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DIEBOLD'S 1993 THIRD-QUARTER EARNINGS PER SHARE INCREASE 15 PERCENT

 CANTON, Ohio, Oct. 14 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD) today reported a 15-percent improvement in 1993 third- quarter earnings per share compared with the 1992 period. At the same time, revenues in the third quarter increased 22 percent versus the prior-year period.
 In the quarter ended September 30, Diebold had net income of $12,711,000, or $.63 per share, on revenues of $162,280,000. This compares with net income of $10,985,000, or $.55 per share, on revenues of $133,245,000 in the 1992 third quarter.
 For the nine months ended September 30, Diebold had net income of $33,133,000, or $1.64 per share, on revenues of $446,890,000. This compares with net income of $26,020,000, or $1.30 per share, on revenues of $389,486,000 for the 1992 nine-month period. Earnings per share for the nine months were up 26 percent on a 15-percent increase in revenues.
 "We had another solid performance in the third quarter," said Robert W. Mahoney, chairman, president and chief executive officer. "Incoming orders for the period exceeded the first and second quarters, with improvements in all product areas.
 "Our backlog going into the fourth quarter is up again from the third quarter, positioning us well for the close of a strong year," Mahoney said.
 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
 September 30
 1993 1992
 Net sales $162,280 $133,245
 Income before taxes and
 cumulative effect of change
 in accounting principle 19,361 15,205
 PERCENT OF NET SALES 11.93 11.41
 Federal, foreign and state income
 taxes 6,650 4,220
 EFFECTIVE TAX RATE (pct) 34.3 27.8
 Income before cumulative effect of change in
 accounting principle 12,711 10,985
 PERCENT OF NET SALES 7.83 8.24
 Cumulative effect of change
 in accounting principle -- --
 Net income $ 12,711 $10,985
 Average number of shares
 outstanding 20,165 20,058
 Earnings per share:
 Before cumulative effect
 of change in accounting principle $0.63 $0.55
 Cumulative effect of change in accounting
 principle -- --
 Net income $0.63 $0.55
 (Unaudited)
 Nine Months Ended
 September 30
 1993 1992
 Net sales $446,890 $389,486
 Income before taxes and
 cumulative effect of change
 in accounting principle 48,329 36,140
 PERCENT OF NET SALES 10.81 9.28
 Federal, foreign and state income
 taxes 15,196 10,120
 EFFECTIVE TAX RATE (pct) 31.4 28.0
 Income before cumulative effect of change in
 accounting principle 33,133 26,020
 PERCENT OF NET SALES 7.41 6.68
 Cumulative effect of change
 in accounting principle --- (17,932)
 Net income $ 33,133 $ 8,088
 Average number of shares
 outstanding 20,148 20,050
 Earnings per share:
 Before cumulative effect
 of change in accounting principle $1.64 $1.30
 Cumulative effect of change in accounting
 principle -- (0.89)
 Net income $1.64 $ 0.41
 -0- 10/14/93
 /CONTACT: Mary Ann Jackson of Diebold, Incorporated, 216-588-3780/
 (DBD)


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

BM -- CL012 -- 2037 10/14/93 09:05 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
Words:566
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