Brink's Delivers Strong Third-Quarter Results

Core Insights - The Brink's Company reported a total revenue growth of 6% for the third quarter of 2025, with a notable 19% organic growth in ATM Managed Services (AMS) and Digital Retail Solutions (DRS) [1][3][4] - AMS and DRS now account for 27% of the trailing twelve-month revenue, indicating a shift towards higher-margin subscription-based services [1][3] - The company achieved record operating profit and EBITDA margins in the third quarter, reflecting successful business transformation efforts [1][3] Financial Performance - Total revenue for Q3 2025 was $1,335 million, a 6% increase compared to Q3 2024 [4] - Operating profit reached $152 million, up 37% year-over-year, with an operating profit margin of 11.4%, an increase of 250 basis points [4] - Adjusted EBITDA was reported at $253 million, a 17% increase, with an adjusted EBITDA margin of 14.1%, reflecting a 210 basis point improvement [4] Cash Flow and Capital Allocation - Free cash flow increased by 30% year-over-year, driven by improved profitability and working capital metrics [3] - The company is focused on reducing leverage below three times and has reduced its outstanding share count by 5% year-to-date [3] - Brink's plans to continue investing in strategic acquisitions while adhering to its capital allocation framework [3] Future Outlook - The company anticipates mid-single digits organic revenue growth and mid-to-high teens growth in AMS/DRS for the full year 2025 [7] - Guidance for Q4 2025 includes expected revenue between $1,330 million and $1,380 million, with adjusted EBITDA projected between $267 million and $287 million [8] - The company aims to build on its momentum in higher-margin subscription-based revenue and improve cash conversion [3][6]