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DIEBOLD'S 1992 SECOND-QUARTER AND SIX-MONTH EARNINGS INCREASE

 DIEBOLD'S 1992 SECOND-QUARTER
 AND SIX-MONTH EARNINGS INCREASE
 CANTON, Ohio, July 14 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD) today reported a 30 percent improvement in 1992 second- quarter earnings per share compared with the 1991 period.
 In the quarter ended June 30, 1992, Diebold had net income of $8,670,000, or $.65 per share, on revenues of $134,654,000. This compares with net income of $6,606,000, or $.50 per share, on revenues of $121,517,000 in the 1991 second quarter. Earnings per share for the second quarter were up 30 percent compared with the prior-year quarter, while revenues increased 11 percent.
 For the six months ended June 30, 1992, Diebold had net income of $15,035,000, or $1.13 per share, on revenues of $256,241,000. This compares with net income of $11,858,000, or $.90 per share, on revenues of $234,306,000 for the 1991 six-month period. Revenues for the six-month period were up 9 percent compared to the prior- year period, while earnings per share before an accounting change were up 26 percent. A one-time adjustment of $1.26 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 a six-month loss of $0.13 per share.
 "Contributing to much of our improved results were our strong domestic ATM business and growing sales of electronic security products," said Robert W. Mahoney, chairman and chief executive officer. "The higher ATM manufacturing volume and tight cost controls throughout the company contributed to improved margins in the period. We were also encouraged to see some improvement in international business in the second quarter."
 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 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 NET INCOME PER SHARE)
 (Unaudited)
 Three Months Ended
 June 30
 1992 1991
 Net sales $134,654 $121,517
 Income before taxes and
 cumulative effect of change
 in accounting principle 12,160 9,437
 PERCENT OF NET SALES 9.03 7.77
 Federal, foreign and state income taxes 3,490 2,831
 EFFECTIVE TAX RATE (percent) 28.7 30.0
 Income before cumulative effect of change
 in accounting principle 8,670 6,606
 PERCENT OF NET SALES 6.44 5.44
 Cumulative effect of change
 in accounting principle -- --
 Net income/(loss) $8,670 $6,606
 Average number of shares outstanding 13,370 13,256
 Earnings per share:
 Before cumulative effect
 of change in accounting principle $0.65 $0.50
 Cumulative effect of change in accounting
 principle -- --
 Net income/(loss) $0.65 $0.50
 DIEBOLD, INCORPORATED
 (IN THOUSANDS EXCEPT NET INCOME PER SHARE)
 (Unaudited)
 Six Months Ended
 June 30
 1992 1991
 Net sales $256,241 $234,306
 Income before taxes and
 cumulative effect of change
 in accounting principle 20,935 17,089
 PERCENT OF NET SALES 8.17 7.29
 Federal, foreign and state income taxes 5,900 5,231
 EFFECTIVE TAX RATE (percent) 28.18 30.61
 Income before cumulative effect of change
 in accounting principle 15,035 11,858
 PERCENT OF NET SALES 5.87 5.06
 Cumulative effect of change
 in accounting principle (16,835) --
 Net income/(loss) $(1,800) $11,858
 Average number of shares outstanding 13,359 13,244
 Earnings per share:
 Before cumulative effect
 of change in accounting principle $1.13 $0.90
 Cumulative effect of change in accounting
 principle (1.26) --
 Net income/(loss) $(0.13) $0.90
 -0- 7/14/92
 /CONTACT: Mary Ann Jackson of Diebold, Incorporated, 216-497-4757/
 (DBD) CO: Diebold, Incorporated ST: Ohio IN: CPR FIN SU: ERN


KK -- CL008 -- 8957 07/14/92 09:03 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
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