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DIEBOLD'S 1993 SECOND-QUARTER EARNINGS INCREASE 35 PERCENT

 CANTON, Ohio, July 14 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD) today reported a 35 percent improvement in 1993 second- quarter earnings per share compared with the 1992 period, while revenues increased 12 percent.
 In the quarter ended June 30, Diebold had net income of $11,798,000, or $.58 per share, on revenues of $150,147,000. This compares with net income of $8,670,000, or $.43 per share, on revenues of $134,654,000 in the 1992 second quarter.
 For the six months ended June 30, Diebold had net income of $20,422,000, or $1.01 per share, on revenues of $284,610,000. This compares with net income of $15,035,000, or $.75 per share, on revenues of $256,241,000 for the 1992 six-month period. Revenues for the six- month period were up 11 percent compared to the prior-year period, while earnings per share were up 35 percent.
 "We finished another quarter of strong orders, with continuing improvement in both our domestic and international businesses," said Robert W. Mahoney, chairman and chief executive officer. "Our backlog of product orders grew again in the second quarter, providing a good start for the second half of the year.
 He added, "Looking ahead, we expect future growth will be supported by the continued strength in our traditional markets, as well as by the new ventures that we announced in the second quarter -- namely, our joint venture to manufacture and sell automated teller machines (ATMs) in China; our purchase of a majority interest in our ATM distributor in Mexico; and the MedSelect Systems joint venture that will sell automated dispensing products to the health care industry.
 "These announcements support our strategies to grow our business by expanding sales worldwide, both in our traditional financial marketplace as well as in new markets," Mahoney concluded.
 Diebold, Incorporated, headquartered in Canton, Ohio, is a world leader in financial self-service transaction systems, security products and customer service. Founded in 1859 as a security equipment company, Diebold develops, manufactures, sells and services ATMs, electronic and physical security systems, facility products and software for global financial and commercial markets.
 DIEBOLD, INCORPORATED
 (IN THOUSANDS EXCEPT EARNINGS PER SHARE)
 (Unaudited)
 Three Months Ended
 June 30
 1993 1992
 Net sales $150,147 $134,654
 Income before taxes and
 cumulative effect of change
 in accounting principle 16,904 12,160
 PERCENT OF NET SALES 11.26 9.03
 Federal, foreign and state income
 taxes 5,106 3,490
 EFFECTIVE TAX RATE (pct) 30.2 28.7
 Income before cumulative effect
 of change in accounting principle 11,798 8,670
 PERCENT OF NET SALES (pct) 7.86 6.44
 Cumulative effect of change
 in accounting principle -- --
 Net income/(loss) $ 11,798 $8,670
 Average number of shares
 outstanding 20,153 20,055
 Earnings per share:
 Before cumulative effect
 of change in accounting principle $0.58 $0.43
 Cumulative effect of change in
 accounting principle -- --
 Net income $0.58 $0.43
 (Unaudited)
 Six Months Ended
 June 30
 1993 1992
 Net sales $284,610 $256,241
 Income before taxes and
 cumulative effect of change
 in accounting principle 28,968 20,935
 PERCENT OF NET SALES 10.18 8.17
 Federal, foreign and state income
 taxes 8,546 5,900
 EFFECTIVE TAX RATE (pct) 29.5 28.18
 Income before cumulative effect of
 of change in accounting principle 20,422 15,035
 PERCENT OF NET SALES 7.18 5.87
 Cumulative effect of change
 in accounting principle --- (17,932)
 Net income/(loss) $ 20,422 $(2,897)
 Average number of shares
 outstanding 20,139 20,039
 Earnings per share:
 Before cumulative effect
 of change in accounting principle $1.01 $0.75
 Cumulative effect of change in
 accounting principle -- (0.89)
 Net income $1.01 $(0.14)
 -0- 7/14/93
 /CONTACT: Mary Ann Jackson of Diebold, Incorporated, 216-588-3780/
 (DBD)


CO: Diebold, Incorporated ST: Ohio IN: CPR FIN SU: ERN

BM -- CL025 -- 1562 07/14/93 16:04 EDT
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Date:Jul 14, 1993
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