First-Quarter 2025 Performance - Revenue increased by 1% to $1,247 million, with organic growth of 6%[11] - Adjusted EBITDA decreased by 1% to $215 million, representing a margin of 17.2%[11] - Earnings per share (EPS) decreased by 2% to $1.62, but increased by 13% in constant currency[11] - Trailing-twelve-month Free Cash Flow was $360 million, reflecting a conversion rate of 40%[9, 11] Segment Performance - North America revenue increased by 3% to $418 million, with adjusted EBITDA up 6% to $73 million[15] - Latin America revenue decreased by 8% to $308 million, with adjusted EBITDA down 14% to $67 million[15] - Europe revenue increased by 3% to $299 million, with adjusted EBITDA remaining flat at $40 million[15] - Rest of World revenue increased by 9% to $222 million, with adjusted EBITDA up 20% to $57 million[15] Strategic Growth & Outlook - AMS/DRS organic growth exceeded 20%, now representing 25% of total revenue[9] - The company repurchased over 1.3 million shares year-to-date[9] - Second quarter guidance includes revenue between $1,250 million and $1,300 million, with organic growth between 3% and 6%[9]

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 $1,247 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 $215 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] Segment Performance - North America revenue increased by 3% to $418 million, while Latin America saw a decline of 8% to $308 million [14] - Europe reported a 3% increase in revenue to $299 million, and the Rest of World segment grew by 9% to $222 million [14] - Operating profit in North America increased by 10% to $53 million, while Latin America experienced a decline of 14% to $54 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 $1,300 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]