusted million benefited discipline. expense continuous and improvement dropping from drove working in which improve a We record our operating start This on in to million higher our $XXX solid a higher the EBITDA and gross of chain supply XXXX, service expansion driven excellence of free free efficiency contemplates margin line, throughout year. fees.

free is headwinds to full Additionally, in year cash flow impacting This we cash corporate beginning just addressed we XXXX. all in flow XXXX. nearly free aim double as restructuring-related the

Banking and trends. XXXX Slide in delivered a solid year revenue with to XX. Turning improving profitability

refresh see continue adoption the We recycle. of and to activity ATM strong

million stable where are delivered we We service, are by each consistently in we quarter. the revenue approximately seeing recurring $XXX encouraged

more We margin pricing also gross year, while the service by full strong discipline fourth achieving gross our margin targets for delivered the our quarter. than in for driven also XX%

Looking to optimizing we cash second these aimed runway year, higher-margin as first fit-for-purpose our APAC the ATMs ecosystem. we branch growth. XXXX, portfolio solutions Adding the look this branch us of confidence solutions our the end-to-end focused in quarter at in the our will 'XX at revenue automation gives ship half of on launch and our in region to first

This sequential XX. Slide quarter sequential our The seeing to of in row was XX.X% impact and and QX improved a revenue Moving profit and quarters team lean as to product profit. we gross sequential both was but is continue in to service. operating across up continues up with growth our retail of Gross signs stabilization sequentially is pricing product revenue discipline. with improvement growth. principles X macro revenue quarter environment revenue, implement

year in deployments long-term the challenges, in outlook in XXXX, of our are to ability represent most strong positive confident DN, deliveries of XXXX. near-term the for for in our self-service a with service financial market retail that Slide remains Despite the our a delivered XXXX half second given We improve year. XX, commitments in new margins market. the recovery where we On was on

adjusted Given meaningful this reflects improvement cash financial momentum, XXXX revenue, our free flow. EBITDA and in outlook

revenue be the low a both contemplates second currency total X% unfavorable flat year-over-year X% product banking guidance The We up retail to across half low digits expect for to constant including low single up with the up service, year. single single growth digits to impact with in from FX recovery. and digits, year-over-year

half. relates on quarter points to in stronger of XX% in is half to half is first the second based weighted Also, expected a of half than quarter second the be towards basis revenue orders it revenue. first is customer currently year, with the the This a couple quarterly a year XX% percent of the the backlog. As of as more first second cadence, and split the

adjusted more $XXX We to in year. the range a deliver improvements are EBITDA with and XXXX, continuing operational million of be customers $XXX expect to to linear we In our drive to work million.

XX% is is focus and gross improvement primarily maintaining small free manufacturing, the to gross flow expected representing targeting $XXX range for gross improvement million, XXX in in with basis is In million incremental Free lean driven There expansion. expense an on cash discipline. through improvement expect the of continued by of margin approximately team flow margin expansion in we services service be conversion. margin. points operating $XXX cash to full opportunity plus product Our operations year

nothing to Slide to on more cash free on XX than company cash moving Now is our with details important There flow. strengthening outlook. free the more flow our

value investments, for shareholders. a expansion, strong also our Investor as particularly our clear Building $XX morning to approximately strategic what ability goal million Relations impact outlook provides harvesting positions us progress towards midpoint pleased restructuring, framework XXXX, $XX margin by City. over providing and decks driven related details million with our New the including we next contribution professional year will team Please primarily more we of reach financial XXXX EBITDA from well sight million from be momentum cash of conversion flow additional creation delivering so to drive the $XX This strong a It Day reduced plan of your that we our receivable are join line our interest outlines using which $XX for the relating with February range and a far, is worth achieve to us in are in guidance and noting for we to York corporate annual XX% the our of free out at next December mark based contribution financing into Please in XXXX. in guidance we can factoring restructuring, in business service completed XXXX. million on in CapEx, impact on the approximately combined free our accounts we calendars off also of debt flow cash customers plus fees years. We our from savings, as the X approximately best-in-class on corporate higher in the and range, longer-term information. bridge cover XX to on adjusted for our have to Investor we

Slide our sheet. building XXXX, to in have Turning a fortress XX. corporate restructuring been we on focused Since balance

than investments on the $XXX that actions of credit liquidity capacity we stock million shareholder comprised of short-term year, our and more million created $XXX cash value of period. significant revolving of with have and Our At $XXX than million more doubling the have of since facility. end our

The have of part are activities. the our our range extended reinforces foundational from to XXXX put we refinancing foundation and leverage place. X.Xx remain the ratings company reducing net taking operations. S&P stock that right of credit price for And we we that X.Xx. We our debt committed reflect leverage steps liquidity to the our paid Moody's We ratio significantly worked hard a in build support debt. by million in Our work strengthening debt as debt $XXX of of going a to This and we X.Xx, gross impact element while forward was of solid to. XXXX, within reducing maturities appreciation we are at well down and of set achieved the cost company the to that the to doing is

Slide to XX. Moving

We are a implementing framework. disciplined capital allocation

balance are and First foremost, sheet. we committed to maintaining our fortress

and on are ratings debt. focused strong long-term further in We improved liquidity, reductions leverage, low credit

are Second, company position we upgrades, in both future driving infrastructure business growth. the strategic innovation portfolio and which making the of investments for better continue to

our business set. in X.X% solutions. the investments and on which sales, model, CapEx-light our growing North strategic and CapEx peer the favorably only Our of a retail out automation from building approximately compares be DN will business American branch running benefits banking to representing focused

of returning our guided by Third, capital we commitment to to be continue shareholders.

in believe of year. best million is program. of we excess announced this a share We will we first are our executing form that cash. against the At $XXX current the repurchase levels, authorization We doing use start this so

Lastly, we small, want M&A capital and to allocation our and disciplined growth allow investments. for framework strategic opportunistic

We evaluating investments opportunities accelerate that are our growth. always small tuck-in would for

to Now I will it Octavio. back turn

Octavio Marquez

with employees customers, am optimizing DN. focused delivered focusing demand of things steady up Thank vision. we To enhance are offering Retailers growth DN ATMs have the our pain opportunity better wrap banking, on and Slide North strong our impressed the future points and how their on drive for with automation and their in our efficiencies markets Series our are We in year, solutions address computer a we about branch self-service solution. customers. excited our I operations. see you, higher XX. end-to-end on ecosystem AI with invested cash America retail, and end In accelerating Tom. serving improving while In

we as at the journey. you And operations. have have are improvements seen, lean tremendous We our building made efficiency stages our of in initial

focus around our lean to for enterprise line go top-performing that, throughout questions. We our service are as with customers And a work the my employees into thanks to our XX,XXX with And company XXXX business. the we finally, expanding shareholders. on a please for build going world efforts operator, the open our and particular

Operator

Instructions]. [Operator

line from question D.A. first Davidson. of Our Matt will come with the Summerville

Matt Summerville

retail, things. start let's maybe So in X

So you're talking about the second recovery. half

the to a First, help led that's me understand you support Help of particular me that's by the thinking have region? And if understand follow-ups. on then led I in POS, view? have by hand SCO, second if orders half couple recovery. a Do already that

Octavio Marquez

been results my But Sure, orders Skol scratchy. in particularly year, strongly up so include in ended significant for contracts Matt. and SCO European bit the delivered of around happy little been sequential also for voice. and year. half I've seriousness, retail both start celebrating in that is of very -- those all is apologies large year be and our so jumping you, clients the and our in We Thank voice with won we the the I second down my and back This some POS. improvements I've POS. with will a Octavio. in and that in with half Europe the revenue. next to both

recovery. why good visibility see us half second on we that gives that So

Secondly, significant in we've now made our investments America team. North sales

these of customers retailers investments capabilities world best-of-breed AI where am were confident unbundling shrink solutions. well hardware, in hard the and include America. North as self-checkout for services I support now very to region [indiscernible] self-checkout from coupled tightly to These deploy convinced first with the now and I U.S. coupled around was software, transition the with the as very looking looking at services software best or solutions. are market that tightly solutions in solutions from Customers concrete feedback work, they're that those am that.

America we the win I So easily scope in our in are us opens delivering open position gained integrated hardware update retailers is and better think looking by #X micro gives very X us another being can to where and that most has now software, software [indiscernible] that infrastructures and avenue at North services scalable Europe to that

Matt Summerville

think then do the And had in record the in much the we curious, the market Or up had last thinking pandemic a a is be through intact? you side differently well SCO the been I'd of be a and off saw and secularly business, scope driven still until respect how firmly of year, 'XX, do the nature the 'XX? of just driving of And 'XX. leading reset to business with what that should alive And about think market forward? to going decline . you obviously we

Octavio Marquez

decline declines I markets So in very in U.K., very experiencing time, retail At saw important one significantly Clearly, other say that is region. fashion, markets. decline the whereas more we into self-checkout which is other note our general the concentrated of same Europe, biggest is wins in merchandising. countries moving grocery. it on Matt, We've would now pronounced verticals, like to biggest with the the by that were Ireland,

improving So very a types we clearly, in of think secular the the these half tailwinds more for return efficiency, shift consumer market the those for around technologies. to is that year is and latter preference of in frankly, this and that journeys self-checkout, store expanding customer will tied

of are #X Europe, retail the distant remember, but checkout markets is U.S. #X in provider the side, we The a of in largest X overall. On other the the U.S.

I'm second our retailers. that reaccelerate I'm will encouraged behavior retail sure very of with us from changes we in that America growth help the the buying half place that new put in that So And the in in team the North year. have

Matt Summerville

then And I'll one more. maybe Got do it.

early with think you side I to of on still you installed banking an the refreshes. talked the respect the On grabs have business, XX% about up base that's of sort of slide, about for

Any adding So regional know for little as this update baseball tenders about in were all may view maybe would of grabs. bit there of demand. a to couple I there overall maybe big talk a color on be kind cycle, Brazil up the of analogy refresh beneficial? helpful. a go-forward be recycling-led

Octavio Marquez

again, if shipment ATMs, once consider last of just we Series that a installed have global And XXX,XXX Matt. DN of you roughly quarter. Sure, completed the we our base XXX,XXX

in. XX% roughly we're again, So

correct, should somewhere if in we math inning, be analogy, third baseball is or into the So or going around my the there. somewhere

early part, geography, If I into So recycling. the we're it I I'll of large an in by Brazil. look base mentioned still important Brazil stages since think this at is upgrading you which start with installed

still we these of in large some have are of will Brazil. be We loaded win enough That's packs. These in large industry financial banks XXXX. a the a little government tenders half As a start you were more concentrated large to very banking fortunate in very why our around. recycled. year also and bit reason And couple will all little large of back-end deliveries those tenders the know, bit for this second a time Brazil with

So than banks recycling do this it software are adjusting with their infrastructure functionality, to incorporate take more to has time. more again does hardware, which of but

as for entry you banks very as cash America. Latin And a consumers the Another And digital the an growing us Latin ecosystem. into market. market heavy their America ATMs to continues point be know, for use is

insurance strange not ATMs to functionality significant around and even it's payments see some cases. Latin in in providing bill America So

to very it coming to market, stable our healthy was and for as market. Europe, demand very very So both an also surprise this pleasant we installed from year a stable continues very been products Latin a out which a and and America, base. it's be see expanding our

we've view opportunity very Europe. being their we're is branch So am Europe. will today, to very think our the cost total excited apply also uses DN of still to at, powerful of customers cash managed ATMs. at recycling When provides that growth a introduced in of which again, will joining for branch. base teller steady to North This math, cash where looking we recycler, at I of you year, been comprehensive turn and our the even the installed end-to-end a level. very a about still I optimize we with banks and the. Last some which networks, consolidation way recycling very different larger same cash America, ecosystem the a see we technology focused Serious use on This of implementing in our that steady

that the seen branch with of our installed transaction excited share one a about that is services plus refresh we with includes -- you Pacific our lower U.S., our the long start see I'm of very excited will expanding we're for but lastly, things the we us volumes. we've I Tom the base target and talking Asia really So when automation Pacific is have to machine that huge still where shipping region. that market. mentioned devices market smaller gains, starting a QX, Indian for will in addressable fit-for-purpose our And Asia think volumes way there's footprint This about

machine built same of highest in the markets East Africa. capacity parts we So we Middle like that built At time, cash specific market. the for some for the recycle

recycling will of continue that the that drive in adoption excited because very the part to we're So of world.

talking that in recycling expand our becomes think end-to-end banks. cash we early addressable stages we're on at adoption, looking where optimizing particularly market, we in the do paramount I more mature how the again, target So ways the markets to this ecosystem are and of still

Operator

We Bryson the line question of with will take from our final Wedbush. Matt

Matthew Bryson

currency guide, the headwinds. given strong the on the QX Congrats particularly and

just chain are sphere, it you and got it? is other through any of this Just know curious, on your Or disruption have the talked at diversified business political . impacting to you something executing that that's part going of from point. potential seeing this supply everything a you've because in I companies not affecting really in that's number

Octavio Marquez

Matt, this is Javier.

one. in with this and Let Tom help me jump

think me I to creating looking started a supply we think supply is to ago, years local focused really a local funny very transformation we and we've where But chain I Tom -- of our chain. at been answer. on couple were that

North and in our So Canadian Northeast supplies Ohio the products here markets. our installation U.S. America for

European supply for Our facilities products Europe.

a We've will conscious facility facility these effort South Brazil products India developing our made each local of for also and around supplies very America. for facilities. of APAC in suppliers products Our Manaus supply

They effectively that frequently. that we they the impact very be. tariffs. can know So will we in from supply that change believe And component very always overall, of can forward. But don't we we there's we some the Again, manage of exactly some manufacturers. to chain Asian think what minimize fairly some effectively going dependency seem

Thomas Timko

would think ago. we're Look, we've That of much that, base our only is Yes. Less capacity supply our different thing I really of China. that competition relative well the production than a years from to number few as regionalized was the a component I positioned to XX% add much and sourced and chain.

tariffs feel no a point. we So don't we the matter really what impact are, expect material at this

Matthew Bryson

Or it. not just in it's just and -- executing haven't through And -- acting you're your things have how really just you shift uncertainty any -- are you've also Got in that? something around terms but about changing of customers seen thinking you business seeing? conditions how you're they're

Octavio Marquez

we be year. point, anything. really pretty say to that backlog. at we're to say feel do strong We've would seeing confident have 'XX I able as got not we look we'll this and what another into going we're We deliver

other headwinds for some really this at FX substantial $XXX we side, pretty probably point, to the than really, stage. we're So unfavorable million seeing, right, that on than real pretty at is X% which revenue the X%, confident impact no that, about other of feel year-over-year. this But us

Matthew Bryson

gross of, And ASPs for numbers shift or you to industry that far give margins the in us that any is. idea guess, it give I the the favorable number us dynamics sounds is you banking think to can I rough Do some along can on of there's rough transition? how just either recyclers, then around products? . a shift how mean, favorable transition. from you that But And like

Octavio Marquez

Yes.

in Then to be I Matt, progression approximately we towards the move moved XX% that forward. So we a will in close of as XXXX. shipments XXXX, our And XX% were that we start it's recyclers. to around been If steady estimate recyclers. think somewhere XX%

a of like like that big has upgrading base steady and by big of So U.S., increased which markets are for primarily stage and there's once again, the now base. and recyclers, this thinking they're but time, a longer Latin installed driven still recyclers markets entering used Europe, is their again adoption in America

Matthew Bryson

prices add The thing Matt, is margin contract headwinds the would face excuse FX per higher other annual And even revenue that only higher of higher average me, recycler, potential, compared see. cycler to right, then I dispenser. in driving to higher that, per impacts board, on the revenue Yes. obviously, just we selling a the cash favorable model, across the

Octavio Marquez

you regards call. don't to With mentioned know the Awesome. on it backlog, I think -- you I

think you billion targeted I the $X exiting year. having about

curious if ended up. Just where that's you

Thomas Timko

Yes.

So had backlog burned our again, strong XXXX. banking -- that in down we

forward, our than from which have to with impact QX hold objective little is $X we a $XXX closer negative and to backlog did around a would year In expected we to approximately the million at end be billion, earnings, Xx, somewhere Going FX, bit million. $XXX book-to-bill million. to $XXX greater of

Matthew Bryson

XXXX? cash back-end last flow, bit Okay. color how to us is, there time, the should trying the linearity more color I flow And Any tends just to we a year. of around same the But you're think coming you about I be about really thing loaded. cash in linear. it At guess make appreciate obviously, the linearity in in terms sales it give can

Octavio Marquez

absolutely. Yes,

flow, cash use. half First likely a

We half. to then we've years. offset nearly offset to breakeven, seen be capital expect We quarter opportunities say have quarter the historically. did half of would in we're a but that feel are use think first use good to headwinds and prior use second double with way some we strong to positive. real of on than this less some a third to we some year continue we and our positive those that what And have likely targeting I working would fourth We certainly that but

Operator

time. this at you Thank

We have the no turn over remarks. Sikora now further questions. to Chris his call I'll for closing

Christopher Sikora

Thank for in Nixdorf. participating you Diebold again call today's interest and in your

If Relations. please out to questions, you follow-up free have to any Investor reach feel

good a company. XXXX Lastly, again, Day the and at join look New forward businesses, hope you many of of Investor Diebold in City. Thanks York our rest to and us markets in-depth we on an for sharing day. will outlook for 'XX have look Nixdorf's We the February

Operator

Ladies joining. you and concludes all that gentlemen, for call. today's Thank

disconnect. You may now

Diebold Nixdorf (DBD) 12 Feb 252024 Q4 Earnings call transcript