Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Brink's (BCO) Stock Analysis - Brink's (BCO) has shown a four-week price change of 10.9%, indicating growing investor interest [3] - Over the past 12 weeks, BCO's stock gained 18.6%, with a beta of 1.46, suggesting it moves 46% more than the market [4] - BCO has a Momentum Score of B, indicating a favorable time to invest [5] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [6] - BCO is trading at a Price-to-Sales ratio of 0.87, suggesting it is undervalued at 87 cents for each dollar of sales [6] Group 3: Additional Investment Opportunities - Besides BCO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Zacks offers over 45 Premium Screens tailored to different investing styles to help identify winning stock picks [8]

Financial Data and Key Metrics Changes - The company reported total revenue of approximately $1.3 billion, reflecting a 4% increase, with 5% organic growth partially offset by currency fluctuations [22] - Adjusted EBITDA increased by 3% in total and 5% on a constant currency basis to $232 million, with record operating margins of 12.6% [22][6] - Earnings per share (EPS) was $1.79, flat compared to the prior year, with a diluted share count reduction of 6% year over year [22][7] Business Line Data and Key Metrics Changes - The ATM Managed Services and Digital Retail Solutions (AMS DRS) segment experienced 16% organic growth, while the North America segment saw a 5% increase, marking the fastest growth rate in nine quarters [5][6] - The Cash and Valuables Management (CVM) business had stable organic growth of 1% year over year, impacted by the conversion of traditional customers to AMS DRS [18][19] Market Data and Key Metrics Changes - The company noted record transactions and cash dispensed in major geographies, including North America, contributing to the strong performance in AMS [12] - The total addressable market for AMS and DRS is estimated to be two to three times the existing traditional market, indicating significant growth potential [17] Company Strategy and Development Direction - The company is focused on delivering organic revenue growth primarily from higher margin subscription-based services of AMS and DRS, with expectations for margin expansion in the second half of the year [8][9] - Strategic investments, including a partnership with KAL, aim to enhance AMS capabilities and expand the customer base [12][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver accelerating margin expansion and EBITDA growth, supported by strong performance in AMS and DRS [33][31] - The company anticipates continued robust growth in the second half of the year, with expectations for revenue and EBITDA increases for the full year [8][29] Other Important Information - The company has allocated $130 million year to date for share repurchases, with a remaining capacity of $166 million under the program [10][11] - Free cash flow generation improved, with $102 million delivered in Q2, and a year-to-date increase of $36 million [7][9] Q&A Session Summary Question: What factors contributed to the adjusted EBITDA margin exceeding guidance? - Management highlighted strong organic growth, productivity improvements, and a favorable revenue mix as key contributors, with adjustments for fewer workdays and lapping of previous equipment sales [38][40][43] Question: How does the company expect AMS and DRS growth to trend in the second half of the year? - Management indicated that while growth may be lumpy due to large customer rollouts, they expect acceleration in both AMS and DRS, aligning with the upper end of their guidance [46][47][70] Question: How did the Cash and Valuables Management (CVM) business perform in Q2? - The CVM segment saw a moderate growth rate, reverting to mid-single digits, with expectations for continued performance in line with this range [49][71] Question: What internal initiatives are being taken to push customers towards AMS and DRS? - The company is focusing on enhancing value propositions and improving communication to attract customers to AMS and DRS, while still maintaining a strong CVM business [56][58] Question: What are the expectations for the North America segment in the second half of the year? - Management expects continued upward trajectory in North America, supported by a robust pipeline in AMS and DRS, along with healthy performance in Global Services [64]

Financial Data and Key Metrics Changes - The company reported revenue of approximately $1.3 billion, an increase of 4% with 5% organic growth, partially offset by currency effects [23] - Adjusted EBITDA was up 3% in total and 5% on a constant currency basis to $232 million, with record operating margins of 12.6% [23][24] - Earnings per share (EPS) of $1.79 was flat compared to the prior year, with a diluted share count reduction of 6% year over year [24][26] - Free cash flow for Q2 was $102 million, a year-to-date increase of $36 million, with a conversion rate of 48% of adjusted EBITDA [7][10] Business Line Data and Key Metrics Changes - The ATM Managed Services and Digital Retail Solutions (AMS DRS) segment experienced 16% organic growth, while the North America segment grew by 5%, marking the fastest growth rate in nine quarters [5][6] - The Cash and Valuables Management (CVM) business saw stable organic growth of 1% year over year, impacted by the conversion of traditional customers to AMS DRS [19][20] - The company expects continued strong growth in AMS and DRS, with a robust pipeline and record installations in the quarter [21][60] Market Data and Key Metrics Changes - The total addressable market for AMS is estimated to be around $8 billion, with potential for significant expansion if banks outsource their ATM networks [17][18] - The company noted that the current cash logistics market is valued at $28 billion, indicating substantial growth opportunities in both AMS and DRS [17] Company Strategy and Development Direction - The company is focused on delivering organic revenue growth primarily from higher margin subscription-based services of AMS and DRS, with expectations for margin expansion in the second half of the year [8][9] - Strategic investments, including a partnership with KAL, aim to enhance AMS capabilities and expand the customer base [13][28] - The company is committed to maximizing shareholder value through disciplined capital allocation, including a share repurchase program [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver accelerated margin expansion and EBITDA growth, supported by strong performance in AMS and DRS [32][31] - The company anticipates a strong second half of the year, with expectations for revenue and EBITDA increases based on first half performance [30][31] Other Important Information - The company has reduced its share count by 4% year to date through its share repurchase program, with remaining capacity of $166 million [12][28] - The effective tax rate increased to 28%, primarily due to the lapping impact of one-time tax benefits from the prior year [26] Q&A Session Summary Question: Adjusted EBITDA margin performance - Management noted that strong organic growth and productivity improvements contributed to the higher adjusted EBITDA margin, exceeding guidance [37][38] Question: AMS DRS growth expectations - Management indicated that while they are guiding for high teens growth, they expect acceleration in the second half due to large customer rollouts and previous equipment sales lapping [46][47] Question: BGS performance and tariff impact - The BGS business moderated to mid-single digit growth in Q2, with expectations for similar performance in the near term due to tariff-related volatility [50] Question: Internal initiatives for AMS and DRS - The company is focusing on pulling customers towards AMS and DRS by enhancing value propositions, rather than pushing them away from CVM [55][57] Question: North America segment expectations - Management expects continued upward trajectory in the North America segment, supported by a strong pipeline in AMS and DRS [63] Question: Differentiation in growth between AMS and DRS - Management stated that both segments are expected to grow at balanced rates, with visibility into booked business and sales velocity supporting this outlook [67][69] Question: CVM growth rate catalysts - Management noted that the BGS business could drive CVM growth, while conversions to AMS DRS could also positively impact overall growth rates [71][72]

分组1 - Brink's reported quarterly earnings of $1.79 per share, exceeding the Zacks Consensus Estimate of $1.43 per share, and showing an increase from $1.67 per share a year ago, resulting in an earnings surprise of +25.17% [1] - The company achieved revenues of $1.3 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.16% and increasing from $1.25 billion year-over-year [2] - Over the last four quarters, Brink's has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] 分组2 - The stock has underperformed the market, losing about 4.4% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The current consensus EPS estimate for the coming quarter is $1.92 on revenues of $1.3 billion, and for the current fiscal year, it is $7.35 on revenues of $5.14 billion [7] - The Zacks Industry Rank indicates that the Outsourcing industry is currently in the bottom 33% of over 250 Zacks industries, which may impact Brink's stock performance [8]

Financial Performance & Growth Strategy - Brink's aims to grow organically by expanding ATM Managed Services (AMS) and Digital Retail Solutions (DRS) subscription-based recurring revenue[10] - The company is targeting mid-to-high teens organic growth in AMS/DRS over the mid-term[27, 28] - Brink's expects to expand profit margins by shifting revenue to AMS/DRS and driving cost productivity[10] - The company is focused on improving free cash flow conversion by expanding profit margins, reducing capital intensity, and shortening the cash cycle[10] - Brink's aims to maximize shareholder value through accretive capital allocation, targeting at least 50% of free cash flow to shareholder returns[11, 38] AMS/DRS Expansion & Market Opportunity - AMS/DRS expands Brink's addressable market by 2-3x, targeting retailers with over $5,000 cash per month and the remaining bank ATMs to be outsourced[17] - The company's network optimization with conversion to AMS/DRS results in reduced miles driven and process efficiency[22] - AMS/DRS is delivering growth and margin improvement, with AMS/DRS projected to be 24% of total revenue in 2025, up from 10% in 2020[24] 2025 Outlook - For the second quarter of 2025, Brink's projects total revenue between $1.25 billion and $1.3 billion, with organic growth of 3%-6%[47] - The adjusted EBITDA for Q2 2025 is expected to be between $205 million and $225 million, with a margin of approximately 16.9%[47] - The company anticipates earnings per share (EPS) for Q2 2025 to be in the range of $1.25 to $1.65[47]

[Part I - Financial Information](index=2&type=section&id=Part%20I%20-%20Financial%20Information) This section presents the company's unaudited condensed consolidated financial statements, management's discussion and analysis, market risk disclosures, and internal controls for the reporting period [Item 1. Financial Statements](index=2&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements and accompanying notes for the quarterly period ended June 30, 2025 [Condensed Consolidated Balance Sheets](index=2&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets and liabilities increased as of June 30, 2025, with total equity also showing growth compared to year-end 2024 Balance Sheet Summary (in millions) | Balance Sheet Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $3,072.5 | $2,887.9 | | **Total Assets** | **$7,086.0** | **$6,623.1** | | **Total Current Liabilities** | $2,035.1 | $1,898.4 | | **Total Liabilities** | **$6,700.9** | **$6,310.6** | | **Total Equity** | **$385.1** | **$312.5** | [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 revenues and operating profit increased year-over-year, while net income attributable to Brink's slightly decreased Q2 Financial Performance (in millions, except EPS) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Revenues | $1,300.5 | $1,253.1 | | Operating Profit | $133.9 | $116.0 | | Net Income attributable to Brink's | $43.7 | $46.2 | | Diluted EPS | $1.03 | $1.02 | Six-Month Financial Performance (in millions, except EPS) | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Revenues | $2,547.2 | $2,489.2 | | Operating Profit | $253.0 | $236.9 | | Net Income attributable to Brink's | $95.3 | $95.5 | | Diluted EPS | $2.22 | $2.11 | - Cash dividends paid per common share increased to **$0.2550** in Q2 2025 from $0.2425 in Q2 2024[10](index=10&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities significantly improved in H1 2025, while cash used in investing and financing activities increased Six-Month Cash Flow Summary (in millions) | Cash Flow Activity | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $143.8 | $(2.2) | | Net Cash used in Investing Activities | $(157.6) | $(116.4) | | Net Cash (used in) from Financing Activities | $(38.1) | $99.1 | - The company repurchased **$130.0 million** of its common stock in the first six months of 2025, nearly double the $65.7 million repurchased in the same period of 2024[23](index=23&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations of accounting policies, financial data, and significant disclosures, including operations in Argentina - The company operates in four segments: North America, Latin America, Europe, and Rest of World[24](index=24&type=chunk)[31](index=31&type=chunk) - Argentina's economy was designated as highly inflationary, resulting in a **$14.1 million** pretax remeasurement loss in the first six months of 2025[34](index=34&type=chunk) - A prior period overstatement of depreciation related to Brink's Argentina was corrected, leading to a **$13.6 million** increase to Q2 2025 net income[37](index=37&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=38&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes the company's financial performance, condition, liquidity, and capital resources, including consolidated and segment-level results [Results of Operations](index=39&type=section&id=Results%20of%20Operations) Q2 2025 consolidated revenues increased by 4% year-over-year, with operating profit rising 15% and margin expanding to 10.3% Q2 2025 vs Q2 2024 Consolidated Performance | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | **GAAP Revenues** | $1,300.5M | $1,253.1M | 4% | | **GAAP Operating Profit** | $133.9M | $116.0M | 15% | | **GAAP Operating Margin** | 10.3% | 9.3% | 11% | | **Non-GAAP Operating Profit** | $164.5M | $155.6M | 6% | | **Adjusted EBITDA** | $232.0M | $225.9M | 3% | - Q2 2025 organic revenue growth of **5%** was primarily due to inflation-based price increases and growth in AMS and DRS revenue[170](index=170&type=chunk) Q2 2025 Operating Profit Change by Segment (in millions) | Segment | Q2 2024 Profit | Organic Change | Currency Effect | Q2 2025 Profit | | :--- | :--- | :--- | :--- | :--- | | North America | $51.7 | +$10.6 | $0.0 | $62.3 | | Latin America | $63.2 | -$2.6 | -$7.6 | $55.0 | | Europe | $32.2 | +$5.7 | +$2.1 | $39.5 | | Rest of World | $39.0 | +$1.3 | +$0.9 | $41.2 | [Liquidity and Capital Resources](index=54&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is supported by improved operating cash flow, while net debt increased to fund corporate purposes and working capital - Free cash flow before dividends (non-GAAP) improved to a use of **$0.4 million** in H1 2025 from a use of $36.8 million in H1 2024[253](index=253&type=chunk)[255](index=255&type=chunk) Net Debt Reconciliation (in millions) | Component | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Total Debt | $4,123.1 | $3,896.2 | | Less: Cash & equivalents available | $1,265.6 | $1,314.0 | | **Net Debt** | **$2,857.5** | **$2,582.2** | - As of June 30, 2025, **$373 million** was available under the Revolving Credit Facility[267](index=267&type=chunk) - Under the 2023 Share Repurchase Program, **$166 million** remained available as of June 30, 2025[272](index=272&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=61&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risks from interest rates, foreign currency, and commodity prices, reporting no material changes in H1 2025 - The company reports no material change in its market risk exposures, which include interest rates, foreign currency, and commodity prices, in the six months ended June 30, 2025[287](index=287&type=chunk) [Item 4. Controls and Procedures](index=61&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period[288](index=288&type=chunk) - No material changes to the internal control over financial reporting were identified during the quarter ended June 30, 2025[289](index=289&type=chunk) [Part II - Other Information](index=64&type=section&id=Part%20II%20-%20Other%20Information) This section provides additional information on legal proceedings, risk factors, and equity security sales and use of proceeds [Item 1. Legal Proceedings](index=64&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 13 for details on legal proceedings, including an ongoing antitrust investigation in Chile - For details on legal proceedings, the report refers to Note 13, which discusses the Chilean antitrust matter[294](index=294&type=chunk)[163](index=163&type=chunk) [Item 1A. Risk Factors](index=64&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's 2024 Annual Report on Form 10-K - There have been no material changes in risk factors from those disclosed in the 2024 Form 10-K[295](index=295&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=64&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details common stock repurchases during Q2 2025, part of a $500 million program authorized in November 2023 Share Repurchases for Q2 2025 | Period | Shares Purchased | Average Price Paid | | :--- | :--- | :--- | | April 2025 | 607,650 | $87.11 | | May 2025 | 266,136 | $90.00 | | June 2025 | 96,781 | $85.70 | - The repurchases were made under a **$500 million** share repurchase program approved in November 2023, set to expire on December 31, 2025[296](index=296&type=chunk)

BRINK'S CORPORATE The Brink's Company 1801 Bayberry Court Richmond, VA 23226-8100 USA Contact: Investor Relations 804.289.9709 Brink's Delivers Strong Second-Quarter Results Exceeding Top End of Guidance for Revenue, Operating Profit, and EBITDA Record Second-Quarter Operating Profit Margin as AMS/DRS Continue to Gain Momentum Increasing Full-Year 2025 Revenue and EBITDA Expectations RICHMOND, Va., August 6, 2025 – The Brink's Company (NYSE:BCO), a leading global provider of cash and valuables management, d ...

Core Viewpoint - The Brink's Company will host a conference call on August 6, 2025, to discuss its second-quarter financial results, which will be released earlier that morning [1]. Group 1: Conference Call Details - The conference call can be accessed by calling 888-349-0094 (U.S.) or 412-902-0124 (international) [2]. - Participants are encouraged to join at least five minutes prior to the start of the call and can pre-register for a direct dial-in number [2]. - A replay of the call will be available until August 13, 2025, with specific numbers provided for U.S. and international listeners [3]. Group 2: Company Overview - The Brink's Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services [4]. - The company serves a diverse customer base, including financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations [4]. - Brink's operates in 51 countries and serves customers in over 100 countries [4].

RICHMOND, Va., July 10, 2025 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions (DRS), and ATM managed services (AMS), today announced its feature in CBS News’ acclaimed Economy 4.0 documentary series which highlights innovative industry leaders shaping the future of business through technology, adaptability, and forward-thinking strategies. The documentary showcases Brink’s ability to blend traditional cash and valuables ...

New CBS documentary showcases Brink’s ability to blend traditional cash and valuables handling with cutting edge digital innovationRICHMOND, Va., July 10, 2025 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions (DRS), and ATM managed services (AMS), today announced its feature in CBS News’ acclaimed Economy 4.0 documentary series which highlights innovative industry leaders shaping the future of business through technology ...