Brink(BCO)
Search documents
Brink(BCO) - 2021 Q1 - Quarterly Report
2021-04-27 16:00
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 March 31, 2021 ☐ 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 54-1317776 (State or other juris ...
Brink(BCO) - 2020 Q4 - Annual Report
2021-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ 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 (State or other ...
Brink(BCO) - 2020 Q4 - Earnings Call Transcript
2021-02-23 19:45
The Brink's Company (NYSE:BCO) Q4 2020 Earnings Conference Call February 23, 2021 8:30 AM ET Company Participants Ed Cunningham - Vice President-Investor Relations and Corporate Communications Doug Pertz - Chief Executive Officer Ron Domanico - Chief Financial Officer Conference Call Participants Tobey Sommer - Truist Securities Sam England - Berenberg Capital Markets Jeff Kessler - Imperial Capital Operator Welcome to The Brink's Company's Fourth Quarter 2020 Earnings Call. Brink's issued a press release o ...
Brink(BCO) - 2020 Q3 - Earnings Call Transcript
2020-10-30 20:41
The Brink's Company (NYSE:BCO) Q3 2020 Earnings Conference Call October 29, 2020 8:30 AM ET Company Participants Ed Cunningham - Vice President-Investor Relations and Corporate Communications Doug Pertz - Chief Executive Officer Ron Domanico - Chief Financial Officer Conference Call Participants George Tong - Goldman Sachs Jasper Bibb - Truist Securities Jeff Kessler - Imperial Capital Sam England - Berenberg Capital Markets Operator Welcome to The Brink's Company's Third Quarter 2020 Earnings Call. Brink's ...
Brink(BCO) - 2020 Q3 - Quarterly Report
2020-10-29 19:46
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 September 30, 2020 ☐ 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 54-1317776 (State or other j ...
Brink(BCO) - 2020 Q2 - Earnings Call Transcript
2020-07-29 20:48
Financial Data and Key Metrics Changes - The company reported a second quarter operating profit of $73 million, with an operating margin of 8.9%, down from 9.7% in the previous year, primarily due to a negative currency translation impact of $18 million [9][20][34] - Revenue for the second quarter was $826 million, a decline of 10% year-over-year, but flat on a constant currency basis, with organic revenue down 17% [19][33] - Adjusted EBITDA fell 6% to $125 million, reflecting a margin rate of 15.2%, which is an increase of 60 basis points compared to the same quarter last year [20][34] Business Line Data and Key Metrics Changes - The G4S acquisition contributed positively to the second quarter results, with $20 million of annualized synergies expected to be fully realized in 2021 [11][51] - The company experienced a 50% recovery in revenue from April to June, with total company revenue down 20% in April and up 3% in June [10][22] - U.S. revenue improved from a 24% decline in April to an 11% decline in June, indicating a strong recovery trend [10][24] Market Data and Key Metrics Changes - The company noted that cash in circulation has increased sharply since the onset of the pandemic, with annual growth rates between 5% and 7%, which is higher than historical rates [29][30] - The recovery in revenue was more pronounced in Europe and parts of Asia compared to the U.S., with European markets showing stronger recovery trends [66][68] Company Strategy and Development Direction - The company is focused on three priorities during the COVID-19 crisis: ensuring employee safety, protecting the business through cost reductions, and positioning for stronger growth post-crisis [16][18] - The company aims to achieve sustainable fixed cost reductions that will enhance margin leverage as revenue increases, with a target EBITDA margin improvement in 2021 [62][64] - The rollout of the company's strategy 2.0 initiatives is expected to provide additional revenue and margin growth opportunities [54][52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the revenue recovery, projecting that full-year 2021 revenue could recover to around 100% of 2019 levels or potentially higher [15][51] - The company acknowledged uncertainties regarding the pandemic's impact but emphasized that aggressive cost reductions and the G4S acquisition would support future profitability [47][52] - Management highlighted the stability of their customer base, particularly in financial institutions and essential retail, which has limited downside exposure during the pandemic [13][14] Other Important Information - The company expanded its liquidity to over $1.3 billion and amended debt covenants through the first quarter of 2024 to address investor concerns [11][45] - The company expects to maintain its quarterly dividends and has a strong credit rating, indicating resilience during the pandemic [45][46] Q&A Session Summary Question: Revenue trends since June - Management indicated that while specific revenue data post-June is not available, continued re-openings suggest additional revenue increases [57][58] Question: Cost actions and their impact on long-term EBITDA margins - Management elaborated that the $85 million in annualized savings includes sustainable fixed cost reductions, which will enhance long-term EBITDA margins [60][62] Question: Comparison of recovery in different regions - Management acknowledged that recovery has been stronger in Europe and parts of Asia compared to the U.S., but emphasized the overall positive trend in revenue recovery [66][68]