Have you assessed how the international operations of Brink's (BCO) performed in the quarter ended September 2024? For this armored car company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investo ...

My previous investment thought for The Brink's Company (NYSE: BCO ) (published in August) was a buy rating because the fundamentals have improved, with growth potentially accelerating on the back of new products. My rating for BCO is stillI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the me ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-09148 THE BRINK'S COMPANY (Exact name of registrant as specified in its charter) Virginia (Stateorotherjurisdictionof ...

Third-Quarter 2024 Earnings November 6, 2024 IIIBRINKS Safe Harbor Statements and Non-GAAP Results These materials contain forward-looking information. Words such as "anticipate," "assume," "estimate," "expect," "target" "project," "model", "predict," "intend," "plan," "believe," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in these materials includes, but is not limited to, information regarding: updated 2024 outlook, including r ...

Financial Data and Key Metrics - Total organic growth of 13% in Q3 2024, with ATM managed services and digital retail solutions (AMS and DRS) growing 26% organically [7] - Cash and valuables management (CVM) grew 9% organically, with pricing execution offsetting market softness in the global services business [8] - Adjusted EBITDA of $217 million, impacted by a $10 million increase in security losses, resulting in an 18% EBITDA margin, down 80 basis points YoY [9] - Free cash flow of $135 million, driven by better asset efficiency and working capital improvements, partially offset by lower EBITDA and currency impacts [10] - Share repurchases of $125 million year-to-date through Q3, reducing share count by 5% YoY [15] Business Line Performance - AMS and DRS delivered double-digit organic growth in all regional segments, with a robust backlog supporting Q4 forecasts [7][14] - Global Services faced softness due to high gold and silver prices, impacting revenue and profit across all segments, including the Americas [26][27] - AMS achieved its third consecutive quarter of accelerating organic growth, with new customers set to onboard in early 2025 [29] - DRS continued to exceed expectations, with double-digit growth in all segments and a strong pipeline of potential customers [28] Market Performance - The strengthening U.S. dollar caused an 11% FX headwind, primarily due to the devaluation of the Mexican peso [8][19] - Latin America, a high-margin region, faced significant FX headwinds, impacting EBITDA margins [9][36] - North America saw a 120 basis point improvement in margins, driven by technology and systems investments [21] Strategic Direction and Industry Competition - The company is focusing on expanding margins through AMS and DRS, with a target of mid-to-high-teens organic revenue growth by 2025 [14][49] - Investments in data center migration, cybersecurity upgrades, and routing systems are expected to drive long-term growth and margin expansion [42] - The company is leveraging its global footprint to capture market share in AMS and DRS, with a strong pipeline of opportunities [14][29] Management Commentary on Operating Environment and Future Outlook - Management remains confident in the long-term growth potential of AMS and DRS, despite near-term FX and market softness headwinds [18][48] - The company expects to achieve mid-single-digit organic growth in 2025, driven by strong AMS and DRS performance [49] - Management highlighted the importance of operational improvements and cost productivity initiatives to enhance EBITDA margins [11][25] Other Key Information - The company appointed Josh Teteak to lead cost productivity efforts and Nader Antar as Global Leader of Brink's Global Services, focusing on growth opportunities and operational improvements [11][12] - A $10 million security loss in Latin America impacted Q3 results, but no further impact is expected for the rest of the year [68] Q&A Session Summary Question: Impact of softer Global Services demand vs. AMS and DRS growth assumptions - Global Services faced headwinds due to high gold and silver prices, but AMS and DRS growth assumptions were increased, driving overall organic growth [52] Question: Free cash flow conversion and long-term targets - The company remains confident in achieving a 50% free cash flow conversion target in the long term, though timing is uncertain [53] Question: FX headwinds and potential incremental impact in Q4 - FX headwinds, primarily from the Mexican peso, are expected to continue into Q4, with potential incremental impacts depending on currency movements [54][57] Question: AMS and DRS growth outlook - AMS and DRS growth is expected to remain strong, with a mid-to-high-teens organic growth rate anticipated for the next few years [64] Question: Impact of new leadership on Global Services performance - New leadership is expected to bring fresh perspectives and operational improvements, with a focus on expanding services and strengthening compliance [67] Question: Details on the $10 million security loss - The loss was due to a theft in Latin America, with no further impact expected for the rest of the year [68]

Brink's (BCO) reported $1.26 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.5%. EPS of $1.51 for the same period compares to $1.92 a year ago.The reported revenue represents a surprise of -0.96% over the Zacks Consensus Estimate of $1.27 billion. With the consensus EPS estimate being $1.86, the EPS surprise was -18.82%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Brink's (BCO) came out with quarterly earnings of $1.51 per share, missing the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.82%. A quarter ago, it was expected that this armored car company would post earnings of $1.42 per share when it actually produced earnings of $1.67, delivering a surprise of 17.61%.Over the last four quarters, the comp ...

Exhibit 99.1 (In millions, except for per share amounts) Third-Quarter 2024 (vs. 2023) IBRINKS P R E S S R E L E A S E Contact: Investor Relations 804.289.9709 BRINK'S CORPORATE The Brink's Company 1801 Bayberry Court Richmond, VA 23226-8100 USA Brink's Announces Third-Quarter Results Revenue growth of 3% with 26% organic growth in ATM managed services and digital retail solutions Full-year 2024 guidance update reflects the impact of currency and market headwinds in global services AMS and DRS organic growt ...

Wall Street analysts expect Brink's (BCO) to post quarterly earnings of $1.86 per share in its upcoming report, which indicates a year-over-year decline of 3.1%. Revenues are expected to be $1.27 billion, up 3.5% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take in ...

RICHMOND, Va., Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, will host a conference call on Wednesday, November 6, at 9:00 a.m. (ET) to review third-quarter 2024 financial results, which will be released earlier that day. The conference call can be accessed by calling 888-349-0094 (in the U.S.) or 412-902-0124 (international). Participants should join at least five minutes prio ...