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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 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.
The Brink's Company (NYSE: BCO) announced an amendment to its credit agreement on June 12, 2020, providing long-term covenant relief and enhanced strategic flexibility. The amendment changes the leverage ratio calculation to a net first lien leverage ratio, excluding approximately $600 million in unsecured debt. For the remainder of 2020, the maximum leverage ratio is set at 4.25x. The pro forma leverage ratio post-G4S acquisition is 2.6x based on Adjusted EBITDA. CEO Doug Pertz emphasized the financial flexibility gained amid the ongoing impact of COVID-19.
The Brink’s Company (NYSE: BCO), a leader in cash management and secure logistics, announced that its CEO Doug Pertz and CFO Ron Domanico will present at the Baird 2020 Global Consumer, Technology & Services Conference on June 2, 2020, at 10:50 A.M. ET. The management team will be available for investor meetings throughout the day. A live audio webcast of the presentation will be accessible through their website. Brink’s operates in 47 countries and provides services to a diverse clientele including financial institutions and retailers.
The Brink’s Company (NYSE: BCO) has announced a quarterly dividend of 15 cents per share on its common stock, payable on June 1, 2020. Shareholders of record by May 18, 2020 will receive this dividend. Brink’s, a leader in secure logistics and cash management, operates globally in 47 countries and serves clients across more than 100 countries, including financial institutions and retailers.
The Brink's Company (NYSE:BCO) reported Q1 2020 results showing a 55% decrease in GAAP operating profit to $26 million, negatively impacted by COVID-19 ($13 million) and adverse currency translation ($15 million GAAP). EPS fell to $0.03 from $0.27. Despite these challenges, management anticipates a recovery, expecting the second quarter to be the low point with improved results in the second half driven by cost reductions. The ongoing acquisition of G4S cash operations is on track, with an expected liquidity of $800 million post-acquisition.
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