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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) reported a strong third-quarter performance for 2021, with revenue rising 11% to $1,076 million, reflecting 6% organic growth. Net income improved to $19 million from a loss of $24 million, while adjusted EBITDA increased 15% to $170 million. EPS rose to $0.38, compared to a loss of $0.47 in the previous year. The company announced a $150 million accelerated share repurchase plan, targeting approximately 5% of outstanding shares. Despite labor shortages and inflationary pressures impacting results, Brink's maintained its full-year guidance, projecting revenue between $4.1 billion and $4.2 billion.
The Brink's Company (NYSE:BCO), a leader in cash management and secure logistics, announced a conference call scheduled for October 27 at 8:30 a.m. (ET) to discuss its third-quarter financial results, which will be released on the same day. Investors can join by calling specific numbers for U.S. and international lines, with pre-registration available to receive a direct dial-in number. A replay will be accessible until November 26. Brink's operates in 53 countries, providing services to various sectors including finance, retail, and government.
The Brink's Company (NYSE:BCO) announced a quarterly dividend of 20 cents per share, payable on December 1, 2021, to shareholders recorded by November 8, 2021. Brink’s, the leader in secure logistics and cash management, provides services globally, including cash-in-transit and ATM services, supported by a network operating in 53 countries. This dividend reflects the company's ongoing commitment to returning value to its shareholders, enhancing its status as a reliable investment opportunity.
The Brink's Company (NYSE:BCO) has revised its 2021 non-GAAP revenue guidance to $4.1 billion to $4.2 billion, reflecting the impact of the Covid-19 Delta variant on performance. Previously, guidance was $4.3 billion. Labor shortages and inflationary pressures in the U.S. are affecting results, but price increases are expected to offset costs. Despite these challenges, Brink's anticipates high teens profit growth for 2022, driven by operational improvements and new digital solutions. The company will present its strategic plan and updated financial targets in December.
The Brink's Company (NYSE:BCO) announced the appointment of Timothy J. Tynan to its board of directors, effective September 20, 2021. This move expands the board from eight to nine members. Tynan, former CEO of Banc of America Merchant Services, brings extensive experience in FinTech and digital payments, which is expected to enhance Brink's strategic focus on cash payment solutions. Tynan has a rich background with Citigroup and IBM, and is currently involved with Chargeback Gurus and various non-profit organizations, further highlighting his leadership credentials.
The Brink's Company (NYSE:BCO) has announced an accelerated share repurchase agreement with J.P. Morgan Chase Bank to repurchase $50 million of its common stock. This is part of a $250 million share repurchase program authorized in February 2020, leaving $150 million remaining post-transaction. CEO Doug Pertz emphasized the company's commitment to shareholder value and expects growth in 2022, surpassing pre-Covid revenue levels. Approximately 524,315 shares will be repurchased initially, with the final count to be determined by market prices.
The Brink's Company (NYSE:BCO) announced the appointment of Mark Eubanks as executive vice president and chief operating officer, effective September 7. Eubanks, previously of Otis Worldwide Corporation, will oversee the company’s four regional operating segments. This hiring is part of Brink’s CEO succession plan, with the board expected to name a new CEO in early 2022. Current CEO Doug Pertz will transition to executive chairman, focusing on strategy and digital initiatives. Pertz expressed confidence in Eubanks' experience to enhance operations and growth.
The Brink's Company (NYSE:BCO) reported significant growth in its Q2 2021 results, with total revenue rising 27% to $1,049 million, driven by 15% organic growth and acquisitions. Operating profit improved to $73 million, a turnaround from the previous year's loss, with non-GAAP operating profit up 51% to $111 million. The company achieved a net income of $24 million, a substantial 85% increase, and an Adjusted EBITDA of $166 million, up 39%. The outlook for 2021 indicates mid-to-high teens revenue growth, with anticipated adjusted EBITDA growth between $785 million and $825 million for 2022.
The Brink’s Company (NYSE:BCO), a leader in secure logistics and cash management, will host a conference call on July 22, 2021, at 8:30 a.m. (ET) to discuss its second-quarter financial results, to be released that same morning. Investors can join the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international) five minutes prior to start. A live webcast will also be available. Replay options will be accessible until August 22, 2021. Brink’s operates in over 53 countries and offers services such as cash-in-transit and vault outsourcing.
The Brink’s Company (NYSE: BCO) has announced a quarterly dividend of 20 cents per share, payable on September 1, 2021, to shareholders of record on July 26, 2021. This dividend declaration reflects the company's ongoing commitment to return value to its shareholders.
Brink's is a leader in total cash management and secure logistics, with operations in 53 countries serving clients in over 100 countries, including financial institutions, retailers, and government agencies.
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