hapabapaOdds are, you are familiar with a rather small company that has a very wide reach that goes by the name of The Brink's Company (NYSE:BCO). If you can't quite pinpoint in your memory where that name comes from, just think of armored vehicles used to transport cash. As a massive player in the cash management space, The Brink's Company has demonstrated itself to provide a quality service. Revenue, profits, and cash flows, continue to increase even though more and more transactions every year are be ...

RICHMOND, Va., Jan. 18, 2024 (GLOBE NEWSWIRE) -- The board of directors of The Brink's Company (NYSE:BCO) today declared a regular quarterly dividend of 22 cents per share on the company's common stock. The dividend is payable on March 1, 2024, to shareholders of record as of February 5, 2024. About The Brink's Company The Brink's Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, r ...

The Brink's Company (NYSE:BCO) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Jesse Jenkins – Vice President-Investor Relations Mark Eubanks – Chief Executive Officer Kurt McMaken – Chief Financial Officer Conference Call Participants George Tong – Goldman Sachs Jack Wilson – Truist Operator Hello, and welcome to the Brink's Company's Third Quarter 2023 Earnings Call. This morning, Brink's issued a press release detailing its third quarter 2023 results. The company also fi ...

Third-Quarter 2023 Earnings Safe Harbor Statements and Non-GAAP Results These materials contain forward-looking information. Words such as "anticipate," "assume," "estimate," "expect," “target” "project," “model”, "predict," "intend," "plan," "believe," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in these materials includes, but is not limited to, information regarding: 2023 outlook, including revenue, operating profit, adjusted ...

Financial Performance - Revenues for Q3 2023 increased by $90.7 million to $1,227.4 million, representing an 8% growth compared to Q3 2022, driven by organic increases in Latin America and Europe [186]. - Operating profit for Q3 2023 rose by $78.2 million to $137.7 million, a significant increase attributed to organic growth in Latin America, North America, and Europe [188]. - Non-GAAP operating profit for Q3 2023 increased by $39.5 million to $166.3 million, reflecting strong performance across various segments [194]. - Income from continuing operations attributable to Brink's shareholders for Q3 2023 was $45.7 million, up from $19.2 million in Q3 2022, with diluted EPS increasing to $0.97 from $0.41 [189]. - Revenues for the first nine months of 2023 increased by $284.4 million to $3,629.0 million, with a 9% organic growth primarily due to inflation-based price increases [190]. - Non-GAAP income from continuing operations for the first nine months of 2023 rose by $15.4 million to $202.2 million, with EPS increasing to $4.27 from $3.90 [196]. - For the nine months ended September 30, 2023, total revenues increased by 9% ($292.5 million) with a 9% organic increase, while operating profit rose by 48% ($123.3 million) [207]. - GAAP operating profit for the three months ended September 30, 2023, was $137.7 million, compared to $59.5 million in the same period of 2022, representing a significant increase of 131.4% [251]. - GAAP net income for the nine months ended September 30, 2023, was $91.1 million, compared to a loss of $85.3 million in the same period of 2022 [251]. - Non-GAAP income from continuing operations for the nine months ended September 30, 2023, was $303.7 million, compared to $281.5 million in the same period of 2022, reflecting a growth of 7.0% [249]. Revenue Breakdown - North America revenues decreased by 1% ($2.5 million) due to a 1% organic decrease and unfavorable currency impacts, while operating profit increased by 24% ($9.3 million) driven by a 23% organic increase [201]. - Latin America revenues increased by 13% ($38.5 million) primarily due to a 24% organic increase, with operating profit up 2% ($1.6 million) driven by a 31% organic increase [202]. - Europe revenues increased by 31% ($67.8 million) due to the NoteMachine acquisition and a 6% organic increase, with operating profit rising by 38% ($9.9 million) [203]. - Rest of World revenues decreased by 6% ($13.1 million) due to a 4% organic decrease, with operating profit down 12% ($5.7 million) [204]. - North America revenues for the nine months increased by 2% ($26.4 million) driven by a 2% organic increase, with operating profit up 28% ($26.9 million) [209]. - Latin America revenues for the nine months increased by 10% ($90.3 million) primarily due to a 21% organic increase, with operating profit up 3% ($6.4 million) [210]. - Europe revenues for the nine months increased by 26% ($173.6 million) due to the NoteMachine acquisition and an 8% organic increase, with operating profit up 38% ($24.0 million) [211]. Expenses and Costs - Cost of revenues for Q3 2023 increased by 5% to $921.0 million, primarily due to higher revenue and acquisition impacts [187]. - Selling, general and administrative expenses decreased by 6% to $170.0 million in Q3 2023, attributed to lower share-based compensation and restructuring costs [187]. - Corporate expenses decreased by 47% ($24.4 million) in Q3 2023 compared to Q3 2022, reflecting cost management efforts [212]. - Corporate expenses for the first nine months of 2023 decreased by $5.0 million compared to the prior year, primarily due to lower net compensation costs of $18.3 million and an increase in foreign currency transaction gains of $5.9 million [213]. - The company incurred $57.3 million in costs related to acquisitions and dispositions for the nine months ended September 30, 2023, down from $63.1 million in the same period of 2022 [249]. Currency and Foreign Exchange - The unfavorable currency impact on revenues was $15.4 million, primarily driven by the Argentine peso, affecting overall performance [187]. - Foreign currency transaction gains increased by 50% in Q3 2023 compared to Q3 2022, contributing positively to overall financial performance [212]. - The company recognized $30.3 million in pretax charges related to highly inflationary accounting in Argentina, including currency remeasurement losses of $23.9 million [220]. - The fair value of cross currency swap contracts as of September 30, 2023, was a net liability of $17.3 million, up from $11.7 million at December 31, 2022 [235]. - The company entered into a zero cost foreign exchange collar contract with a notional amount of $215 million in July 2023 to manage foreign exchange risk [234]. Taxation - The provision for income taxes for the three months ended September 30, 2023, was $37.3 million, with an effective tax rate of 43.0%, compared to 27.3% in 2022 [241]. - The company recorded a $7.0 million tax expense in the provision for income taxes for the nine-month period ended September 30, 2023, due to changes in Brazilian tax law [243]. - The effective income tax rate for non-GAAP results was 30.0% for the nine months ended September 30, 2023, slightly down from 30.3% in the same period of 2022 [249]. Cash Flow and Investments - Non-GAAP cash flows from operating activities improved by $142.5 million in the first nine months of 2023, totaling $343.4 million compared to $200.9 million in the same period of 2022 [256]. - Cash flows from operating activities under GAAP increased by $92.5 million in the first nine months of 2023, reaching $293.0 million compared to $200.5 million in 2022 [258]. - Cash used in investing activities increased by $35.8 million in the first nine months of 2023, totaling $(147.9) million compared to $(112.1) million in 2022 [261]. - Capital expenditures for the first nine months of 2023 were $133.1 million, slightly higher than $131.5 million in the same period of 2022 [263]. - Cash flows from financing activities decreased by $499.3 million year over year, resulting in a net cash used of $207.4 million in the first nine months of 2023 compared to a net cash provided of $291.9 million in the same period of 2022 [266]. Shareholder Returns - The company repurchased 1,453,573 shares of common stock for a total of $105.7 million at an average price of $72.72 per share during the first nine months of 2023 [275]. - Dividends paid to Brink's shareholders increased to $29.7 million in the first nine months of 2023, up from $28.3 million in the same period of 2022, reflecting a dividend of $0.64 per share compared to $0.60 per share previously [267]. Debt and Liquidity - Total debt as of September 30, 2023, was $3,419.1 million, slightly up from $3,402.8 million at the end of 2022 [269]. - Net debt increased by $63 million to $2,579.2 million as of September 30, 2023, primarily due to borrowings to support increased provisional credit and fund the share repurchase program [270]. - As of September 30, 2023, $437 million was available under the Revolving Credit Facility to meet liquidity needs [271]. Pension and Retirement Plans - The company did not make cash contributions to the primary U.S. pension plan in 2022 or the first nine months of 2023, with no expected contributions until 2026 [278]. - The funded status of the primary U.S. pension plan improved to $(12.7) million as of September 30, 2023, from $(24.0) million at the end of 2022 [277]. - The primary U.S. pension plan reported an actual expense of $(1.9) million in 2022 and $(10.2) million for the nine months of 2023, with a projected expense of $(8.7) million for 2024 [281]. Market Risks - The company operates in over 100 countries, exposing it to various market risks, including interest rate and foreign currency exchange rate fluctuations [285]. - The risk management program aims to mitigate the adverse effects of market volatility on operating results, with no material changes in market risk exposures reported for the nine months ended September 30, 2023 [285].

The Brink's Company (NYSE:BCO) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Mark Eubanks - Chief Executive Officer Kurt McMaken - Chief Financial Officer Jesse Jenkins - Vice President of Investor Relations Conference Call Participants George Tong - Goldman Sachs Tobey Sommer - Truist Securities Operator Hello, and welcome to the Brink's Company Second Quarter 2023 Earnings Call. This morning Brink's issued a press release detailing its second quarter 2023 results. The com ...

Second-Quarter 2023 Earnings Safe Harbor Statements and Non-GAAP Results These materials contain forward-looking information. Words such as "anticipate," "assume," "estimate," "expect," “target” "project," “model”, "predict," "intend," "plan," "believe," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in these materials includes, but is not limited to, information regarding: 2023 outlook, including revenue, operating profit, adjusted ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-09148 THE BRINK'S COMPANY (Exact name of registrant as specified in its charter) Virginia (Stateorotherjurisdictionof incor ...

The Brink's Company (NYSE:BCO) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Jesse Jenkins - VP, IR Mark Eubanks - CEO Kurt McMaken - CFO Conference Call Participants George Tong - Goldman Sachs Jasper Bibb - Truist Securities Operator Welcome to the Brink's Company's First Quarter 2023 Earnings Call. This morning, Brink's issued a press release detailing its first quarter 2023 results. The company also filed an 8-K that includes the release and the slides that will be used i ...

First-Quarter 2023 Earnings May 10, 2023 Safe Harbor Statements and Non-GAAP Results These materials contain forward-looking information. Words such as "anticipate," "assume," "estimate," "expect," "target" "project," "model", "predict," "intend," "plan," "believe," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in these materials includes, but is not limited to, information regarding: 2023 outlook, including revenue, operating prof ...