Workflow
Brink(BCO)
icon
Search documents
Brink(BCO) - 2024 Q2 - Quarterly Results
2024-08-07 11:02
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 ...
Brink's (BCO) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-08-06 14:20
Core Insights - Brink's (BCO) is expected to report quarterly earnings of $1.42 per share, reflecting a year-over-year increase of 20.3% [1] - Anticipated revenues for the quarter are projected to be $1.25 billion, showing a 3.1% increase compared to the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' projections [1] Revenue Estimates by Geography - Geographic Revenue from Latin America is projected to be $344.60 million, representing a year-over-year change of +3.2% [2] - Geographic Revenue from North America is expected to reach $407.20 million, indicating a year-over-year change of +2.6% [2] - Geographic Revenue from Europe is estimated at $295.00 million, reflecting a change of +3.2% from the prior-year quarter [2] Additional Revenue Insights - Geographic Revenue from the Rest of the World is forecasted to be $206.00 million, indicating a change of +3.5% from the prior-year quarter [3] - Over the past month, Brink's shares have recorded returns of -2.1%, compared to the Zacks S&P 500 composite's -6.7% change [3] - Brink's holds a Zacks Rank 3 (Hold), suggesting that its performance is likely to align with the overall market in the upcoming period [3]
Brink's Schedules Second-Quarter 2024 Earnings Release and Conference Call for August 7, 2024
GlobeNewswire News Room· 2024-07-17 20:05
Group 1 - The Brink's Company will host a conference call on August 7, 2024, at 9:00 a.m. (ET) to discuss its second-quarter 2024 financial results [1] - The conference call can be accessed by calling specific numbers for U.S. and international participants, with a recommendation to join five minutes early [1] - Participants can pre-register for a direct dial-in number and access the call via a live webcast [1] Group 2 - A replay of the conference call will be available until August 15, 2024, with specific numbers provided for U.S. and international listeners [2] - The conference number for the replay is 9507974, and a webcast replay will also be available on the Brink's Investor Relations site [2] Group 3 - The Brink's Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, serving various customers including financial institutions and retailers [3] - The company operates in 52 countries and serves customers in over 100 countries [3] - For more information, the company can be contacted through its website or by phone [3]
The Brink's Company: Too Soon To Cash Out
Seeking Alpha· 2024-07-15 21:33
Core Viewpoint - The Brink's Company has demonstrated significant stock performance, with a 91.9% increase over the past year, outperforming the S&P 500's 43.6% rise, indicating strong investor interest and potential for continued growth [2][3]. Financial Performance - For the fiscal year 2023, The Brink's Company reported revenue of $4.87 billion, a 7.5% increase from $4.54 billion in 2022 [3]. - The company's net income fell from $173.5 million in 2022 to $87.7 million in 2023, while operating cash flow rose from $479.9 million to $702.4 million, and EBITDA increased from $788.3 million to $867.2 million [4]. - In the first quarter of fiscal year 2024, revenue increased from $1.19 billion to $1.24 billion, with net income more than tripling from $15 million to $49.3 million [5]. Regional Performance - North America remains the largest revenue contributor, with a slight increase from $1.58 billion in 2022 to $1.60 billion in 2023, driven by price increases but offset by lower volumes [4]. - Latin America showed strong growth, with sales rising from $1.21 billion in 2022 to $1.33 billion in 2023, despite a negative impact of $162.8 million from foreign currency fluctuations [4]. - Europe contributed positively with organic sales increases of $71.4 million and acquisitions adding $107 million to revenue [4]. Future Outlook - Management forecasts revenue for fiscal year 2024 to be between $5.075 billion and $5.225 billion, representing a 5.6% increase from the previous year [5]. - Expected earnings per share are projected to be between $7.30 and $8, with adjusted net income anticipated to be around $346.5 million at the midpoint [5]. Valuation Metrics - The Brink's Company is considered attractively priced relative to its peers, with a price-to-earnings ratio of 13.1, price-to-operating cash flow of 8.4, and EV/EBITDA of 7.5, making it one of the cheaper options in its sector [6][7][8]. Investment Thesis - Despite the stock's significant past performance, it remains a 'buy' due to its continued growth potential and relatively low valuation compared to similar companies [9].
Brink's Declares Quarterly Dividend
GlobeNewswire News Room· 2024-07-11 16:45
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’ ...
The Brink's Company: Growth Is Expected To Remain Healthy For The Foreseeable Future
Seeking Alpha· 2024-07-10 07:03
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 ...
Brink's Closes $400 Million 5-Year and $400 Million 8-Year Senior Notes Offering
Newsfilter· 2024-06-12 20:15
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 ...
Brink's Closes $400 Million 5-Year and $400 Million 8-Year Senior Notes Offering
GlobeNewswire News Room· 2024-06-12 20:15
Core Viewpoint - The Brink's Company has successfully closed an offering of senior unsecured notes totaling $800 million, aimed at refinancing existing debt and enhancing liquidity while maintaining leverage within targeted ranges [1]. Group 1: Financial Details - The offering consists of two tranches: $400 million of 5-year notes maturing on June 15, 2029, with an interest rate of 6.500%, and $400 million of 8-year notes maturing on June 15, 2032, with an interest rate of 6.750% [1]. - The net proceeds from the offering will be used to redeem or repurchase $400 million of outstanding 5.500% Senior Notes due 2025 and to repay a portion of borrowings under a $1 billion revolving credit facility [1]. Group 2: Management Commentary - The executive vice president and CFO expressed satisfaction with the refinancing results, highlighting the extension and diversification of future debt maturities and the increase in liquidity [1]. - The company does not anticipate a significant impact on its 2024 interest expense or existing EPS guidance as a result of this transaction [1]. 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 [3].
Brink's Prices $400 Million 5-Year and $400 Million 8-Year Senior Notes Offering
Newsfilter· 2024-06-05 19:51
RICHMOND, Va., June 05, 2024 (GLOBE NEWSWIRE) -- The Brink's Company (NYSE:BCO) (the "Company") today announced the pricing of its offering of 5-year and 8-year senior unsecured notes in aggregate principal amounts of $400 million and $400 million, respectively. The notes will be issued at par, will mature on June 15, 2029 and June 15, 2032, respectively, and will bear an annual interest rate of 6.500% and 6.750%, respectively. The notes will be general unsecured obligations guaranteed by the Company's exis ...
Brink's Prices $400 Million 5-Year and $400 Million 8-Year Senior Notes Offering
GlobeNewswire News Room· 2024-06-05 19:51
RICHMOND, Va., June 05, 2024 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO) (the “Company”) today announced the pricing of its offering of 5-year and 8-year senior unsecured notes in aggregate principal amounts of $400 million and $400 million, respectively. The notes will be issued at par, will mature on June 15, 2029 and June 15, 2032, respectively, and will bear an annual interest rate of 6.500% and 6.750%, respectively. The notes will be general unsecured obligations guaranteed by the Company’s exis ...