Core Insights - The Brink's Company reported strong first-quarter results with revenue at the upper end of guidance, achieving a total growth of 1% and organic growth of 6% [1][2] - Significant organic growth was noted in ATM managed services (AMS) and digital retail solutions (DRS), exceeding 20% [1][2] - The company has repurchased over 1.3 million shares year-to-date, nearly three times the amount from the previous year [1][2] Financial Performance - First-quarter revenue reached $1,247 million, reflecting a 1% increase year-over-year, with a 6% increase in constant currency [3][14] - Operating profit was reported at $119 million, a decrease of 1% compared to the previous year, while adjusted EBITDA was $215 million, a slight decrease of 1% [3][14] - Earnings per share (EPS) increased by 9% to $1.19, while non-GAAP EPS decreased by 2% to $1.62 [3][14] Segment Performance - North America revenue increased by 3% to $418 million, while Latin America saw a decline of 8% to $308 million [14] - Europe reported a 3% increase in revenue to $299 million, and the Rest of World segment grew by 9% to $222 million [14] - Operating profit in North America increased by 10% to $53 million, while Latin America experienced a decline of 14% to $54 million [14] Guidance and Strategic Outlook - The company affirmed its 2025 framework and introduced second-quarter 2025 guidance, projecting revenue between $1,250 million and $1,300 million [4][5] - Management anticipates mid-single-digit organic revenue growth for 2025, with AMS and DRS expected to grow in the mid to high teens [5] - The adjusted EBITDA margin is expected to expand by 30-50 basis points, with free cash flow conversion projected at 40-45% [5] Shareholder Returns - The company has accelerated share repurchases, totaling over $110 million year-to-date, and plans to return over 50% of free cash flow to shareholders [2][5] - The focus remains on improving profitability through growth in AMS and DRS, streamlining operations, and adhering to capital allocation priorities [2][5]

Group 1 - The Brink's Company declared a regular quarterly dividend of $0.255 per share, marking a 5% increase [1] - The dividend is scheduled to be paid on June 2, 2025, to shareholders of record on May 19, 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's customer base includes financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations [2] - Brink's operates in 51 countries and serves customers in over 100 countries [2]

Core Viewpoint - The Brink's Company will host a conference call on May 12, 2025, to discuss its first-quarter financial results, which will be released after market close [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 call and can pre-register for a direct dial-in number [2]. - A replay of the call will be available until May 19, 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].

Core Viewpoint - The Brink's Company will host a conference call on May 12, 2025, to discuss its first-quarter financial results, which will be released after market close [1]. Group 1: Conference Call Details - The conference call is scheduled for May 12, 2025, at 4:30 p.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]. - The call will also be accessible via live webcast [2]. Group 2: Replay Information - A replay of the conference call will be available until May 19, 2025, through specific U.S. and international numbers [3]. - The conference number for the replay is 1476523 [3]. - A webcast replay will be available on the Brink's Investor Relations site in the Events section [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, jewelers, and other commercial operations [4]. - Brink's operates in 51 countries and serves customers in over 100 countries [4].

Have you looked into how Brink's (BCO) performed internationally during the quarter ending December 2024? Considering the widespread global presence of this armored car company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great impo ...

Financial Performance - Revenues for 2024 increased by $137.3 million to $5,011.9 million, representing a 3% growth compared to 2023, driven by organic increases in Latin America, Europe, North America, and Rest of World segments [159]. - Operating profit for 2024 rose to $453.0 million, a 7% increase from $425.2 million in 2023, with an operating profit margin improving from 8.7% to 9.0% [159]. - Non-GAAP operating profit increased by $14.4 million to $629.4 million, maintaining a non-GAAP operating profit margin of 12.6% [167]. - Income from continuing operations attributable to Brink's shareholders increased by $75.8 million to $161.8 million, with diluted EPS from continuing operations rising to $3.61, up from $1.83 in 2023 [163]. - Adjusted EBITDA for 2024 increased by 5% to $911.9 million, primarily due to the increase in non-GAAP operating profit [168]. - Non-GAAP operating profit for 2024 was $629.4 million, up from $615.0 million in 2023, reflecting a year-over-year increase of 2.3% [230]. - Non-GAAP diluted earnings per share (EPS) from continuing operations attributable to Brink's common shareholders for 2024 was $321.4 million, compared to $344.6 million in 2023, indicating a decrease of 6.3% [233]. - Adjusted EBITDA for 2024 reached $911.9 million, an increase from $867.2 million in 2023, representing a growth of 5.2% [233]. - GAAP pre-tax income for 2024 was $266.3 million, with an effective income tax rate of 34.8% [230]. Revenue Breakdown - Revenues in Latin America saw a significant organic increase of $461.8 million, while the unfavorable impact of currency exchange rates was $487.8 million, primarily due to the Argentine peso [162]. - North America segment revenues increased by 3% to $1,649.7 million, while Latin America segment revenues decreased by 2% to $1,311.0 million due to currency impacts [170]. - Revenues in North America increased by 3% ($48.6 million), driven by a 2% organic increase ($36.6 million) and acquisitions contributing $13.9 million, despite a $1.9 million negative impact from currency exchange rates [174]. - Latin America experienced a revenue decrease of 2% ($21.3 million), primarily due to unfavorable currency exchange rates ($485.3 million), offset by a significant 35% organic increase ($461.8 million) [176]. - Europe saw an 8% revenue increase ($90.6 million), with a 7% organic increase ($82.3 million) and acquisitions adding $7.6 million, mainly due to price increases and growth in AMS and DRS revenue [178]. - The Rest of World segment reported a 2% revenue increase ($19.4 million), attributed to a 3% organic increase ($20.7 million) driven by AMS and DRS growth [180]. Expenses and Costs - Selling, general and administrative expenses rose by 21.3% to $834.5 million, mainly due to organic increases in labor and administrative costs [162]. - The corporate expenses increased by 3% to $(143.4) million, reflecting higher costs on an organic basis [170]. - Corporate expenses rose by $3.8 million in 2024, primarily due to higher net compensation costs, including share-based compensation and bonus accruals [184]. - The company recognized $35.0 million in pretax charges related to Argentina's highly inflationary accounting in 2024, including currency remeasurement losses of $18.4 million [195]. - Transformation initiatives incurred $28.4 million in expenses in 2024, aimed at accelerating growth and driving margin expansion through business model transformation [196]. - The company accrued $45.7 million in connection with DOJ and FinCEN investigations in 2024, primarily related to compliance issues [197]. Cash Flow and Capital Expenditures - Cash flows from operating activities decreased by $276.4 million in 2024, totaling $426.0 million, primarily due to changes in customer obligations and higher tax and interest payments [247][249]. - Capital expenditures increased to $222.5 million in 2024 from $202.7 million in 2023, reflecting ongoing investments in business infrastructure [251]. - The company reported a free cash flow before dividends of $399.9 million in 2024, which was relatively flat compared to $400.1 million in 2023 [251]. - Cash used in investing activities increased by $36.4 million in 2024, totaling $216.2 million, primarily due to higher capital expenditures and acquisitions [253]. - Cash flows from financing activities improved by $249.3 million in 2024, resulting in net cash provided of $42.2 million compared to net cash used of $207.1 million in 2023 [260]. Debt and Financing - Total debt as of December 31, 2024, was $3,896.2 million, an increase of $364.9 million from $3,531.3 million in 2023 [265]. - Debt as a percentage of capitalization rose to 93% in 2024, up from 87% in 2023 [263]. - The company had $600 million available under its Revolving Credit Facility as of December 31, 2024 [270]. - The company financed its liquidity needs in 2024 through debt and cash flows from operations, highlighting a reliance on external financing [247]. Shareholder Returns - The company repurchased $203.6 million in common stock in 2024, an increase of $33.7 million from $169.9 million in 2023 [260]. - Dividends paid to shareholders increased to $41.8 million in 2024, up from $39.6 million in 2023, reflecting a dividend of $0.9475 per share [261]. - The company authorized a $500 million share repurchase program in November 2023, set to expire on December 31, 2025 [276]. Tax and Compliance - The effective income tax rate on continuing operations in 2024 was 34.8%, significantly higher than the U.S. statutory rate of 21% due to geographical earnings mix and nondeductible expenses [211]. - Non-GAAP effective income tax rate for 2024 was 23.2%, down from 24.8% in 2023 [230]. - The company agreed to pay a total of $42 million to resolve investigations related to anti-money laundering compliance, with payments starting in January 2025 [295]. Pension and Employee Benefits - The primary U.S. pension plan's ending funded status is projected to improve from $(10.9) million in 2024 to $49.0 million by 2029 [282]. - The company does not expect to make contributions to the primary U.S. pension plan until 2027, based on current assumptions [284]. - The expected-return-on-assets assumption for the primary U.S. pension plan is set at 7.00% for both actual 2024 and projected 2025 expenses, while the UMWA retiree medical plans are set at 8.00% for the same periods [333].

The Brink's Company (NYSE:BCO) Q4 2024 Earnings Conference Call February 26, 2025 9:00 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 Sam Kusswurm – William Blair Tyler Barishaw – Truist Operator Good day, and welcome to The Brink's Company Fourth Quarter and Full Year 2024 Earnings Presentation. All participants will be in a listen-only mode. P ...

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: First Quarter 2025 outlook, including revenue, adjusted EBITDA, adjusted EBITDA margin, and earnings per share and the drivers there ...

Brink's (BCO) reported $1.26 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 1.4%. EPS of $2.12 for the same period compares to $2.76 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.24 billion, representing a surprise of +1.81%. The company delivered an EPS surprise of +18.44%, with the consensus EPS estimate being $1.79.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

分组1 - Brink's reported quarterly earnings of $2.12 per share, exceeding the Zacks Consensus Estimate of $1.79 per share, but down from $2.76 per share a year ago, representing an earnings surprise of 18.44% [1] - The company posted revenues of $1.26 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.81%, and showing a slight increase 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 two times [2] 分组2 - The stock has gained approximately 1.8% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.36 on revenues of $1.23 billion, and for the current fiscal year, it is $7.02 on revenues of $4.99 billion [7] 分组3 - The estimate revisions trend for Brink's is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] - The Outsourcing industry, to which Brink's belongs, is currently ranked in the bottom 12% of over 250 Zacks industries, which may negatively impact stock performance [8]