Fourth-quarter revenues were $850.0 million, up 7.5 percent from the same period in 2011. Growth was driven by an increase in its overseas election systems and lottery business as well as its ATM business.
View full sizeDiebold Inc. is building a new $100 million corporate headquarters to replace its current buildings in Summit and Stark Counties.For the last three months of 2011, its total profits from continuing operations were $79.8 million, or $1.26 per share.
For the last three months of 2010, its total loss was $120.0 million, or $1.83 per share.
Its fourth-quarter revenues were $850.0 million, up 7.5 percent from the previous year. Its revenues were driven by an 189-percent increase in its overseas election systems and lottery business and and 8 percent growth in its ATM business.
For 2011 as a whole, Diebold's net income grew to $144.8 million, or $2.24 per share, compared to a loss of $20.3 million.
Its net sales for 2011 grew $12.0 million to $2.83 billion.
"We closed 2011 on a winning note with strong performance in the fourth quarter," Diebold President and Chief Executive Thomas W. Swidarski said in a statement. "We delivered on the commitments we made in several key areas, including revenue and earnings growth, free cash flow and fourth-quarter profitability" in Europe, Middle Eastern and Africa.
For 2012, the company expects total revenues to grow between 3 percent and 6 percent, with earnings per share of $2.18 to $2.41.
Diebold released its earnings before the markets opened.