NORTH CANTON, Ohio – ATM maker Diebold said yesterday it broke back into the black in the fourth quarter with net income of $5.9 million, or nine cents.
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That compares to a loss of $10.1 million, or 15 cents a share, for the fourth quarter last year when the company took millions of dollars for a restructuring charge.
Still, fourth quarter revenues slumped 8%, to $823 million, with significant declines in both the company’s service and product operations.
For the full year, Diebold reported an 8% rise in revenues, to $3.17 billion, and a doubling in net income to $93.5 million.
