Brink’s ( (BCO) ) has released its Q4 earnings. Here is a breakdown of the information Brink’s presented to its investors.
The Brink’s Company is a global leader in cash and valuables management, digital retail solutions, and ATM managed services, serving customers across various sectors including financial institutions and retailers. In its latest earnings report, Brink’s announced a record revenue for 2024, achieving a 3% growth with a notable 12% organic growth. The company also reported strong cash generation, with $426 million in cash from operations and $400 million in free cash flow, while reducing net leverage and returning $245 million to shareholders.
Key financial highlights for 2024 include a revenue of $5.012 billion, a 7% increase in operating profit, and a significant 86% rise in net income. The company also achieved a 97% increase in earnings per share (EPS) on a GAAP basis. Brink’s continues to focus on expanding its AMS and DRS segments, which saw organic growth of 23% and 9%, respectively. Additionally, the company resolved investigations with the DOJ and FinCEN, incurring charges that impacted its EPS.
Looking ahead to 2025, Brink’s management remains optimistic, maintaining their strategic focus on organic growth, margin expansion, and cash flow conversion. They anticipate mid-single-digit organic revenue growth and plan to return over 50% of free cash flow to shareholders. The company is poised to capitalize on its momentum in AMS and DRS, with positive early developments in its global services business.