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The Brink's Company - BCO STOCK NEWS

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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.

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The Brink’s Company (NYSE:BCO) announced the appointment of Keith R. Wyche to its board of directors, effective December 7, 2022. This expands the board to 10 members. Wyche, who currently serves as Walmart's vice president of Community Engagement and Support, brings extensive experience in technology, manufacturing, and retail. He aims to enhance Brink's growth strategy and digital cash management initiatives. Wyche's leadership background includes roles at Pitney Bowes and Convergys, alongside various board positions in nonprofit organizations.

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The Brink's Company (NYSE:BCO) announced a quarterly dividend of 20 cents per share, payable on December 1, 2022. Shareholders of record by November 7, 2022 will receive this payment. Brink's is a leader in secure logistics and cash management, serving clients in over 100 countries through operations in 53 countries. The company's services include cash-in-transit, ATM services, and vault outsourcing.

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Brink's Company (NYSE:BCO) announced the appointment of Kurt McMaken as Chief Financial Officer, effective August 24, 2022. He succeeds Ron Domanico, who will support the transition and continue as president of Brink's Capital until his retirement in June 2023. McMaken brings extensive experience from Eaton Corporation, where he held senior finance roles. CEO Mark Eubanks expressed confidence in McMaken's leadership for ongoing growth and value creation amidst dynamic market conditions.

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The Brink's Company (NYSE:BCO) reported strong second-quarter results, with revenue increasing by 8% and organic growth at 13%. Operating profit grew 32% to $97M, while GAAP net income surged 47% to $35M. Adjusted EBITDA rose 13% to $187M, and EPS increased 55% to $0.73. The company anticipates continued momentum in the second half, affirming its full-year guidance, projecting revenues between $4.52B and $4.67B for 2022.

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The Brink's Company (NYSE:BCO) announced a quarterly dividend of 20 cents per share, payable on September 1, 2022, to shareholders of record on August 8, 2022.

This announcement aligns with the company's ongoing commitment to returning value to its shareholders.

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The Brink’s Company (NYSE:BCO), a leader in cash management and secure logistics, will host a conference call on August 3, 2022, at 8:30 a.m. ET. This call will discuss the second-quarter financial results, to be released earlier that day. Participants can join via phone or live webcast, with pre-registration available for direct dial-in details. A replay will be accessible until August 10, 2022. Brink’s operates globally, serving customers in over 100 countries, providing services such as cash-in-transit and ATM management.

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The Brink's Company (NYSE:BCO) announced that CEO Mark Eubanks will present at the Baird 2022 Global Consumer, Technology & Services Conference on June 8 at 7:55 A.M. ET. Investors can access the live video webcast via this link or through the company's website. Following the presentation, Eubanks and other representatives will be available for investor meetings, with requests handled through Baird's representatives.

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The Brink's Company (NYSE:BCO), a leader in cash management and secure logistics, will participate in the Baird 2022 Global Consumer, Technology & Services Conference on June 8, 2022. CEO Mark Eubanks is set to present at 7:55 A.M. ET. The company representatives will be available for investor meetings throughout the day. Brink's operates in 53 countries, providing services like cash-in-transit, ATM services, and cash management solutions. They serve various sectors, including financial institutions and retailers. For further details, visit www.brinks.com.

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The Brink's Company (NYSE: BCO) reported strong first-quarter results for 2022, achieving a revenue increase of 10% to $1.07 billion, underpinned by 9% organic growth. Operating profit rose by 24% to $112 million, while GAAP net income surged to $71 million from $13 million in the prior year. Adjusted EBITDA reached $165 million, marking a 21% increase. The company affirmed its full-year guidance, expecting revenue to exceed pre-pandemic levels by nearly $1 billion. Key metrics for the quarter include a GAAP EPS of $1.48, reflecting a significant jump from $0.25 in Q1 2021.

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The Brink’s Company (NYSE:BCO) announced a leadership transition effective May 6, 2022. Mark Eubanks has taken over as president and CEO, succeeding Doug Pertz, who now serves as executive chairman. Eubanks brings experience from Otis Worldwide Corporation and Eaton Corporation. He aims to drive operational excellence and innovation while continuing to strengthen the company’s customer focus. The company provides cash management and secure logistics services, operating in over 100 countries worldwide.

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FAQ

What is the current stock price of The Brink's Company (BCO)?

The current stock price of The Brink's Company (BCO) is $90.35 as of December 20, 2024.

What is the market cap of The Brink's Company (BCO)?

The market cap of The Brink's Company (BCO) is approximately 4.0B.

What services does The Brink's Company provide?

The Brink's Company offers secure logistics and security solutions including cash-in-transit, ATM services, smart safes, currency processing, and digital retail solutions.

In how many countries does Brink's operate?

Brink's operates in over 100 countries across six continents.

Who are Brink's primary customers?

Brink's primary customers include financial institutions, retailers, government agencies, mints, jewelers, and other commercial businesses.

What was the recent financial performance of Brink's?

In the third quarter of 2023, GAAP revenues increased by 8% year-over-year to $1.227 billion, and GAAP operating profit rose by 131% to $138 million.

Does Brink's have a share repurchase program?

Yes, in November 2023, Brink's announced a new $500 million share repurchase program.

What are Brink's recent strategic initiatives?

Brink's recent strategic initiatives include leveraging the Brink’s Business System to drive growth and efficiency, expanding digital retail solutions and ATM managed services, and maintaining disciplined capital allocation.

How did the acquisition of G4S impact Brink's?

The acquisition of G4S in 2020 enhanced Brink's capabilities and market presence, especially in the secure transportation of high-value commodities.

What segments does Brink's operate in?

Brink's operations are segmented into North America, Latin America, Europe, and Rest of the World.

When was Brink's established?

Brink's was established in 1859.

How many employees does Brink's have?

Brink's employs over 59,900 individuals worldwide.

The Brink's Company

NYSE:BCO

BCO Rankings

BCO Stock Data

3.95B
42.65M
2.08%
100.33%
2.39%
Security & Protection Services
Arrangement of Transportation of Freight & Cargo
Link
United States of America
RICHMOND