Financial Data and Key Metrics Changes - The Brink's Company reported total organic growth of 11% in Q4 and 12% for the full year 2024, with EBITDA of $912 million and an EBITDA margin expansion of 40 basis points to 18.2% [7][10][17] - EPS for the year was $7.17, reflecting a 4% reduction in share count year over year due to share repurchase programs [10][17] - Free cash flow for the full year was $400 million, with over $300 million generated in Q4 alone, driven by working capital efficiencies [11][45] Business Line Data and Key Metrics Changes - ATM managed services and digital retail solutions (AMS DRS) grew 23% organically in both Q4 and the full year, now representing 24% of total revenue [7][12][28] - Cash and valuables management (CVM) grew organically by 7% in Q4 and 9% for the full year, while global services showed signs of recovery late in the quarter [8][29] - North America experienced 2% organic growth for the full year, with adjusted EBITDA up 60 basis points [18] Market Data and Key Metrics Changes - Latin America saw a decline of 2% in total revenue due to volatile foreign exchange conditions, but AMS DRS grew double digits organically [19] - Europe achieved 7% organic growth in 2024, with adjusted EBITDA growing slightly faster at 9% [22] Company Strategy and Development Direction - The company is focused on improving revenue mix, streamlining operations, and compounding free cash flow for shareholder returns [12][14] - Plans for 2025 include mid-single-digit organic revenue growth and mid to high teens growth in AMS DRS, with a target of converting 40% to 45% of EBITDA into free cash flow [15][56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth outlook, particularly in AMS DRS and the recovery of global services, despite currency headwinds [7][36] - The company anticipates continued margin expansion and is focused on capital efficiency and operational excellence [14][50] Other Important Information - The company reduced net leverage to 2.8 times EBITDA and returned approximately $250 million to shareholders through repurchases and dividends [14][51] - The introduction of additional guidance for the first quarter aims to provide clarity on the impact of foreign currency fluctuations [56] Q&A Session Summary Question: Growth in cash and valuables management business - Management noted that volumes are improving, particularly due to inflation moderation in Argentina, which aligns with long-term growth trends [62][64] Question: Investments to improve margins in North America - Management highlighted ongoing investments in route optimization technology and cloud migration to enhance scalability and flexibility [68][70] Question: Organic growth assumptions for CIT and VGS businesses - Management indicated that CVM is expected to grow in low single digits, while BGS is anticipated to show positive growth after previous softness [76][79] Question: Impact of FX headwinds on free cash flow - Management acknowledged that FX headwinds could impact margins but expects improvements in free cash flow conversion due to operational efficiencies [90][92] Question: Growth in AMS DRS from legacy conversions versus new business - Management clarified that most growth in DRS comes from new business rather than legacy conversions, with a focus on competitive acquisitions [98][102] Question: Impact of tariffs and economic slowdowns - Management stated that while tariffs have affected global markets, they have not seen significant direct impacts on their business [104][110] Question: Discontinuation of the penny - Management indicated that the potential discontinuation of the penny would not have a meaningful impact on their business operations [112][114]

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]

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].