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Brink's Company (BCO) delivers secure logistics and cash management solutions globally. This news hub provides investors and stakeholders with centralized access to official announcements, financial updates, and strategic developments.
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Brink's Company (NYSE:BCO), a global leader in cash and valuables management, digital retail solutions, and ATM managed services, has announced its upcoming first-quarter 2025 earnings release and conference call scheduled for May 12, 2025.
The financial results will be released after market close, followed by a conference call at 4:30 p.m. (ET). Investors can access the call via phone (888-349-0094 U.S., 412-902-0124 international) or through a live webcast. Pre-registration is available, and participants are advised to join five minutes before the call starts.
A replay will be accessible through May 19, 2025, via phone or webcast on the Brink's Investor Relations site.
Brink's (NYSE:BCO) reported strong financial results for 2024, achieving record revenue with 3% growth and 12% organic growth. The company demonstrated robust organic growth of 23% in AMS/DRS and 9% in CVM segments. Key financial highlights include:
- Cash from operations: $426M
- Free cash flow: $400M
- Shareholder returns: $245M
The company reached settlements with DOJ and FinCEN regarding historical cross-border currency shipments (2018-2020), resulting in a $38M charge in Q4 2024 and total charges of $45.7M for the full year, impacting EPS by $0.86 and $1.02 respectively. Brink's has since strengthened its global Ethics & Compliance program.
Brink's Global Services USA (BGS USA) has reached settlements with the U.S. Department of Justice (DOJ) and Financial Crimes Enforcement Network (FinCEN) regarding historical cross-border currency shipments and federal money-transmitting law compliance. The company will pay $42 million over three years under a Non-Prosecution Agreement with DOJ and a Consent Order with FinCEN.
The resolution addresses currency shipments from 2018 through 2020, not involving Federal Reserve funds or federally regulated financial institutions. Following the DOJ investigation in 2020, Brink's conducted an internal review and enhanced its global Ethics & Compliance program. The company will treat the settlement amounts as special items in its 2024 financial statements, excluding them from non-GAAP results, maintaining its previously provided 2024 guidance.
Brink's Company (NYSE:BCO) has announced it will release its fourth-quarter and full year 2024 financial results on Wednesday, February 26, 2025. The company will host a conference call at 9:00 a.m. (ET) on the same day to review the results.
Participants can join the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international), with pre-registration available. The call will also be accessible via live webcast. A replay will be available through March 5, 2025, via phone and webcast on the Brink's Investor Relations site.
Brink's Company (NYSE:BCO) has announced its board of directors has declared a regular quarterly dividend of $0.2425 per share on the company's common stock. The dividend will be paid on March 3, 2025, to shareholders of record as of February 3, 2025.
Brink's Company (NYSE:BCO) has appointed Guillermo Peschard Mijares as executive vice president and president of Brink's Latin America (LATAM), effective December 2, 2024. Peschard joins from PepsiCo, where he served as senior vice president of Global Strategic Cost Transformation and previously as chief strategy officer for Latin America. His prior experience includes leadership roles at Walmart Mexico and Central America as GM & SVP of Financial Services and Chairman of Banco Walmart. The appointment aims to leverage Peschard's expertise in transformative growth, operational excellence, and strategic innovation to strengthen Brink's LATAM operations.
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.
