Welcome to our dedicated page for The Brink's Company news (Ticker: BCO), a resource for investors and traders seeking the latest updates and insights on The Brink's Company stock.
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) reaffirmed its 2021 guidance with projected revenue growth of 21%, reaching approximately $4.45 billion. Year-to-date revenue recovery has reached 96% of pre-pandemic levels. Adjusted EBITDA is expected to grow by 25% to about $705 million. For 2022, the company targets organic revenue growth of 5%-7% and adjusted EBITDA between $785 million and $825 million, indicating optimism as economic trends improve. The company emphasizes ongoing recovery despite pandemic challenges and anticipates additional growth from its recent acquisitions.
The Brink's Company (NYSE:BCO) announced a quarterly dividend of 20 cents per share, marking a 33% increase from the previous 15 cents. This dividend is set to be paid on June 1, 2021, to shareholders on record by May 17, 2021. Doug Pertz, CEO, emphasized the board's commitment to enhancing shareholder value and confidence in their strategy to boost revenue and cash flow. Brink's operates in 53 countries, providing cash management and secure logistics solutions.
The Brink's Company (BCO) reported strong first-quarter 2021 results, with a **12% increase in revenue** to **$978 million**. Operating profit reached **$62 million**, a **135% rise**, while **net income** surged **606%** to **$13 million**. The acquisition of PAI is expected to add **$22 million** of adjusted EBITDA this year. Management raised guidance, anticipating **21% revenue growth** and **32% EPS growth** for the full year, buoyed by integration synergies from G4S and favorable market conditions.
The Brink’s Company (NYSE:BCO) will host a conference call on April 28, 2021, at 8:30 a.m. (ET) to discuss its first-quarter financial results, which will be released that morning. Interested participants can join via a phone call or a live webcast. For those unable to attend, a replay will be available until May 28, 2021. Brink’s is a leader in total cash management and secure logistics, serving clients in over 100 countries with services like cash-in-transit and ATM solutions.
The Brink's Company has acquired PAI, Inc. for $213 million, enhancing its ATM service capabilities. The acquisition is projected to contribute approximately $240 million in revenue and $22 million in adjusted EBITDA for 2021. PAI's robust technology and services, including a SaaS platform for ATM management, aligns with Brink’s Strategy 2.3 to offer comprehensive cash management solutions. This move strengthens Brink's position in the U.S. market, leveraging PAI's management team and existing ATM network of over 100,000 locations.
The Brink's Company (NYSE: BCO) announced board changes effective March 16, 2021. A. Louis Parker has been elected to the board, taking over from Reginald Hedgebeth, who will retire on March 31, 2021. Parker brings extensive experience, having served in various executive roles, including CEO at Visible Men Academy and leadership positions at GE. Doug Pertz, Brink's CEO, expressed confidence that Parker's expertise in technology, risk management, and finance will support the company's strategic growth in cash management solutions.
The Brink’s Company (NYSE:BCO), a leader in cash management and secure logistics, announced that CEO Doug Pertz and CFO Ron Domanico will attend the Jefferies Business Services Summit on March 25, 2021. During the event, management will meet with investors throughout the day. Interested portfolio managers and analysts should contact their Jefferies representative to schedule meetings. Brink’s operates globally in 53 countries, providing services like cash-in-transit and ATM management for diverse clients, including financial institutions and retailers.
The Brink’s Company (NYSE:BCO) announced participation in the Truist Securities Technology, Internet and Services Conference on March 9, 2021. CEO Doug Pertz and CFO Ron Domanico will present at 9:40 AM ET, with a webcast available on the company's website. Brink's management is also open to meeting with investors throughout the day. The company specializes in total cash management, secure logistics, and payment solutions, serving clients in over 100 countries. For more details, visit www.brinks.com.
The Brink’s Company (NYSE:BCO) reported a 9% revenue increase in Q4 2020, reaching $1.022 billion, with a significant GAAP operating profit of $112 million, marking a 53% rise. Full-year revenue matched 2019 at $3.691 billion, though GAAP operating profit fell 10%. The company anticipates 2021 revenue growth between 17% and 22%, alongside strong profit expectations. Cash processing and circulation levels surpassed pre-pandemic figures. Brink’s completed the G4S acquisition, which is projected to enhance revenue by approximately $800 million.
The Brink’s Company (NYSE:BCO) announced a regular quarterly dividend of 15 cents per share, to be paid on March 1, 2021, for shareholders of record on February 8, 2021. This reflects Brink’s commitment to returning value to its shareholders while maintaining its position as a leader in total cash management and secure logistics worldwide. The company operates in 52 countries, offering services to a diverse range of customers including financial institutions and retailers.
FAQ
What is the current stock price of The Brink's Company (BCO)?
What is the market cap of The Brink's Company (BCO)?
What services does The Brink's Company provide?
In how many countries does Brink's operate?
Who are Brink's primary customers?
What was the recent financial performance of Brink's?
Does Brink's have a share repurchase program?
What are Brink's recent strategic initiatives?
How did the acquisition of G4S impact Brink's?
What segments does Brink's operate in?
When was Brink's established?
How many employees does Brink's have?
