Revenue and Growth - Brink's reported record revenue of $5,012 million for 2024, representing a 3% increase year-over-year, with organic growth of 12%[1] - Total revenues for 2024 are expected to reach $5,012 million, a 2.8% increase from $4,875 million in 2023[22] - In 2023, total revenues reached $4,874.6 million, with a projected increase to $5,011.9 million in 2024, representing a growth of approximately 2.8%[31] - North America segment revenue increased by 3% to $1,650 million in 2024, while Latin America saw a decrease of 2% to $1,311 million[22] - Latin America revenues decreased from $1,332.3 million in 2023 to a projected $1,311.0 million in 2024, a decline of about 1.6%[31] - Europe revenues are expected to grow from $1,136.8 million in 2023 to $1,227.4 million in 2024, indicating an increase of approximately 8.0%[31] Profitability - Operating profit for the full year was $453 million, a 7% increase, with an operating margin of 9.0%[3] - Operating profit for the full year 2024 is projected at $453 million, a 6.6% increase from $425 million in 2023[22] - Brink's achieved a net income of $163 million for the full year, an 86% increase, and an adjusted EBITDA of $912 million, a 5% increase[3] - Net income for the twelve months ended December 31, 2024, is projected to be $174.7 million, up from $98.3 million in 2023, representing a 77.5% increase[18] - The adjusted EBITDA for 2023 reached $706.5 million, with a notable increase to $784.3 million in 2024, representing a growth of approximately 11%[58] Cash Flow and Investments - The company generated strong cash flow, with cash from operations of $426 million and free cash flow of $400 million in 2024[1] - Operating cash flow decreased to $426.0 million in 2024 from $702.4 million in 2023, a decline of 39.2%[18] - The company reported a net cash used in investing activities of $216.2 million for 2024, compared to $179.8 million in 2023, indicating increased investment activity[18] - Share repurchases are projected to increase from $169.9 million in 2023 to $203.6 million in 2024, reflecting a commitment to returning value to shareholders[18] Future Outlook - For 2025, Brink's expects organic revenue growth in the mid-single digits and mid to high teens for AMS/DRS[12] - The company anticipates adjusted EBITDA margin expansion of 30-50 basis points and free cash flow conversion of 40-45% in 2025[12] Charges and Compliance - Brink's recorded a charge of $38 million in Q4 2024 related to resolutions with DOJ and FinCEN, impacting EPS by $0.86[8] - The company accrued $45.7 million in connection with DOJ and FinCEN investigations in 2024, primarily related to compliance issues[43] - The company recognized $86.8 million in pretax charges related to highly inflationary accounting in Argentina for 2023, with a decrease to $35.0 million in 2024[41] Capital Expenditures - Capital expenditures are expected to rise from $202.7 million in 2023 to $222.5 million in 2024, an increase of 9%[18] - Capital expenditures for 2023 amounted to $202.7 million, with an increase expected to $222.5 million in 2024, reflecting ongoing investment in growth initiatives[63] Non-GAAP and GAAP Results - Non-GAAP operating profit for 2023 was $473.8 million, with a non-GAAP operating profit margin of 24.8%[56] - The non-GAAP results for 2024 are projected to be $435.2 million in operating profit, with a margin of 23.2%[56] - The company reported a full-year GAAP income from continuing operations of $86.0 million for 2023, while non-GAAP income was $344.6 million, indicating a significant improvement[58] - The effective non-GAAP tax rate was 24.8% for 2023 and is projected to be 23.2% for 2024, indicating a favorable tax environment for the company[60] Strategic Initiatives - The company plans to continue expanding its technology-enabled services, including Digital Retail Solutions (DRS) and ATM Managed Services (AMS)[28] - The company plans to continue its transformation initiatives, which contributed $28.4 million to adjusted EBITDA in 2023, highlighting ongoing strategic efforts[58] - The company is focused on market expansion and acquisitions, with a total of $70.6 million in non-GAAP adjustments related to acquisitions and dispositions in 2023[58]

Record 2024 revenue with growth of 3% with organic growth of 12% Continued robust organic growth of 23% in AMS/DRS and 9% in CVMStrong 2024 cash generation with cash from operations of $426M and free cash flow of $400M Reduced net leverage while returning $245M in cash to shareholders RICHMOND, Va., Feb. 26, 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 four ...

Core Insights - Wall Street analysts anticipate Brink's (BCO) to report quarterly earnings of $1.79 per share, reflecting a year-over-year decline of 35.1% [1] - Expected revenues for Brink's are projected at $1.24 billion, which represents a slight decrease of 0.4% compared to the same quarter last year [1] - Over the past 30 days, the consensus EPS estimate has been revised downward by 10.6%, indicating a reassessment of initial forecasts by analysts [1] Revenue Estimates by Geography - Analysts estimate that 'Geographic Revenue- Latin America' will reach $306.55 million, showing a decline of 10.6% from the prior-year quarter [4] - 'Geographic Revenue- North America' is expected to be $416.30 million, indicating a growth of 3% from the previous year [4] - 'Geographic Revenue- Europe' is projected at $313.55 million, reflecting an increase of 6.7% year-over-year [5] - 'Geographic Revenue- Rest of World' is estimated to be $205.10 million, showing a slight increase of 0.5% from the prior-year quarter [5] Stock Performance - Over the past month, Brink's shares have returned -1.8%, compared to a -0.5% change in the Zacks S&P 500 composite [5] - Brink's currently holds a Zacks Rank 5 (Strong Sell), suggesting potential underperformance relative to the overall market in the near future [5]

Core Points - Brink's Global Services USA (BGS USA) reached agreements with the Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN) to resolve investigations related to cross-border currency shipments and compliance with federal money-transmitting laws [1][2] - The company agreed to pay a total of $42 million over three years and has cooperated throughout the investigations, which involved currency shipments from 2018 to 2020 [2][3] - BGS USA will forfeit $50 million to settle criminal allegations of operating as an unlicensed money transmitting business, admitting to illegally transporting money domestically and internationally [6] Financial Penalties - BGS USA will pay a civil money penalty of $37 million for willful violations of the anti-money laundering (AML) law and the Bank Secrecy Act (BSA) [3][4] - The total financial impact of the agreements includes $42 million in penalties and $50 million in forfeiture, amounting to a total of $92 million [2][6] Compliance and Internal Review - Following the DOJ investigation in 2020, the company conducted a thorough internal review and has since enhanced its global Ethics & Compliance program, which was acknowledged by the DOJ [3] - The resolution indicates that BGS USA failed to register as a money services business, develop an effective AML program, and file suspicious activity reports [4][5] Industry Impact - The actions taken by BGS USA highlight the risks associated with inadequate AML controls, which can expose the financial system to money laundering risks, including those related to narcotics trafficking [5]

Core Viewpoint - Brink's Company has resolved investigations related to historical cross-border currency shipments and compliance with federal money-transmitting laws through agreements with the U.S. Department of Justice and FinCEN, involving a total payment of $42 million over three years [1][2]. Group 1: Agreements and Financial Impact - Brink's Global Services USA has entered into a Non-Prosecution Agreement with the DOJ and a Consent Order with FinCEN, agreeing to pay $42 million [2]. - The settlement amounts will be treated as special items and excluded from non-GAAP results, not impacting the previously provided 2024 guidance [4]. Group 2: Compliance Enhancements - Following the DOJ investigation in 2020, Brink's conducted an internal review and enhanced its global Ethics & Compliance program, which was acknowledged by the DOJ [3]. - The company has strengthened its global Ethics & Compliance team and improved its engagement and compliance training program to better protect customers and enhance cash and valuables management services [3]. Group 3: Company Overview - Brink's Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, operating in 52 countries and serving customers in over 100 countries [5].

Core Viewpoint - Brink's Company has reached agreements with the U.S. Department of Justice and FinCEN to resolve investigations related to historical cross-border currency shipments and compliance with federal money-transmitting laws [1][2]. Group 1: Agreements and Financial Implications - Brink's Global Services USA has entered into a Non-Prosecution Agreement with the DOJ and a Consent Order with FinCEN, agreeing to pay a total of $42 million over three years [2]. - The settlement amounts will be treated as special items and excluded from non-GAAP results, not impacting the 2024 financial guidance previously provided [4]. Group 2: Compliance and Operational Enhancements - Brink's has strengthened its global Ethics & Compliance program, expanding the team and enhancing training programs to better protect customers and improve services [3]. - The company conducted a thorough internal review upon learning of the DOJ investigation in 2020, leading to further enhancements acknowledged by the DOJ in the agreement [3]. Group 3: Company Overview - The Brink's Company is a leading global provider of cash and valuables management, serving customers in over 100 countries through operations in 52 countries [5].

Core Viewpoint - The Brink's Company will host a conference call on February 26, 2025, to discuss its fourth-quarter and full-year 2024 financial results, which will be released earlier that day [1]. Group 1: Conference Call Details - The conference call is scheduled for February 26, 2025, at 9:00 a.m. (ET) [1]. - Participants can access the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international) and should join at least five minutes early [2]. - A pre-registration option is available for participants to receive a direct dial-in number [2]. Group 2: Replay Information - A replay of the conference call will be available until March 5, 2025, through specific U.S. and international numbers [3]. - The conference number for the replay is 2378316 [3]. - A webcast replay will also be accessible on the Brink's Investor Relations site [3]. Group 3: Company Overview - The Brink's Company is a 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, and jewelers, operating in 52 countries and serving customers in over 100 countries [4].

Core Viewpoint - The Brink's Company will host a conference call on February 26, 2025, to discuss its fourth-quarter and full-year 2024 financial results, which will be released earlier that day [1]. Group 1: Conference Call Details - The conference call is scheduled for 9:00 a.m. (ET) on February 26, 2025 [1]. - Participants can access the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international) and should join at least five minutes early [2]. - A pre-registration option is available for participants to receive a direct dial-in number [2]. Group 2: Replay Information - A replay of the conference call will be available until March 5, 2025, through specific U.S. and international numbers [3]. - The conference number for the replay is 2378316 [3]. - A webcast replay will also be accessible on the Brink's Investor Relations site [3]. Group 3: 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, and jewelers, operating in 52 countries and serving customers in over 100 countries [4].

Group 1 - The Brink's Company declared a regular quarterly dividend of $0.2425 per share on its common stock [1] - The dividend is scheduled to be payable on March 3, 2025, to shareholders of record on February 3, 2025 [1] Group 2 - The Brink's Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services [2] - The company serves a diverse customer base including financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations [2] - Brink's operates in 52 countries and serves customers in over 100 countries [2]

Core Viewpoint - The Brink's Company has appointed Guillermo Peschard Mijares as executive vice president and president of Brink's Latin America, effective December 2, 2024, aiming to enhance operational excellence and drive growth in the region [1][3]. Group 1: Appointment Details - Guillermo Peschard Mijares will join the executive leadership team and report to Mark Eubanks, the president and CEO of Brink's [1]. - Peschard has a strong background, having served as senior vice president of Global Strategic Cost Transformation at PepsiCo and previously as chief strategy and transformation officer for their Latin American business [2]. Group 2: Strategic Importance - Mark Eubanks highlighted Peschard's proven track record in guiding organizations through transformative growth and operational excellence, which will benefit Brink's during its transformation [3]. - Peschard expressed enthusiasm about joining Brink's, emphasizing the opportunities in Latin America and the commitment to improving operational excellence in partnership with customers and employees [3]. Group 3: Company Overview - The Brink's Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, serving customers in over 100 countries [4]. - The company's clientele includes financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations [4].