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Brink's Company (BCO)
NYSE:BCO
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.86Last Year’s EPS
$2.76Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -13.08%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance for Brink's. While there was strong organic revenue growth and notable contract wins, significant challenges such as FX headwinds, a security loss, and global services market softness were highlighted. The company is optimistic about its technology-enabled solutions and cost productivity initiatives but faces hurdles with currency fluctuations and market conditions.Company Guidance
During the Brink's Company Q3 2024 earnings call, the company provided guidance that highlighted several key metrics. Notably, Brink's achieved a total organic growth of 13% for the quarter. The ATM managed services (AMS) and digital retail solutions (DRS) segments saw impressive organic growth of 26%, exceeding expectations across all regional segments. Cash and valuables management (CVM) experienced 9% organic growth, despite an 11% FX headwind due to the strengthening U.S. dollar, particularly influenced by the devaluation of the Mexican peso. Adjusted EBITDA was reported at $217 million, with margins at 18%, reflecting an 80 basis point decline from the previous year. The company generated $135 million in free cash flow, impacted by lower EBITDA and currency fluctuations. Brink's updated its full-year 2024 guidance, forecasting revenue over $5 billion, with adjusted EBITDA at $910 million at the midpoint, and a free cash flow range of $320 million to $360 million, representing a 37% conversion from adjusted EBITDA. Despite challenges, Brink's remains optimistic about its strategic investments and the continued growth trajectory of its AMS and DRS businesses.Strong Organic Revenue Growth
Brink's delivered total organic growth of 13% in the quarter, with ATM managed services and digital retail solutions growing 26% organically. Cash and valuables management were up 9% organically.
Executive Team Additions
Brink's made key additions to the executive team with Josh Teteak and Nader Antar, focusing on delivering cost productivity and identifying new growth opportunities.
Capital Allocation and Share Repurchase
The company returned $125 million in shares year-to-date through the third quarter and reduced share count by 5% year-over-year, targeting more than $200 million of repurchases in 2024.
AMS and DRS Growth Expectations
The company increased organic growth expectations for AMS and DRS to more than 20% for the remainder of the year, with expectations to exceed the high end of original mix expectations.
Major Contract Win with Sainsbury's
Brink's announced an agreement to provide full ATM managed services for Sainsbury's in the UK, increasing its network of ATMs by about 15% in the region.
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BCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $103.95 | $102.68 | -1.22% |
| Aug 07, 2024 | $101.22 | $94.59 | -6.55% |
| May 08, 2024 | $90.35 | $92.30 | +2.16% |
| Feb 29, 2024 | $78.90 | $82.24 | +4.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brink's Company (BCO) report earnings?
Brink's Company (BCO) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Brink's Company (BCO) earnings time?
Brink's Company (BCO) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BCO EPS forecast?
BCO EPS forecast for the fiscal quarter 2024 (Q4) is $1.86.
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