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DIEBOLD ANNOUNCES IMPROVED 1992 FOURTH-QUARTER AND YEAR-END RESULTS

 CANTON, Ohio, Jan. 18 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD) today announced 1992 fourth quarter and year-end results improved from those reported for the same 1991 periods.
 In the quarter ended Dec. 31, 1992, Diebold had net income of $15,117,000, or $1.13 per share, on revenues of $154,366,000. This compares with net income of $14,608,000, or $1.10 per share, on revenues of $145,202,000 in the 1991 fourth quarter.
 Fourth-quarter 1992 revenues were up 6 percent versus revenues for the 1991 period, while net income per share was up 3 percent in the 1992 period compared with the previous year.
 For the 12 months ended Dec. 31, 1992, Diebold had net income of $41,137,000, or $3.08 per share, on revenues of $543,852,000, which are the highest annual revenues in the company's history. This compares with net income of $35,745,000, or $2.70 per share, on revenues of $506,217,000 for the 12 months ended Dec. 31, 1991. Revenues for the year were up 7 percent versus 1991, while earnings per share before an accounting change were up 14 percent. A one-time adjustment of $1.35 per share for Statement of Financial Accounting Standard No. 106, "Employers' Accounting for Postretirement Benefits Other than Pensions," which was adopted during the 1992 first quarter, resulted in 1992 net income per share of $1.73.
 "The company again turned in a solid performance for the quarter, with orders up in all areas of the business compared with the prior-year quarter," said Robert W. Mahoney, chairman and chief executive officer. "The international market, where orders more than doubled compared to the fourth quarter 1991, was particularly gratifying.
 "The strong fourth-quarter results contributed to another excellent year for the company," he said. "Product orders in all areas were improved versus 1991, with U.S. automated teller machine and electronic security system volume showing the greatest growth. We also are encouraged that our physical security and facility products business, which had an upturn during the second half of the year, showed a double- digit increase compared to a year ago.
 "For the year, operating profit was up 21 percent versus 1991 and service margins continued to improve, and we enter the new year with a backlog that is significantly higher than a year ago," said Mahoney. "We at Diebold look forward to another solid year in 1993 as we address the challenges and opportunities that our world markets will present."
 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 today develops, manufactures, sells and services automated teller machines (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
 December 31
 1992 1991
 Net sales $154,366 $145,202
 Income before taxes and
 cumulative effect of change
 in accounting principle 18,696 19,468
 PERCENT OF NET SALES 12.11 13.41
 Federal, foreign and state income taxes 3,579 4,860
 Income before cumulative effect of change
 in accounting principle 15,117 14,608
 PERCENT OF NET SALES 9.79 10.06
 Cumulative effect of change
 in accounting principle -- --
 Net income $15,117 $14,608
 Average number of shares outstanding 13,377 13,296
 Earnings per share:
 Before cumulative effect
 of change in accounting principle $1.13 $1.10
 Cumulative effect of change in accounting
 principle -- --
 Net income $1.13 $1.10
 DIEBOLD, INCORPORATED
 (IN THOUSANDS EXCEPT EARNINGS PER SHARE)
 Twelve Months Ended
 December 31
 1992 1991
 Net sales $543,852 $506,217
 Income before taxes and
 cumulative effect of change
 in accounting principle 54,836 49,166
 PERCENT OF NET SALES 10.08 9.71
 Federal, foreign and state income taxes 13,699 13,421
 Income before cumulative effect of change
 in accounting principle 41,137 35,745
 PERCENT OF NET SALES 7.56 7.06
 Cumulative effect of change
 in accounting principle (17,932) --
 Net income $23,205 $35,745
 Average number of shares outstanding 13,367 13,262
 Earnings per share:
 Before cumulative effect
 of change in accounting principle $3.08 $2.70
 Cumulative effect of change in accounting
 principle (1.35) --
 Net income $1.73 $2.70
 -0- 1/18/93
 /CONTACT: Mary Ann Jackson of Diebold, Incorporated, 216-588-3780/
 (DBD)


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

KK -- CL001 -- 5733 01/18/93 08:59 EST
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Date:Jan 18, 1993
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