Diebold Nixdorf, Incorporated (NYSE:DBD) Q4 2023 Earnings Conference Call February 14, 2024 8:30 AM ET

Company Participants

Christopher Sikora – Investor Relations

Octavio Marquez – President and Chief Executive Officer

Pat Byrne – Senior Vice President-Operational Transformation

Jim Barna – Executive Vice President and Chief Financial Officer

Conference Call Participants

Matt Summerville – D.A. Davidson

Matt Bryson – Wedbush Securities

Operator

Hello, and welcome to the Q4 2023 Diebold Nixdorf Earnings Call. My name is Alex. I'll be coordinating the call today. [Operator Instructions]

l'll now hand it over to your host, Christopher Sikora to begin. Please go ahead.

Christopher Sikora

Hello, everyone, and welcome to our fourth quarter and full year 2023 earnings call. To accompany our prepared remarks, we have posted our slide presentation to the Investor Relations section of our corporate website. 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 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 Participants should be mindful that subsequent events may render this information to be out of date.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 3, a reconciliation between GAAP and non-GAAP measures can be found in the supplemental schedules of the presentation.

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

Octavio Marquez

Thank you, Chris, and thank you all for joining us. To get things started today, I wanted to give our Chair, Pat Byrne, another opportunity to share some opening remarks. Pat and the broader Board have been in place for about four months now. We have spent that time working closely together to establish our governance framework and align around longer-term objectives for the company. So today, I thought it would again be appropriate for Pat to kick us off with some of his early takeaways working with Diebold Nixdorf.

Afterwards, Jim and I will walk you through our quarterly results. Pat, over to you.

Pat Byrne

Thanks, Octavio. I'll just make a few comments to provide an update on the Board progress and give you a sense of our excitement for the future of Diebold. We've been working together as a new Board of Directors for several months now and are making very good progress as we completed fiscal year 2023 and set priorities and objectives for fiscal 2024. We're also building strong governance and board oversight and the Board and management team are working well together, focused on running the company towards consistent and improving operating results while also building a flywheel that leads to accelerating profitable growth, margin expansion and free cash flow conversion. Octavio and his team are entering 2024 with real momentum and with clear priorities of both operations and multi-year transformation agenda.