Thomas Timko, the Executive Vice President and Chief Financial Officer of Diebold Nixdorf (OTC:DBDQQ), Inc. (NYSE:DBD), recently acquired 360 shares of the company's common stock. The transaction, which took place on November 12, involved a purchase price of $40.75 per share, totaling approximately $14,670.
Following this acquisition, Timko holds 48,579 shares, a figure that includes restricted stock units. The transaction reflects a direct ownership stake in the company.
In other recent news, Diebold Nixdorf reported its Q3 2024 financial results, highlighting a seventh consecutive quarter of margin expansion despite a slight decrease in total revenue. The company's gross profit saw a significant increase, marking the highest product margin in Diebold Nixdorf's history. Banking revenue experienced growth, while retail revenue faced a decline due to macroeconomic factors.
Diebold Nixdorf's total revenue for Q3 2024 was $927 million, a 1.7% decrease year-over-year, while gross profit increased by 8.2%. Analysts note the company's EBITDA guidance remains on track, with a target of $435 million to $450 million.
These recent developments indicate a strong finish to the year for Diebold Nixdorf, with significant profitability expected. The company is also aiming for over 25% free cash flow conversion for the full year. Looking ahead, the company anticipates low-single-digit revenue growth in 2025, with a mid-to-high single-digit increase in adjusted EBITDA. An Investor Day is scheduled for February 26, 2025, to discuss future plans and strategies.
InvestingPro Insights
Thomas Timko's recent purchase of Diebold Nixdorf (NYSE:DBD) shares aligns with several intriguing financial metrics and trends highlighted by InvestingPro. The company's stock has demonstrated remarkable resilience, boasting a high return of 89.56% over the last year. This impressive performance is particularly noteworthy given that the stock has taken a significant hit over the last week, with a 16.54% decline, potentially creating an attractive entry point for insiders like Timko.
InvestingPro data reveals that Diebold Nixdorf's market capitalization stands at $1.51 billion, with a revenue of $3.8 billion in the last twelve months as of Q3 2024. The company's EBITDA growth of 73.64% during this period is particularly striking, indicating strong operational efficiency improvements.
Two key InvestingPro Tips shed light on the company's financial position. First, analysts predict that Diebold Nixdorf will be profitable this year, which could explain Timko's confidence in increasing his stake. Second, the company has been profitable over the last twelve months, with a gross profit of $936.2 million and an operating income of $271.5 million.
It's worth noting that InvestingPro offers 8 additional tips for Diebold Nixdorf, providing investors with a more comprehensive analysis of the company's financial health and market position. These insights could prove valuable for those looking to understand the context of insider purchases like Timko's.
Thomas Timko, the Executive Vice President and Chief Financial Officer of Diebold Nixdorf, Inc. (NYSE:DBD), recently acquired 360 shares of the company's common stock. The transaction, which took place on November 12, involved a purchase price of $40.75 per share, totaling approximately $14,670.
Following this acquisition, Timko holds 48,579 shares, a figure that includes restricted stock units. The transaction reflects a direct ownership stake in the company.
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