Diebold Nixdorf, Incorporated (NYSE:DBD) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET

Company Participants

Chris Sikora - Vice President, Investor Relations

Octavio Marquez - Chairman, President and Chief Executive Officer

Jim Barna - Executive Vice President and Chief Financial Officer

Conference Call Participants

Operator

Good morning. My name is Glenn, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Diebold Nixdorf First Quarter of 2023 Conference Call. All lines have been placed on mute to prevent any background noise. The call will conclude after the speakers prepared remarks today.

Chris, you may begin your conference.

Chris Sikora

Hello, everyone, and welcome to our first quarter 2023 earnings call. I'm Chris Sikora, Investor Relations. To accompany our prepared remarks, we have posted our press release and slide presentation to the Investor Relations section of our corporate website. Later this morning, a replay of this webcast will also be available there.

Before we begin, I will remind all participants that during this call you will hear forward-looking statements. These statements reflect the expectations and beliefs of our management team at the time of this call. But they are subject to risks and uncertainties that could cause actual results to differ materially from these statements. Additional information on these factors can be found in the company's periodic and annual filings with the SEC. Participants should be mindful that subsequent events may render this information to be out of date.

We will also be discussing certain non-GAAP financial measures on today's call. As noted on slide three, a reconciliation between GAAP and non-GAAP measures can be found in the tables of today's earnings release and supplemental slides in the presentation.

With that, we'll turn the call over to Octavio.

Octavio Marquez

Thank you, Chris, and thank you all for joining us today. Our first quarter results reflect consistent market demand for our solutions, as well as positive outcomes from operational improvements we've implemented over the past several months. We continue to see our robust demand environment for our banking and retail products driven by long-term growth drivers around self-service and automation.

Consumer preferences for efficiency and ease of use together with the lower cost of operations for our banking and retail customers are generating ongoing demand for our market leading solutions. Our execution and operating momentum are improving as evidenced by our strong year-over-year improvements in revenue and profitability, as well as higher production levels in our factories.