Diebold Nixdorf, Incorporated (NYSE:DBD) Q1 2024 Earnings Call Transcript

So that’s really the most significant item of that. And then, the balance is made up of other movements on accruals and prepaid timing at the beginning of the year. You can see that actually in the new table that we put into the deck towards the back. It’s a supplemental schedule, Matt. But it should be helpful in bridging some of the incremental items outside of AR inventory, AP, and deferred revenue that give rise to those movements. So, the biggest item there is indirect taxes followed by other timing on accrual payments that get paid out of accounts that are not categorized within accounts payable.

Matt Bryson: Got it. But it sounds like it’s predominantly timing items as opposed to anything structural. And so, net those are if you were able to…

Jim Barna: That’s right, Matt. That’s right.

Matt Bryson: Okay. And then I guess just one last question for me. I know that the circumstances around the debt forced you guys to give us unit estimates. It doesn’t look like you’re disclosing those anymore for ATM self-checkout point-of-sale. Are we not going to see those at all? Or will we see those in the filings? Or if we’re not going to see them, can you give us, I don’t know, some guidance around sequential or rough numbers or any help there at all? Thanks.

Jim Barna: Yes, Matt. So, I would tell you that we’re moving away from units as we’re more focused on price realization that we get and kind of volume mix across the different regions. But what I would tell you is we still see for ATM units and SCO units. Particularly in ATM, we’re entering new markets, we’re re-entering the Indian market. So, we do expect to see growth in volumes across our geography. So, I would say that, we will move away from that and be more focused on clearly the revenue mix and margin expansion of our products. That is, I think, a better metric for us to focus on. And again, as we linearize quarters, which is the most important thing to me, you will see that Q2 will be better than Q1, Q3 will be a little bit better, and then Q4 will be a more manageable and not so dependent for our yearly results.

So, I’d say that the important thing is we still see growth in units, but we’re linearizing that more across the year so that we don’t have that big spike in Q4.

Matt Bryson: Thanks for the help.

Operator: Thank you. As this concludes our Q&A session, I’d like to hand the conference call back over to Christopher Sikora for closing remarks.

Christopher Sikora: Thank you for participating in today’s earnings call. Please feel free to reach out to me, Chris Sikora in Investor Relations, if you have any questions or need additional information. Thanks again, and have a good rest of the day.

Operator: Ladies and gentlemen, thank you for joining today’s call. You may now disconnect your lines.