Welcome to our dedicated page for Brinks news (Ticker: BCO), a resource for investors and traders seeking the latest updates and insights on Brinks stock.
The Brink's Company reports developments tied to its global cash and valuables management business, digital retail solutions and ATM managed services. News commonly covers financial results, segment performance, recurring AMS and DRS customer offerings, and activity across customer groups that include financial institutions, retailers, government agencies, mints, jewelers and commercial operations.
Company updates also include capital-structure and shareholder-return actions such as dividends and share repurchases, along with governance matters, shareholder voting items, material agreements and risk disclosures. Brink's operates through a global network spanning North America, Latin America, Europe and other international markets.
The Brink's Company (NYSE:BCO) announced the appointment of Mark Eubanks as executive vice president and chief operating officer, effective September 7. Eubanks, previously of Otis Worldwide Corporation, will oversee the company’s four regional operating segments. This hiring is part of Brink’s CEO succession plan, with the board expected to name a new CEO in early 2022. Current CEO Doug Pertz will transition to executive chairman, focusing on strategy and digital initiatives. Pertz expressed confidence in Eubanks' experience to enhance operations and growth.
The Brink's Company (NYSE:BCO) reported significant growth in its Q2 2021 results, with total revenue rising 27% to $1,049 million, driven by 15% organic growth and acquisitions. Operating profit improved to $73 million, a turnaround from the previous year's loss, with non-GAAP operating profit up 51% to $111 million. The company achieved a net income of $24 million, a substantial 85% increase, and an Adjusted EBITDA of $166 million, up 39%. The outlook for 2021 indicates mid-to-high teens revenue growth, with anticipated adjusted EBITDA growth between $785 million and $825 million for 2022.
The Brink’s Company (NYSE:BCO), a leader in secure logistics and cash management, will host a conference call on July 22, 2021, at 8:30 a.m. (ET) to discuss its second-quarter financial results, to be released that same morning. Investors can join the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international) five minutes prior to start. A live webcast will also be available. Replay options will be accessible until August 22, 2021. Brink’s operates in over 53 countries and offers services such as cash-in-transit and vault outsourcing.
The Brink’s Company (NYSE: BCO) has announced a quarterly dividend of 20 cents per share, payable on September 1, 2021, to shareholders of record on July 26, 2021. This dividend declaration reflects the company's ongoing commitment to return value to its shareholders.
Brink's is a leader in total cash management and secure logistics, with operations in 53 countries serving clients in over 100 countries, including financial institutions, retailers, and government agencies.
The Brink's Company (NYSE:BCO) reaffirmed its 2021 guidance with projected revenue growth of 21%, reaching approximately $4.45 billion. Year-to-date revenue recovery has reached 96% of pre-pandemic levels. Adjusted EBITDA is expected to grow by 25% to about $705 million. For 2022, the company targets organic revenue growth of 5%-7% and adjusted EBITDA between $785 million and $825 million, indicating optimism as economic trends improve. The company emphasizes ongoing recovery despite pandemic challenges and anticipates additional growth from its recent acquisitions.
The Brink's Company (NYSE:BCO) announced a quarterly dividend of 20 cents per share, marking a 33% increase from the previous 15 cents. This dividend is set to be paid on June 1, 2021, to shareholders on record by May 17, 2021. Doug Pertz, CEO, emphasized the board's commitment to enhancing shareholder value and confidence in their strategy to boost revenue and cash flow. Brink's operates in 53 countries, providing cash management and secure logistics solutions.
The Brink's Company (BCO) reported strong first-quarter 2021 results, with a **12% increase in revenue** to **$978 million**. Operating profit reached **$62 million**, a **135% rise**, while **net income** surged **606%** to **$13 million**. The acquisition of PAI is expected to add **$22 million** of adjusted EBITDA this year. Management raised guidance, anticipating **21% revenue growth** and **32% EPS growth** for the full year, buoyed by integration synergies from G4S and favorable market conditions.
The Brink’s Company (NYSE:BCO) will host a conference call on April 28, 2021, at 8:30 a.m. (ET) to discuss its first-quarter financial results, which will be released that morning. Interested participants can join via a phone call or a live webcast. For those unable to attend, a replay will be available until May 28, 2021. Brink’s is a leader in total cash management and secure logistics, serving clients in over 100 countries with services like cash-in-transit and ATM solutions.
The Brink's Company has acquired PAI, Inc. for $213 million, enhancing its ATM service capabilities. The acquisition is projected to contribute approximately $240 million in revenue and $22 million in adjusted EBITDA for 2021. PAI's robust technology and services, including a SaaS platform for ATM management, aligns with Brink’s Strategy 2.3 to offer comprehensive cash management solutions. This move strengthens Brink's position in the U.S. market, leveraging PAI's management team and existing ATM network of over 100,000 locations.
The Brink's Company (NYSE: BCO) announced board changes effective March 16, 2021. A. Louis Parker has been elected to the board, taking over from Reginald Hedgebeth, who will retire on March 31, 2021. Parker brings extensive experience, having served in various executive roles, including CEO at Visible Men Academy and leadership positions at GE. Doug Pertz, Brink's CEO, expressed confidence that Parker's expertise in technology, risk management, and finance will support the company's strategic growth in cash management solutions.