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DIEBOLD'S FIRST QUARTER REVENUES AND EARNINGS INCREASE VS. 1992

 CANTON, Ohio, April 14 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD) today reported improved first quarter revenues and earnings. Revenues were up 11 percent compared to the prior-year quarter, while earnings per share were up 34 percent.
 In the quarter ended March 31, Diebold had net income of $8,624,000, or $.43 per share, on revenues of $134,463,000. This compares with income before an accounting change of $6,365,000, or $.32 per share, on revenues of $121,587,000 in the 1992 first quarter.
 According to Robert W. Mahoney, chairman and chief executive officer, "Diebold's orders were up substantially in the 1993 first quarter compared with the same 1992 period. Domestic orders continued to be strong and international business showed significant growth." He added that backlogs remain strong and are up substantially from the 1992 first quarter, which provides a solid beginning for the second quarter of 1993.
 "We are pleased with these results which give us a good start on meeting our objectives for the 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 today 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
 March 31
 1993 1992
 Net sales $134,463 $121,587
 Income before taxes and
 cumulative effect of change
 in accounting principle 12,064 8,775
 PERCENT OF NET SALES 8.97 Pct. 7.22 Pct.
 Federal, foreign and state income
 taxes 3,440 2,410
 EFFECTIVE TAX RATE 28.51 Pct. 27.46 Pct.
 Income before cumulative effect
 of change in accounting
 principle 8,624 6,365
 PERCENT OF NET SALES 6.41 Pct. 5.23 Pct.
 Cumulative effect of change
 in accounting principle -- (17,932)
 Net income (loss) $ 8,624 $(11,567)
 Average number of shares
 outstanding 20,125 20,022
 Earnings per share:
 Before cumulative effect
 of change in accounting
 principle $0.43 $0.32
 Cumulative effect of change in
 accounting principle -- (.89)
 Net income (loss) $0.43 $(0.57)
 -0- 4/14/93
 /CONTACT: Mary Ann Jackson of Diebold, Incorporated, 216-588-3780/
 (DBD)


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

SM -- CL008 -- 5552 04/14/93 09:14 EDT
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Publication:PR Newswire
Date:Apr 14, 1993
Words:398
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