• Revenue of $1.1 billion; flat on an as-reported basis and up 2.0% in constant currency
• GAAP loss per share of $(2.79), inclusive of a non-cash goodwill impairment of $1.44 and a $0.61 charge relating to the deemed repatriation transition tax, or $(0.61) on a non-GAAP basis
• GAAP operating loss of $133.9 million, or 12.0% operating margin loss; non-GAAP operating profit was $56.4 million, or 5.0% non-GAAP operating margin
• Net cash used by operating activities was $115.5 million, an increase in use of $66.0 million from the prior-year period; free cash use was $125.4 million, an increase in use of $60.6 million from the prior-year period due to lower earnings, higher net working capital requirements and cash interest expense
• DN Now savings target increased from ~$200 million to ~$250 million annually by the end of 2021

“Solid gains from our Americas Banking and Retail segments supported constant currency revenue growth in the quarter,” said Gerrard Schmid, Diebold Nixdorf president and chief executive officer. “Our year-over-year revenue performance was the strongest since the business combination in 2016, supported by solid software and product growth.”

Schmid continued, "Operationally, we have started to see benefits from our DN Now improvement plan begin to take hold and additional opportunities are underway. We expect stronger cost savings from the new operating model we implemented during the quarter, and we also initiated a services modernization plan designed to improve service levels, enhance profitability and increase customer satisfaction. When combined with the actions we are taking to simplify our product portfolio, we are increasing our savings target to approximately $250 million annually by the end of 2021. We are also driving several other operational initiatives to improve our net working capital and efficiency levels, and expect these to add further savings in future quarters."
Schmid concluded, "As a global leader in connected commerce, we will continue to invest in innovative solutions that change the way people bank and shop, delivered through next-generation product capabilities and cloud-based software offerings."

2018 Third Quarter Business Highlights
• Signed a $70 million, multiyear services contract covering about 1,000 Marks & Spencer stores in western Europe • Secured a multiyear managed services agreement valued at $68 million for new POS devices and related software at a leading European home improvement retailer
• Won Windows 10 automated teller machine (ATM) product upgrades with several North America financial institutions, including an agreement with a regional U.S. bank for more than 500 DN Vynamic software licenses and a new managed services agreement
• Renewed a five-year ATM maintenance service contract with a top-three U.S. financial institution, and also renewed a three-year contract with Caixa Bank to service 25,000 ATMs in Brazil
• Acquired a $6 million, multiyear Vynamic View SaaS contract with a multinational financial institution
• Secured a contract with Westpac in Australia for the DN Vynamic software portfolio. Diebold Nixdorf is now the sole ATM software provider for Westpac's 2,600 machines
• Raised $650 million through a new term loan and revised the company’s credit facility covenants. This enhanced liquidity provides financial flexibility, facilitates acquiring remaining shares of Diebold Nixdorf AG and supports DN Now initiatives.