Diebold Slumps On RestructuringCharges
CANTON, Ohio - (07/28/05) ATM maker Diebold Inc. said net incomefor its second quarter fell 24% to $33.3 million, or 47 cents ashare, compared to the same period last year. The main cause was$22 million in costs for restructuring and start-up costs for theEuropean manufacturing for the company's Opteva line of ATMs.Revenues for the second quarter grew 15% to $629.2 million. For thefirst six months of the year revenues rose 12% to $1.16 billion,while net income fell 16%, compared to last year's first half, to$61.2 million, or 85 cents a share. Second quarter highlightsinclude a $52 million contract in Brazil for electronic lotterymachines; and $131 million in Opteva orders.