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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.
The Brink's Company (NYSE:BCO) announced a conference call scheduled for May 10, 2023, at 8:30 a.m. (ET) to discuss first-quarter financial results. The results will be released earlier that same day. Interested participants can join the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international), and it is recommended to call in five minutes prior to the start. A pre-registration option is available for a direct dial-in number via a provided link. The conference call will also be accessible through a live webcast, with a replay option available through May 17, 2023. Brink's operates in 52 countries and serves a diverse clientele that includes banks, retailers, and government entities.
The Brink's Company (NYSE:BCO) reported a 8% revenue growth for the full year, driven by a 12% organic growth, marking the highest organic growth in over a decade. In Q4, GAAP operating profit was $143M with a 12% operating margin. Full-year net income surged 62% to $171M, with non-GAAP EPS increasing 76% to $3.63. The company anticipates continued strong growth in 2023, forecasting revenue between $4.8B-$4.95B and EPS between $6.30-$7.00. Key growth areas included digital retail solutions and ATM managed services, with significant contributions from restructuring efforts and improved cost productivity.
The Brink's Company (NYSE:BCO), a leader in cash management and secure logistics, is set to host a conference call on February 22, 2023, at 8:30 a.m. ET to discuss its fourth-quarter and full-year financial results for 2022. The financial results will be released earlier that day and can be accessed via phone at 888-349-0094 (US) or 412-902-0124 (international). Interested participants can pre-register online to receive a direct dial-in number. Replays of the call will be available until March 1, 2023, as well as a webcast on the Brink's Investor Relations site.
The Brink's Company (NYSE:BCO) has announced a quarterly dividend of 20 cents per share on its common stock. This dividend is scheduled for payment on March 1, 2023, to shareholders registered by February 6, 2023. Known for its leadership in total cash management and secure logistics, Brink's operates in 53 countries, catering to a diverse customer base, including financial institutions and retailers.
The Brink’s Company (NYSE:BCO) announced the appointment of Jesse Jenkins as vice president of investor relations, succeeding Ed Cunningham, who retires after 17 years. Jenkins previously led investor relations at Terminix and has extensive finance experience from ServiceMaster Global Holdings. This transition aims to maintain continuity in investor relations, ensuring a smooth handover of responsibilities.
The Brink's Company is the leader in total cash management and secure logistics, operating in 53 countries and serving clients worldwide.
The Brink's Company (NYSE: BCO) reported a 6% increase in revenue for Q3 2022, supported by 13% organic growth. Adjusted EBITDA rose by 11% to $189 million, with GAAP net income up 1% to $19 million. The company anticipates $40 million in profit growth from restructuring efforts in 2023 and has affirmed its EBITDA and EPS guidance despite revenue outlook adjustments due to foreign exchange impacts. The NoteMachine acquisition for $179 million is expected to enhance earnings by $0.04 per share in Q4.
The Brink's Company (NYSE:BCO) will host a conference call on October 26, 2022, at 8:30 a.m. (ET) to discuss its third-quarter financial results, which will be released that same day. Participants can join the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international), and are encouraged to connect five minutes early. A replay will be available until November 2, 2022. Brink's provides secure logistics and cash management services globally, serving customers in over 100 countries.
Corsair has completed a deal to sell the UK ATM and TestLink divisions of NoteMachine Group Holdings to a subsidiary of The Brink’s Company as of October 3, 2022. Corsair has worked closely with NoteMachine to enhance its operations, leading to considerable EBITDA growth through various strategic initiatives. Post-transaction, Corsair's focus will shift primarily to Eurochange Limited, which offers foreign currency and international payment solutions. The partnership has significantly increased NoteMachine's scale, processing 29 million transactions and handling £14 billion annually.
The Brink’s Company (NYSE:BCO) has acquired NoteMachine, a leading UK ATM network, for approximately $179 million, representing a multiple of 5.0 times adjusted EBITDA. NoteMachine recorded $131 million in revenue and $36 million in adjusted EBITDA for the year ending June 30, 2022. This acquisition, expected to enhance earnings in the first year, expands Brink’s ATM managed services to about 130,000 ATMs globally. The purchase was funded through cash reserves and existing credit facilities, reflecting Brink’s commitment to growth in the ATM sector.
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