Diebold revises Q2 EPS to (35c) from previous (25c) The company adjusted the 2013 valuation allowance charge on certain Brazil deferred tax assets from $(0.51) per share to $(0.61) per share for the quarter, or $(0.62) for the year-to-date period. This resulted in a revised second quarter 2013 loss from continuing operations of $(1.65) GAAP, or $(0.35) non-GAAP*. The second quarter non-GAAP* loss includes the valuation allowance on certain Brazil deferred tax assets of $(0.61). The adjustment had no impact on Diebold's cash flow and no significant impact on its balance sheet. In addition, the company has adjusted full-year 2013 non-GAAP* EPS guidance to 68c -78c, including the valuation allowance on certain Brazil deferred tax assets of $(0.62). Full disclosure of the Brazil tax matters is available in the company's Form 10-Q filed today.
Diebold sees FY15 non-GAAP EPS $1.90-$2.10, consensus $2.03 Sees FY15 financial self-service revenue up 2%-4%; Sees FY15 security revenue relatively flat YoY. Sees FY15 Brazil "other" revenue to be approximately $50M. Sees FY15 non-GAAP effective tax rate of approximately 30%. Sees FY15 free cahs flow to be approximately $120M. Sees FY15 negative impact from currency of 1.5%.