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The Brink's Company (NYSE: BCO) is a leading global provider of secure solutions, including cash management, digital retail solutions, and ATM managed services. Established in 1859, Brink's has grown to operate more than 1,100 facilities and 12,000 vehicles, servicing customers in over 100 countries. The company employs over 59,900 individuals worldwide, delivering critical business intelligence, productivity improvements, and enhanced protection for high-value goods and cash.
Brink's offers a range of services that include cash-in-transit, ATM services, smart safes, and currency processing, catering to diverse clients such as financial institutions, retailers, government agencies, mints, and jewelers. The company’s operations are segmented geographically into North America, Latin America, Europe, and the Rest of the World, with North America being the largest revenue contributor.
In recent years, Brink's has made significant strides in expanding its digital retail solutions (DRS) and ATM managed services (AMS). The acquisition of U.K.-based G4S in 2020 has bolstered its capabilities and market presence, particularly in the secure transportation of high-value commodities like jewelry and electronics.
Financially, Brink's has demonstrated strong performance, with record revenues and operating profits reported in recent quarters. For example, the third quarter of 2023 saw GAAP revenues increase by 8% year-over-year to $1.227 billion, with GAAP operating profit rising by 131% to $138 million. The company also announced a new $500 million share repurchase program in November 2023, reflecting confidence in its financial outlook.
Brink's strategic initiatives include leveraging the Brink’s Business System to drive growth and efficiency globally, enhancing service offerings through technology-enabled solutions, and maintaining a disciplined capital allocation framework.
Brink's Company (NYSE:BCO) reported Q3 2024 results with revenue growth of 3% to $1,259 million, driven by 26% organic growth in ATM managed services and digital retail solutions. Operating profit decreased 19% to $112 million, impacted by a strengthening US dollar and market headwinds in global services. The company experienced a $10 million increase in security losses due to a large loss event. EPS declined 33% to $0.65. The company updated its 2024 guidance, now expecting revenues of $5,000-5,050 million and adjusted EBITDA of $900-920 million, with AMS and DRS organic growth projected at over 20%.
The Brink's Company (NYSE:BCO), a global leader in cash and valuables management, digital retail solutions, and ATM managed services, has announced its upcoming third-quarter 2024 earnings release and conference call. The financial results will be released on November 6, 2024, followed by a conference call at 9:00 a.m. (ET) to review the results.
Interested parties can access the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international). Pre-registration is available, and participants are advised to join at least five minutes before the call starts. A live webcast will also be accessible. A replay of the call will be available until November 13, 2024, and a webcast replay will be posted on the Brink's Investor Relations site.
The Brink's Company (NYSE:BCO) has announced the appointment of Nader Antar as EVP and President of Brink's Global Services (BGS), effective October 1, 2024. Antar, a global business leader with over 20 years of experience, will report to CEO Mark Eubanks and join the executive leadership team. He succeeds Dominik Bossart, who stepped down on September 30, 2024, after 25 years with the company.
Antar's extensive experience includes leading complex P&Ls across Europe, Middle East, and Africa, with a background in transformation and change management. He most recently served as President of Saur International in France. CEO Mark Eubanks expressed confidence in Antar's ability to lead the BGS business, citing his innovative approach and people-centric decision-making.
The Brink's Company (NYSE:BCO) has announced a long-term ATM managed services agreement with Sainsbury's. Through this partnership, NoteMachine, a Brink's Company, will take ownership and management of Sainsbury's ATM business, which includes approximately 1,370 ATMs in retail stores across the United Kingdom. NoteMachine will provide a comprehensive range of ATM managed services, including transaction processing, cash replenishment, maintenance, and more. The onboarding process is expected to be completed by May 2025.
This partnership aligns with Brink's mission to enhance banking accessibility and convenience. Sainsbury's CEO Simon Roberts expressed confidence in NoteMachine as the right partner, emphasizing the continued provision of free cash access for customers while simplifying their banking business and reducing costs.
The Brink's Company (NYSE:BCO) has announced a regular quarterly dividend of $0.2425 per share on its common stock. This dividend declaration was made by the company's board of directors on September 19, 2024. Shareholders who are on record as of November 4, 2024, will be eligible to receive the dividend payment, which is scheduled for December 2, 2024. This announcement demonstrates Brink's commitment to providing regular returns to its shareholders through dividend distributions.
The Brink's Company (NYSE:BCO), a global leader in cash and valuables management, digital retail solutions, and ATM managed services, has announced Joshua Teteak as the new executive vice president of Brink's Business System, effective August 26. Teteak, formerly the global head of integrated supply chain at GE Healthcare, will replace Jamal Powell, who has been appointed to a new role within the company.
Teteak will join the executive leadership team, reporting directly to Mark Eubanks, president and CEO of Brink's. His appointment is expected to bring valuable experience in driving growth, organizational performance, and lean continuous improvement to Brink's ongoing transformation efforts. The company aims to leverage Teteak's expertise to optimize safety, quality, delivery, and cost productivity while standardizing global processes.
Brink's (NYSE:BCO) reported strong second-quarter results with record revenue growth of 3% and organic revenue growth of 14%. The company's AMS/DRS segment saw accelerating organic growth of 26%. GAAP net income increased 44% to $46M, while adjusted EBITDA rose 16% to $226M. GAAP EPS improved 51% to $1.03, and non-GAAP EPS grew 31% to $1.67. Brink's repurchased over 722k shares year-to-date at an average price of $91.02 per share.
The company highlighted progress on strategic objectives, including expanding profit margins and returning excess cash to shareholders. Adjusted EBITDA margins expanded 200 basis points, with a 360 basis point improvement in the North America segment. Brink's returned $86 million to shareholders in the first half of 2024, more than double the prior year.
The Brink's Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, has announced its second-quarter 2024 earnings release and conference call schedule. The financial results will be released on Wednesday, August 7, 2024, followed by a conference call at 9:00 a.m. (ET) on the same day.
Interested parties can access the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international). Pre-registration is available for a direct dial-in number. The call will also be accessible via live webcast. A replay will be available through August 15th, 2024, with the conference number 9507974.
The board of directors of The Brink’s Company (NYSE: BCO) has declared a regular quarterly dividend of $0.2425 per share on its common stock. This dividend will be paid on September 3, 2024, to shareholders who are recorded as of July 29, 2024. Earlier, on May 1, 2024, the company announced the second consecutive year of double-digit increases to its quarterly dividend, aligned with its capital allocation framework.
The Brink’s Company (NYSE: BCO) has successfully closed its offering of 5-year and 8-year senior unsecured notes, each in the amount of $400 million. The notes, priced at par, will mature on June 15, 2029, and June 15, 2032, respectively, with annual interest rates of 6.500% and 6.750%. CFO Kurt McMaken highlighted the benefits of the refinancing, including extended debt maturities, increased liquidity, and maintained leverage. The company does not anticipate significant impacts on 2024 interest expenses or EPS guidance. Proceeds will be used to redeem $400 million of 5.500% Senior Notes due 2025, repay portions of its $1 billion revolving credit facility, and for general corporate purposes.
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