RTTNews | Oct 28, 2020 07:56AM EDT

07:55 Wednesday, October 28, 2020 (RTTNews.com) - Diebold Nixdorf (DBD) said, for fiscal 2020, the company now expects adjusted EBITDA of approximately $440 million, revised from previous guidance range of $400 million - $440 million. Total revenue is projected to be approximately $3.85 billion, updated from previous guidance range of $3.7 billion - $3.9 billion.

Gerrard Schmid, Diebold Nixdorf CEO, said: "We will be significantly reducing our restructuring spend and increasing our free cash flow generation, with a long-term goal of converting 50% of adjusted EBITDA to levered free cash flow."

Third quarter adjusted earnings per share was $0.28 compared to a loss of $0.06, prior year. Net sales were $995.2 million, down 7.7 percent from last year.

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