Why Diebold Nixdorf Shares Are Rising Today
Portfolio Pulse from Nabaparna Bhattacharya
Diebold Nixdorf Incorporated (NYSE:DBD) shares rose after reporting a Q4 adjusted net income of $113.5 million, or $3.02 per share, and emerging from Chapter 11. Revenue was $1.036 billion, up 7% YOY, with an adjusted gross profit of $276.1 million, up 23.2% YOY. The company also paid down $200 million of its higher-cost term loan and secured a new revolving credit facility. FY24 revenue growth is expected to be in the low single digits, with adjusted EBITDA of $410 million-$435 million. Shares are up 4.57% to $33.40.
February 14, 2024 | 5:53 pm
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Diebold Nixdorf's shares rose following a positive Q4 earnings report, successful emergence from Chapter 11, and a strong FY24 outlook.
The positive earnings report, successful emergence from Chapter 11, and optimistic FY24 outlook directly contribute to the increase in DBD's stock price. The company's ability to pay down debt and secure new financing further strengthens its financial position, likely leading to increased investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100