Second-Quarter 2024 Earnings August 7, 2024 Safe Harbor Statements and Non-GAAP Results 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: 2024 outlook, including revenue, adjusted EB ...

Brink's (BCO) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.61%. A quarter ago, it was expected that this armored car company would post earnings of $1.23 per share when it actually produced earnings of $1.52, delivering a surprise of 23.58%.Over the last four quarters, the compa ...

Financial Performance - Consolidated revenues for Q2 2024 increased by $36.9 million to $1,253.1 million, a 3% increase compared to Q2 2023, driven by organic growth in Latin America, Europe, North America, and Rest of World [171]. - Operating profit for Q2 2024 rose by $10.4 million to $116.0 million, a 10% increase year-over-year, primarily due to organic growth in Latin America and North America [173]. - Income from continuing operations attributable to Brink's shareholders increased by $14.1 million to $46.3 million, resulting in diluted EPS of $1.03, up 51% from $0.68 in Q2 2023 [174]. - For the first half of 2024, revenues increased by $87.6 million to $2,489.2 million, a 4% increase compared to the first half of 2023, with organic growth primarily in Latin America [175]. - Non-GAAP operating profit for Q2 2024 increased by $23.8 million to $155.6 million, an 18% increase year-over-year, reflecting strong performance across segments [178]. - Non-GAAP income from continuing operations attributable to Brink's shareholders rose by $15.2 million to $75.4 million, with diluted EPS increasing to $1.67 from $1.27 in Q2 2023 [179]. - Non-GAAP adjusted EBITDA for Q2 2024 increased by 16% to $225.9 million, driven by higher operating profit [179]. - Total segment revenues for 2Q'24 reached $1,253.1 million, a 3% increase from the previous year, with a 14% organic growth [184]. - Non-GAAP net income for Q2 2024 was $155.6 million, compared to $131.8 million in Q2 2023, reflecting a year-over-year increase of 17.9% [237]. - The company’s GAAP operating profit for Q2 2024 was $116.0 million, an increase from $105.6 million in Q2 2023 [237]. - GAAP net income from continuing operations attributable to Brink's for Q2 2024 was $46.3 million, compared to $32.2 million in Q2 2023, representing a 43.5% increase [239]. Revenue Growth by Region - North America revenues increased by 4% ($14.6 million) due to a 3% organic increase ($10.4 million) and acquisitions impact of $4.8 million [186]. - Latin America revenues decreased by 1% ($2.2 million) primarily due to unfavorable currency exchange rates ($128.9 million), offset by a 38% organic increase ($126.7 million) [187]. - Europe revenues increased by 8% ($23.8 million) driven by a 9% organic increase ($25.6 million) and acquisitions impact of $1.9 million [188]. - Rest of World revenues increased by $0.7 million due to a 2% organic increase ($4.0 million), partially offset by unfavorable currency exchange rates ($3.3 million) [189]. Currency and Exchange Impact - The unfavorable impact of currency exchange rates was $136.5 million in Q2 2024, primarily due to the Argentine peso [172]. - The company reported transaction gains of $7.2 million in Q2 2024, compared to a loss of $14.0 million in Q2 2023, indicating a favorable change [224]. - As of June 30, 2024, the fair value of the cross currency swap contracts was a net liability of $23.4 million, with $5.6 million included in prepaid expenses and $29.0 million in other liabilities [219]. - The company reported a net liability of $34.6 million for currency swaps as of December 31, 2023, with $5.6 million in prepaid expenses and $40.2 million in other liabilities [219]. Operating Expenses and Profitability - Selling, general and administrative expenses increased by 14% to $194.3 million in Q2 2024, mainly due to organic labor cost increases [172]. - Total operating profit for 2Q'24 was $116.0 million, a 10% increase from the previous year, with a 52% organic growth [184]. - North America operating profit increased by 38% ($14.2 million) due to a 37% organic increase ($13.7 million) [186]. - Latin America operating profit decreased by 4% ($2.7 million) primarily due to unfavorable currency exchange rates ($40.9 million), despite a 58% organic increase ($38.2 million) [187]. - Europe operating profit increased by $2.9 million, primarily due to an 11% organic increase ($3.1 million) [188]. Corporate Expenses and Charges - Corporate expenses for the first six months of 2024 decreased by $15.4 million compared to the prior year, mainly due to lower insurance and security losses [198]. - Total recognized charges under the 2022 Global Restructuring Plan amounted to $34.0 million, with expected total expenses between $36 million and $38 million, aiming for annualized cost savings of approximately $60 million [200]. - The company incurred $12.0 million in transformation initiative costs in the first six months of 2024, aimed at accelerating growth and driving margin expansion [205]. - The company recognized $13.0 million in pretax charges related to highly inflationary accounting in Argentina, down from $22.2 million in the same period of 2023 [204]. Cash Flow and Capital Expenditures - Cash flows from operating activities decreased by $107.5 million in the first six months of 2024, resulting in a negative cash flow of $2.2 million compared to a positive cash flow of $105.3 million in the same period of 2023 [241]. - Free cash flow before dividends decreased by $103.7 million in the first six months of 2024, amounting to $(36.8) million compared to $66.9 million in the same period of 2023 [244]. - Capital expenditures increased to $108.9 million in the first six months of 2024, up from $89.4 million in the same period of 2023, marking a 21.9% increase [246]. - Cash used in investing activities decreased by $28.2 million in the first six months of 2024, totaling $(116.4) million compared to $(144.6) million in the same period of 2023 [246]. Debt and Liquidity - Total debt as of June 30, 2024, was $3,747.1 million, up from $3,531.3 million at the end of 2023, reflecting an increase of $215.8 million [254]. - Net debt increased by $205 million to $2,726.0 million as of June 30, 2024, primarily to fund general corporate purposes [255]. - The company financed its liquidity needs in the first six months of 2024 with existing cash from operations and cash flows from long-term debt [240]. - As of June 30, 2024, $950 million was available under the Revolving Credit Facility to meet liquidity needs [256]. Pension and Retirement Plans - The primary U.S. pension plan's beginning funded status was $(24.0) million in 2023, improving to $(10.9) million in the first half of 2024 [262]. - The ending funded status for the primary U.S. pension plan is projected to reach $20.6 million by 2027 and $34.5 million by 2028 [262]. - The UMWA plans had a beginning funded status of $(94.9) million in 2023, with an expected ending status of $(90.0) million by 2028 [264]. - The Black Lung plans had a beginning funded status of $(75.8) million in 2023, projected to improve to $(54.2) million by 2028 [265]. - Payments from Brink's to U.S. retirement plans totaled $7.7 million in 2023, with projections of $9.3 million for FY2024 [268]. Taxation - The provision for income taxes for continuing operations was $22.1 million in Q2 2024, with an effective tax rate of 30.7%, down from 39.9% in Q2 2023 [228]. - The effective income tax rate for YTD 2024 was 28.1%, compared to 24.8% for YTD 2023, indicating an increase of 3.3 percentage points [235]. - Cash payments for income taxes increased to $68.5 million in the first six months of 2024, compared to $54.7 million in the same period of 2023, reflecting a 25.5% increase [243].

Exhibit 99.1 (In millions, except for per share amounts) Second-Quarter 2024 (vs. 2023) IBRINKS P R E S S R E L E A S E Contact: Investor Relations 804.289.9709 BRINK'S CORPORATE The Brink's Company 1801 Bayberry Court Richmond, VA 23226-8100 USA Brink's Announces Strong Second-Quarter Results Record Second-Quarter revenue with growth of 3% Organic revenue growth of 14%, including accelerating AMS/DRS organic growth of 26% GAAP net income up 44% to $46M and adjusted EBITDA up 16% to $226M GAAP EPS up 51% to ...

Wall Street analysts forecast that Brink's (BCO) will report quarterly earnings of $1.42 per share in its upcoming release, pointing to a year-over-year increase of 20.3%. It is anticipated that revenues will amount to $1.25 billion, exhibiting an increase of 3.1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a ...

RICHMOND, Va., July 17, 2024 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, will host a conference call on Wednesday, August 7, at 9:00 a.m. (ET) to review second-quarter 2024 financial results, which will be released earlier that day. The conference call can be accessed by calling 888-349-0094 (in the U.S.) or 412-902-0124 (international). Participants should join at least five minutes prior ...

Sundry Photography In this market, it's truly amazing how fast things can change. Back in late January of this year, I wrote an article about a company called The Brink's Company (NYSE:BCO). If you are reading this article, you almost certainly have seen one of its armored trucks transporting cash. The firm provides ATM managed services, as well as digital retail solutions. This makes it an interesting type of business anyway. But when I reiterated my ‘buy’ rating on the stock earlier this year, I did n ...

RICHMOND, Va., July 11, 2024 (GLOBE NEWSWIRE) -- The board of directors of The Brink’s Company (NYSE:BCO) today declared a regular quarterly dividend of $0.2425 cents per share on the company’s common stock. The dividend is payable on September 3, 2024, to shareholders of record on July 29, 2024. On May 1, 2024, in alignment with its existing capital allocation framework, the Company announced the second consecutive annual double-digit increase to its quarterly dividend. About The Brink’s Company The Brink’ ...

Marat Musabirov Investment summary My recommendation for The Brink’s Company (NYSE:BCO) is a buy rating. BCO is the largest player in the industry, and this gives it a very strong scale advantage against subscale players, which enables it to continuously capture share from them. I don’t see a world where we go totally cash-free (i.e., no cash in circulation), and as such, there will always be demand for the services that BCO provides. Recent financial performance clearly shows that BCO is still growing ...

RICHMOND, Va., June 12, 2024 (GLOBE NEWSWIRE) -- The Brink's Company (NYSE:BCO) (the "Company") today announced that it has closed its previously announced offering of 5-year and 8-year senior unsecured notes in aggregate principal amounts of $400 million and $400 million, respectively. The notes were priced at par, will mature on June 15, 2029 and June 15, 2032, respectively, and bear an annual interest rate of 6.500% and 6.750%, respectively. Kurt McMaken, executive vice president and CFO, said: "We are ...