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Brink's Delivers Strong First-Quarter Results
BCOBrink(BCO) GlobeNewswire·2025-05-12 20:05

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 1,247million,reflectinga11,247 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 215million,aslightdecreaseof1215 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]SegmentPerformance−NorthAmericarevenueincreasedby31.62 [3][14] Segment Performance - North America revenue increased by 3% to 418 million, while Latin America saw a decline of 8% to 308million[14]−Europereporteda3308 million [14] - Europe reported a 3% increase in revenue to 299 million, and the Rest of World segment grew by 9% to 222million[14]−OperatingprofitinNorthAmericaincreasedby10222 million [14] - Operating profit in North America increased by 10% to 53 million, while Latin America experienced a decline of 14% to 54million[14]GuidanceandStrategicOutlook−Thecompanyaffirmedits2025frameworkandintroducedsecond−quarter2025guidance,projectingrevenuebetween54 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 1,300million[4][5]−Managementanticipatesmid−single−digitorganicrevenuegrowthfor2025,withAMSandDRSexpectedtogrowinthemidtohighteens[5]−TheadjustedEBITDAmarginisexpectedtoexpandby30−50basispoints,withfreecashflowconversionprojectedat40−451,300 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]