CANTON, Ohio - Diebold Inc. saw its net income jump 15% in the third quarter.
Profits for the maker of self-service transaction systems and security products increased to $12.7 million, or $0.63 a share, in the most recent quarter from $11 million, or $0.55 a share, for the quarter in 1992.
The firm's revenues also jumped substantially compared with the year-ago quarter, to $162.3 million from $133.2 million, a gain of 22.1%.
Nine-Month Income Climbed 26%
On Monday, the company's board of directors declared a 30-cent dividend on each share of common stock. The dividend is to be paid Dec. 10 to shareholders of record on Nov. 19.
For the first nine months of year, revenues increased 15% to $446.9 million, compared with $389.5 million in 1992. Net income in the same period increased to $33.1 million from $26 million, a 26% increase.
Robert W. Mahoney, Diebold's chairman, president, and chief executive, attributed the gains to strong product demand in all areas.
He also said the company's backlog of orders for the fourth quarter is larger than the backlog in third quarter.