DieboldS Security Business Grows Revenue 17 Per Cent
In all, the company’s third quarter 2004 net income of $US48,319,000 and diluted earnings per share of $US.67, compared to diluted earnings per share of $US.66 in the third quarter of 2003.
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Diebold also achieved record third quarter revenue of $US613,393,000, 7.6 percent higher than the third quarter 2003 revenue of $US570,239,000.
Diluted earnings per share grew 1.5 percent, driven by strong performance in the financial self-service and security businesses. Earnings were adversely affected by the election systems business, which was dilutive by $US.04 per share in the third quarter of 2004 but was $US.06 accretive in the third quarter of 2003.
“We are very encouraged by our continued strong order growth during the quarter,” said Walden W. O’Dell, Diebold chairman and chief executive officer.
“We also achieved strong earnings per share growth in our financial self- service and security businesses, growing more than 18 percent.