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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 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.
The Brink's Company (NYSE: BCO) announced expectations of approximately $1.02 billion in fourth-quarter 2020 revenue. Operating profits are forecasted to exceed previous guidance, with GAAP estimates between $64 million and $79 million, and non-GAAP between $104 million and $119 million. CEO Doug Pertz highlighted improvements in revenue recovery and profit margins, driven by cost reductions despite ongoing pandemic challenges. The company will report final results on February 23, including new segment structures and historical comparisons.
RICHMOND, Va., Nov. 23, 2020 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO) announced that CFO Ron Domanico will participate in the Bank of America 2020 Leveraged Finance Virtual Conference on November 30, 2020. The company's presentation is set for 4:30 PM ET and will be accessible via their Investor Relations Events section online. Brink’s will also meet with investors throughout the day, with portfolio managers and analysts encouraged to contact their Bank of America representatives for meetings.
The Brink’s Company (NYSE:BCO), a leader in cash management and secure logistics, announced its participation in Baird's 2020 Global Industrial Conference on November 10, 2020, and the Berenberg US CEO Conference on November 12, 2020. CEO Doug Pertz and CFO Ron Domanico will represent the company, engaging with portfolio managers and analysts. Brink’s operates in 52 countries, providing services like cash-in-transit and ATM services to a diverse clientele, including financial institutions and retailers. For inquiries, contact Investor Relations at 804-289-9709.
The Brink's Company (NYSE:BCO) reported strong third-quarter results with revenues at $971 million, a 5% increase from the previous year. Operating profit reached $76 million, reflecting a 7.9% margin. The company anticipates that full-year adjusted EBITDA will exceed previous guidance of $520-$535 million. Cash processing volumes have surpassed pre-pandemic levels, indicating robust cash usage. The G4S acquisition is on track, expected to yield annual cost synergies of $20 million by 2021. Brink's forecasts a fourth-quarter operating margin of approximately 11.5% and aims for a potential revenue range of up to $4.9 billion in 2021.
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