Notable News Spotlight: Diebold Nixdorf (NYSE:DBD)

On Thursday Diebold Nixdorf (NYSE:DBD) stock traded volume of 5028447 shares during its last trading session as compared to its average volume of 1207759 shares over the recent month. DBD ended its day with the positive stream along the move of 20.31% and closed at the price of $9.3 before opening at $7.84. It has total market capitalization is $714184214. 52week range of the stock remained $ 2.41 – 14.66 while its day lowest price was $7.84 and its hit its day highest price at $10.48.

On Dec. 12, 2019, Diebold Nixdorf (NYSE:DBD) a global leader in driving connected commerce for the banking and retail industries, reported that it is reaffirming its 2019 financial outlook, while providing guidance for 2020 and targets for 2021.

For 2019, the company’s reaffirmed outlook is as follows:

  • Total revenue of approximately $4.4 billion;
  • Adjusted EBITDA of $400 million to $410 million, which represents 25% to 28% growth over 2018;
  • Net cash provided by operating activities of $120 million to $150 million;
  • Capital expenditures of approximately $50 million; and
  • Free cash flow of $70 million to $100 million.
  • For 2020, the company’s guidance is:
  • $4.2 billion to $4.3 billion of revenue, approximately flat on a constant currency basis and after accounting for an approximate $100 million reduction from divestitures;
  • Adjusted EBITDA of $430 million to $470 million, which includes a modest impact from divestitures;
  • Net cash provided by operating activities of $170 million to $200 million, representing growth of approximately 30% to 40% from the 2019 outlook;
  • Capital expenditures of approximately $70 million, including growth capital and internal systems investments;
  • Free cash flow of $100 million to $130 million; and
  • Leverage ratio in the mid-3x’s by the end of 2020, a decrease from the mid-4x’s at year-end 2019.
  • For 2021, the company is targeting:
  • Revenue growth towards the low end of its previously announced range of 2% – 4%;
  • Adjusted EBITDA margin is now in excess of 12%;
  • Free cash flow of greater than $200 million; and
  • Leverage ratio of less than 3x and return on invested capital in the mid-teens.

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