NORTH CANTON, Ohio ATM maker Diebold reported a $10.6 million fourth quarter loss, largely due to an $18 million charge for a proposed settlement on Foreign Corrupt Practices Act charges with U.S. regulators.
The fourth quarter loss comes two weeks after the company forced out its CEO Thomas Swidarski amid pressure from the board following poor financial performance.
The fourth quarter loss compares to a net of $79.8 million for the fourth quarter of 2011. Fourth quarter revenue declined 12% to $840.1 million.
For the full year Diebold reported a 6% rise in revenue to $2.99 billion, and net income of $78.5 million, down from $144.8 million for 2011.