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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.
The Brink’s Company (NYSE: BCO) announced Laurent Borne's appointment as executive vice president and chief experience officer, effective May 15, 2023. Borne will oversee global marketing and the company's growing digital retail solutions segment. His extensive background in global product development and management includes leadership roles at Stoneridge and Whirlpool Corporation, where he significantly contributed to technology-led transformation initiatives. President Mark Eubanks emphasized that Borne's expertise aligns with Brink’s focus on enhancing customer experience and modernizing the retail cash ecosystem. Borne's vision is to drive innovation and data-driven decision-making while addressing the diverse needs of retailers.
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