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Brink's Company (BCO) delivers secure logistics and cash management solutions globally. This news hub provides investors and stakeholders with centralized access to official announcements, financial updates, and strategic developments.
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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.
The Brink’s Company (NYSE:BCO) has declared a quarterly dividend of 15 cents per share on its common stock. This dividend will be payable on December 1, 2020, to shareholders of record as of November 6, 2020. Brink’s is recognized as a global leader in total cash management and secure logistics, serving a diverse clientele across 52 countries with operations in over 100 countries.
The Brink’s Company (NYSE:BCO) announced a conference call on October 29, 2020, at 8:30 a.m. (ET) to discuss its third-quarter financial results, which will be released earlier that day. The call can be accessed at 888-349-0094 for U.S. callers or 412-902-0124 internationally. Pre-registration is available via a provided link. Participants can also join the live webcast through the company's investor relations website. A replay will be accessible until November 28, 2020.
The Brink's Company (NYSE: BCO) has announced a $50 million accelerated share repurchase (ASR) agreement with J.P. Morgan Chase Bank. This transaction is part of a broader $250 million share repurchase authorization, temporarily paused due to pandemic uncertainties. President Doug Pertz emphasized the company's commitment to shareholder value and confidence in emerging stronger from the COVID-19 pandemic. The ASR is expected to acquire approximately 850,000 shares, and completion is projected by November 2, 2020. Brink's had about 51 million fully diluted shares outstanding as of June 30, 2020.
The Brink’s Company (NYSE: BCO) reported a strong 2020 second-quarter performance despite ongoing COVID-19 challenges. GAAP EPS rose to $0.27, exceeding expectations, while non-GAAP EPS fell to $0.67. Revenue declined by 10% year-over-year to $826 million, with a notable recovery from a 29% decline in April to 14% in June. The G4S acquisition contributed positively, generating synergies and enhancing geographical reach. Management offered projections for adjusted EBITDA between $465 million and $515 million for 2020, and between $615 million and $805 million for 2021, emphasizing cautious optimism for recovery.
The Brink's Company (NYSE: BCO) has declared a quarterly dividend of 15 cents per share, payable on September 1, 2020. Shareholders must be on record by July 27, 2020 to receive the dividend. This announcement underscores Brink's commitment to returning value to shareholders while maintaining its position as a leader in secure logistics and cash management services globally.
The Brink’s Company (NYSE: BCO) will host a conference call on July 29, 2020, at 8:30 a.m. ET to discuss its second-quarter financial results. The call can be accessed by calling 888-349-0094 (U.S.) or 412-902-0124 (international). Pre-registration is encouraged. A replay will be available until August 29, 2020. Brink's is a leader in total cash management and secure logistics, serving customers in over 100 countries with comprehensive cash management solutions. More details about the company can be found on its website.
The Brink’s Company (NYSE: BCO) has successfully closed a $400 million offering of 5-year senior unsecured notes with a 5.5% annual interest rate, maturing in July 2025. Proceeds will partially refinance existing debt from the G4S Cash acquisitions, finance remaining acquisitions, and cover related expenses. The company’s pro forma net debt will remain unchanged, with a first lien leverage ratio of 2.0x and expected liquidity of $1.2 billion as of March 31, 2020.
The Brink's Company (NYSE:BCO) announced the pricing of $400 million in 5-year senior unsecured notes, maturing on July 15, 2025, at an interest rate of 5.5%. The offering, expected to close on June 22, 2020, will help repay existing debts from acquiring G4S Cash businesses and cover related expenses. Additionally, proceeds will support working capital and other corporate needs. The notes will be privately offered and are not registered under the Securities Act.
The Brink's Company (NYSE: BCO) announced its plan to offer $400 million of 5-year senior unsecured notes, contingent on market conditions. The proceeds will primarily be used to repay existing debt from the acquisition of G4S Cash businesses and to finance subsequent acquisitions, alongside covering transaction fees. The notes will be issued to qualified institutional buyers and will not be registered under the Securities Act. Brink's, a leader in cash management and secure logistics, operates in over 48 countries, serving various sectors including financial institutions and retailers.
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