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The Brink's Company (NYSE:BCO) announced strong first-quarter results with a 4% revenue growth and 12% organic growth. GAAP net income increased by 229% to $49M, adjusted EBITDA surged by 15% to $218M, and EPS grew by 263% to $1.09. Non-GAAP EPS rose by 20% to $1.52. The company's TTM GAAP Net Cash from Operations increased by 56% to $800M, with non-GAAP Free Cash Flow up 61% to $363M. First-quarter results showcased robust organic revenue growth, with AMS and DRS segments seeing significant acceleration. Adjusted EBITDA margins expanded by 160 basis-points, reflecting the highest first-quarter margins reported. With a positive outlook for 2024, the company is confident in its value proposition and ability to deliver shareholder value.
The Brink's Company (NYSE:BCO) has declared a 10% increase in its regular quarterly dividend on common stock, from 22 cents per share to 24.25 cents per share. The dividend will be payable on June 3, 2024, to shareholders of record on May 13, 2024. Mark Eubanks, president and CEO, highlighted the company's operational performance, future outlook, and commitment to shareholder value.
