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October 15, 1998

COMPANY RESULT: DIEBOLD INC

By CBR Staff Writer

Diebold Inc, North Canton, Ohio-based maker of card-based transactions systems, has reported third-quarter net income that slipped 11.1% to $29.4m on revenue down 9.6% at $287.3m. Nine- month net income fell 52.2% to $41.8m on revenue down 2.5% at $863.6m. Earnings per share fell 8.5% to $0.43 for the quarter and 52.4% to $0.60 for the nine-months. Nine-month results include a $51.3m restructuring charge from the company’s previously-announced staff reduction and consolidation of facilities.

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